CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Jan. 31, 2015	Oct. 31, 2014
ASSETS
Real estate, at cost, net of accumulated depreciation	$ 221,721	$ 222,317
Construction in progress	65,565	50,146
Cash and cash equivalents	20,413	10,554
Tenants' security accounts	1,520	1,590
Receivables arising from straight-lining of rents	3,793	3,869
Accounts receivable, net of allowance for doubtful accounts	1,899	1,673
Secured loans receivable	5,451	5,451
Prepaid expenses and other assets	3,930	4,059
Deferred charges, net	5,199	5,143
Interest rate swap contract		515
Total Assets	329,491	305,317
Liabilities:
Mortgages payable	277,242	251,552
Deferred trustee compensation payable	9,078	9,017
Accounts payable and accrued expenses	9,354	9,495
Dividends payable	2,046	2,046
Tenants' security deposits	2,342	2,319
Deferred revenue	924	1,042
Interest rate swap contract, net	1,634
Total Liabilities	302,620	275,471
Commitments and contingencies
Common equity:
Shares of beneficial interest without par value: 8,000,000 shares authorized; 6,993,152 shares issued	25,195	24,985
Treasury stock, at cost: 171,981 shares @ January 31, 2015 and October 31, 2014	(3,348)	(3,348)
Dividends in excess of net income	(7,271)	(6,270)
Accumulated other comprehensive (loss) income	(1,533)	360
Total Common Equity	13,043	15,727
Noncontrolling interests in subsidiaries	13,828	14,119
Total Equity	26,871	29,846
Total Liabilities and Equity	$ 329,491	$ 305,317