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LAND HELD FOR INVESTMENT
6 Months Ended
Apr. 30, 2013
Land Held For Investment  
LAND HELD FOR INVESTMENT

7. Land Held for Investment

  04/30/2013  10/31/2012 
Land held for investment    
   Land – Unimproved $1,796,292  $2,245,214 
   Land – Commercial rental properties 4,603,176  4,603,176 
  $6,399,468  $6,848,390 

A portion of the decrease in land-unimproved was the result of a reclassification of 2,114 acres of raw land in Bear Creek and Buck Townships, Pennsylvania, to an asset held for sale. The remaining portion of the decrease was related to an impairment expense taken on 2.9 acres of land known as the Flower Field parcel.