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Real estate

12 Months Ended

Oct. 31, 2014

Note 4 - Real estate:

Real estate consists of the following:

	Range of
	Estimated	October 31,
	Useful Lives	2014		2013
		(In Thousands of Dollars)
Land		$	79,435	$	76,602
Unimproved land			354		883
Apartment buildings	7-40 years		101,968		81,972
Commercial buildings/shopping centers	15-50 years		119,027		118,253
Equipment/Furniture	3-15 years		3,102		2,967
			303,886		280,677
Less accumulated depreciation			81,569		75,226
Totals		$	222,317	$	205,451

- 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.

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