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Capitalized interest
6 Months Ended
Apr. 30, 2014
Notes to Financial Statements  
Capitalized interest

Note 7 – Capitalized interest

Interest costs associated with amounts expended at the Grande Rotunda development are capitalized and included in the cost of the project using the weighted average rate of FREIT’s outstanding borrowings. Interest capitalized during the six and three-month periods ended April 30, 2014, amounted to $220,000 and $175,000, respectively.