Related Party Transactions:

12 Months Ended

Jul. 31, 2012

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

Note 9 - Related Party Transactions:

Through April 20, 2011, the Company used a management company to manage all of its real estate properties. The property management company is owned by two of the Company’s former executive officers. For the years ended July 31, 2011 and 2010, the Company has paid the management company $40,778 and $55,691, respectively, in management fees. The arrangement with the management company was formally terminated on April 20, 2011 and no further property management fees were paid to this management company after such date.