Subsequent event

9 Months Ended

Jul. 31, 2015

Subsequent event [Abstract]

Subsequent event

Note 16 – Subsequent event:

On August 24, 2015, FREIT issued a press release announcing that FREIT has entered into an agreement to purchase a 124 unit garden apartment community in Maywood, New Jersey. The acquisition is subject to FREIT's conclusion of its due diligence/feasibility study period. If FREIT is satisfied with the results of the due diligence review, the acquisition is expected to close in October 2015.