Subsequent event

3 Months Ended

Jan. 31, 2015

Subsequent event [Abstract]

Subsequent event

Note 16 – Subsequent event:

On February 17, 2015, FREIT announced that it has commenced a tender offer to purchase up to 100,000 shares of beneficial interest in the Company at a price of $23.00 per share, which it intends to fund principally from cash and cash equivalents.  The number of shares proposed to be purchased in the tender offer represents approximately 1.5% of FREIT's currently outstanding shares.

FREIT's Trustees and executive officers have advised FREIT that they do not intend to tender their shares of beneficial interest in FREIT in the tender offer.