COMBINED STATEMENTS OF OPERATIONS (UNAUDITED) (USD $)	3 Months Ended				9 Months Ended
	Jul. 31, 2011		Jul. 31, 2010		Jul. 31, 2011		Jul. 31, 2010
Revenues:
Real estate management revenue	$ 284,864		$ 290,002		$ 741,726		$ 828,519
Land resource management revenue	1,660,038		1,370,503		2,519,319		1,937,115
Rental income revenue	583,475		572,190		1,749,746		1,686,925
Total Revenues	2,528,377		2,232,695		5,010,791		4,452,559
Costs and expenses:
Real estate management costs	256,992		328,080		762,322		895,437
Land resource management costs	1,879,132		1,531,744		3,279,028		2,704,546
Rental income costs	263,040		259,571		787,397		809,393
General and administration expense	397,566		806,280		1,293,345		1,846,984
Gain on sale of assets	5,500		0		5,500		0
Total costs and expenses	2,791,230		2,925,675		6,116,592		6,256,360
Operating loss	(262,853)		(692,980)		(1,105,801)		(1,803,801)
Other income and expense:
Interest and other income	80,734		80,919		251,675		255,278
Interest expense	389,355	[1]	352,239	[2]	1,155,563	[3]	995,824	[4]
Total other income and expense	(308,621)		(271,320)		(903,888)		(740,546)
Loss from operations before income taxes	(571,474)		(964,300)		(2,009,689)		(2,544,347)
Credit for income taxes	(194,000)		(329,000)		(683,000)		(865,000)
Net loss	$ (377,474)		$ (635,300)		$ (1,326,689)		$ (1,679,347)
Earnings per combined share:
Basic loss per weighted average combined share	$ (0.15)		$ (0.26)		$ (0.54)		$ (0.68)

[1] net of capitalized interest for the three months ended July 31, 2011 of $47,518.

[2] net of capitalized interest for the three months ended July 31, 2010 of $72,658.

[3] net of capitalized interest for the nine months ended July 31, 2011 $158,532.

[4] net of capitalized interest for the nine months ended July 31, 2010 of $248,464.