Subsequent event	6 Months Ended
Apr. 30, 2014
Subsequent Events [Abstract]
Subsequent event	Note 13 – Subsequent event: On May 7, 2014, FREIT entered into a contract to acquire The Regency Club, a residential apartment complex located in Middletown, New York, from The Regency at Wallkill, LLC, a party unaffiliated with FREIT. The apartment complex consists of 132 units in 11 buildings and a clubhouse. On December 20, 2013, FREIT sold its South Brunswick land for approximately $11 million. The sale was structured as a like-kind exchange of real estate pursuant to Section 1031 of the Internal Revenue Code. A like-kind exchange for replacement real estate, if completed, will result in a deferral for income tax purposes of the $8.7 million capital gain, realized from the sale of the South Brunswick land. The net proceeds from this sale were approximately $9.8 million. The Regency Club has been identified as the replacement property in this like-kind exchange. The contract price for this acquisition is $22 million, exclusive of transaction costs. The purchase price will be paid with the $9.8 million in net proceeds from the sale of the South Brunswick land and cash balances maintained by FREIT. Under the terms of the acquisition agreement, FREIT is required to pay a $500,000 deposit into an escrow account; $250,000 payable upon execution of the acquisition agreement, which was May 7, 2014, and $250,000 on the expiration of the due diligence period which is June 16, 2014. FREIT is currently in the process of completing its due diligence review. If FREIT’s due diligence is satisfactory to it, a closing of the acquisition is expected to take place 30 days after satisfaction or waiver of all contingencies set forth in the agreement, but in no event later than June 18, 2014.

Subsequent event

6 Months Ended

Apr. 30, 2014

Note 13 – Subsequent event:

On May 7, 2014, FREIT entered into a contract to acquire The Regency Club, a residential apartment complex located in Middletown, New York, from The Regency at Wallkill, LLC, a party unaffiliated with FREIT. The apartment complex consists of 132 units in 11 buildings and a clubhouse.

On December 20, 2013, FREIT sold its South Brunswick land for approximately $11 million. The sale was structured as a like-kind exchange of real estate pursuant to Section 1031 of the Internal Revenue Code. A like-kind exchange for replacement real estate, if completed, will result in a deferral for income tax purposes of the $8.7 million capital gain, realized from the sale of the South Brunswick land. The net proceeds from this sale were approximately $9.8 million. The Regency Club has been identified as the replacement property in this like-kind exchange.

The contract price for this acquisition is $22 million, exclusive of transaction costs. The purchase price will be paid with the $9.8 million in net proceeds from the sale of the South Brunswick land and cash balances maintained by FREIT.

Under the terms of the acquisition agreement, FREIT is required to pay a $500,000 deposit into an escrow account; $250,000 payable upon execution of the acquisition agreement, which was May 7, 2014, and $250,000 on the expiration of the due diligence period which is June 16, 2014. FREIT is currently in the process of completing its due diligence review. If FREIT’s due diligence is satisfactory to it, a closing of the acquisition is expected to take place 30 days after satisfaction or waiver of all contingencies set forth in the agreement, but in no event later than June 18, 2014.