CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Operating activities:
Net income	$ 1,313	$ 9,818
Adjustments to reconcile net income to net cash provided by operating activities (including discontinued operations):
Depreciation	1,647	1,520
Amortization	159	154
Stock based compensation expense	23
Trustee fees and related interest payable in stock units	187
Net amortization of acquired leases	1	5
Gain on sale of discontinued operations		(8,693)
Changes in operating assets and liabilities:
Tenants' security accounts	93	10
Accounts and straight-line rents receivable, prepaid expenses and other assets	(64)	64
Accounts payable, accrued expenses and deferred trustee compensation	1,343	448
Deferred revenue	(62)	(12)
Net cash provided by operating activities	4,640	3,314
Investing activities:
Capital improvements - existing properties	(1,057)	(2,055)
Construction and pre-development costs	(16,449)	(2,679)
Net cash used in investing activities	(17,506)	(4,734)
Financing activities:
Repayment of mortgages and construction loan	(1,001)	(12,226)
Repayment of credit line	(5,000)
Proceeds from mortgage loan refinancings	16,200	19,700
Proceeds from construction loan	15,193	19,000
Deferred financing costs	(318)	(2,573)
Dividends paid	(2,049)	(4,582)
Repurchase of Company stock-Treasury shares		(357)
Distributions to noncontrolling interests	(300)	(255)
Net cash provided by financing activities	22,725	18,707
Net increase in cash and cash equivalents	9,859	17,287
Cash and cash equivalents, beginning of period	10,554	7,801
Cash and cash equivalents, end of period	20,413	25,088
Supplemental disclosure of cash flow data:
Interest paid, net of amounts capitalized	2,571	2,680
Investing activities:
Proceeds from sale of discontinued operation, held in escrow pending 1031 exchange		9,770
Accrued capital expenditures, construction costs, pre-development costs and interest	5,226	2,043
Financing activities:
Dividends declared but not paid	$ 2,046	$ 2,077