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3. Segment Reporting
3 Months Ended
Apr. 30, 2012
3. Segment Reporting:  
3. Segment Reporting

3. Segment Reporting

   The Companies currently operate in two business segments, which consist of Real Estate Management/Rental Operations and Land Resource Management.

During the six months ended April 30, 2012, the Companies had two material property sales, the revenue from which totaled $10,911,419, which was 76% of total revenue for such period: one sale for $9,000,000 to JFBB Ski Areas, Inc. and one sale for $1,911,419 to Phyllis Enfield Trust.