INVESTMENT PROPERTIES (Tables)

12 Months Ended

Oct. 31, 2022

INVESTMENT PROPERTIES [Abstract]

Components of Core Properties

The components of the properties consolidated in the financial statements are as follows (in thousands):

	October 31,
	2022			2021
Land	$	245,844		$	235,233
Buildings and improvements		944,512			913,149
		1,190,356			1,148,382
Accumulated depreciation		(303,488	)		(278,605	)
	$	886,868		$	869,777

Purchase Price Adjustments for Properties Acquired

The financial information set forth below summarizes the Company’s purchase price allocation of the cash consideration paid on a relative fair value basis (Level 3 of the fair value hierarchy) for Shelton during the year ended October 31, 2022 (in thousands).

	Shelton
Assets:
Land	$	11,484
Building and improvements	$	21,803
In-place leases	$	2,285
Above market leases	$	1,179
Liabilities:
In-place leases	$	-
Below market leases	$	1,081