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Planned asset dispositions	3 Months Ended
Jan. 31, 2013
Planned Asset Dispositions
Planned asset dispositions	Note 5 – Planned asset dispositions: On June 3, 2011, FREIT’s Board authorized management to pursue the sale of the Palisades Manor Apartments, in Palisades Park, NJ, and the Grandview Apartments in Hasbrouck Heights, NJ. The decision to pursue the sale of these properties was based on the Board’s desire to re-deploy the net proceeds arising from the sale to real estate assets in other areas of FREIT’s operations. As of January 31, 2013, the Palisades Manor property was under contract for sale (refer to discussion in Note 6 for additional information). Although it is possible that a sale of the Grandview property will occur in Fiscal 2013, there can be no assurance of such sale. As a result, it is not possible for management to estimate when a sale of the Grandview property will occur, and therefore, the Grandview property is classified as held for use as of January 31, 2013. On May 2, 2012, FREIT’s Board authorized management to pursue the sale of its South Brunswick, NJ property. The decision to sell this property was based on the Board’s desire to re-deploy the net proceeds arising from the sale to real estate assets in other areas of FREIT’s operations. Although it is possible that a sale of the South Brunswick property will occur in Fiscal 2013, there can be no assurance of such sale. As a result, it is not possible for management to estimate when a sale of the South Brunswick property will occur, and therefore, it is classified as held for use as of January 31, 2013.

Planned asset dispositions

3 Months Ended

Jan. 31, 2013

Note 5 – Planned asset dispositions:

On June 3, 2011, FREIT’s Board authorized management to pursue the sale of the Palisades Manor Apartments, in Palisades Park, NJ, and the Grandview Apartments in Hasbrouck Heights, NJ. The decision to pursue the sale of these properties was based on the Board’s desire to re-deploy the net proceeds arising from the sale to real estate assets in other areas of FREIT’s operations. As of January 31, 2013, the Palisades Manor property was under contract for sale (refer to discussion in Note 6 for additional information). Although it is possible that a sale of the Grandview property will occur in Fiscal 2013, there can be no assurance of such sale. As a result, it is not possible for management to estimate when a sale of the Grandview property will occur, and therefore, the Grandview property is classified as held for use as of January 31, 2013.

On May 2, 2012, FREIT’s Board authorized management to pursue the sale of its South Brunswick, NJ property. The decision to sell this property was based on the Board’s desire to re-deploy the net proceeds arising from the sale to real estate assets in other areas of FREIT’s operations. Although it is possible that a sale of the South Brunswick property will occur in Fiscal 2013, there can be no assurance of such sale. As a result, it is not possible for management to estimate when a sale of the South Brunswick property will occur, and therefore, it is classified as held for use as of January 31, 2013.