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Real estate and equipment

12 Months Ended

Oct. 31, 2013

Property, Plant and Equipment [Abstract]

Note 4 - Real estate and equipment:

Real estate and equipment consists of the following:

	Range of
	Estimated	October 31,
	Useful Lives	2013		2012
		(In Thousands of Dollars)
Land		$	76,602	$	76,637
Unimproved land			883		874
Apartment buildings	7-40 years		81,972		81,784
Commercial buildings/shopping centers	15-50 years		118,253		115,492
Equipment/Furniture	3-15 years		2,967		2,814
			280,677		277,601
Less accumulated depreciation			75,226		69,619
Totals		$	205,451	$	207,982

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details