CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Operating activities:
Net income	$ 2,831	$ 11,466
Adjustments to reconcile net income to net cash provided by operating activities (including discontinued operations):
Depreciation	4,985	4,654
Amortization	548	$ 494
Stock based compensation expense	71
Trustee fees and related interest payable in stock units	571
Net amortization of acquired leases	$ 1	$ 16
Gain on sale of discontinued operation		(8,734)
Changes in operating assets and liabilities:
Tenants' security accounts	$ 145	28
Accounts and straight-line rents receivable, prepaid expenses and other assets	(78)	(904)
Accounts payable, accrued expenses and deferred trustee compensation	(1,096)	993
Deferred revenue	(321)	(85)
Net cash provided by operating activities	7,657	7,928
Investing activities:
Capital improvements - existing properties	$ (2,997)	(3,236)
Regency acquisition - net of proceeds held in escrow		(10,855)
Construction and pre-development costs	$ (37,806)	(22,244)
Secured loans receivable to noncontrolling interest		(2,128)
Net cash used in investing activities	$ (40,803)	(38,463)
Financing activities:
Repayment of mortgages and construction loan	(3,075)	(12,268)
Repayment of credit line	(5,000)	(2,000)
Proceeds from mortgage loan refinancings	16,200	19,700
Proceeds from construction loan	$ 38,170	31,928
Proceeds from credit line		10,000
Deferred financing costs	$ (361)	(2,582)
Dividends paid	(6,116)	(8,734)
Repurchase of Company stock-Treasury shares	$ (2,169)	(357)
Additional investment by noncontrolling interest		2,128
Distributions to noncontrolling interests	$ (426)	(765)
Net cash provided by financing activities	37,223	37,050
Net increase in cash and cash equivalents	4,077	6,515
Cash and cash equivalents, beginning of period	10,554	7,801
Cash and cash equivalents, end of period	14,631	14,316
Supplemental disclosure of cash flow data:
Interest paid, net of amounts capitalized	$ 7,684	7,503
Investing activities:
Proceeds from sale of discontinued operation, held in escrow applied to 1031 replacement property		9,768
Accrued capital expenditures, construction costs, pre-development costs and interest	$ 6,371	4,986
Financing activities:
Dividends declared but not paid	$ 2,018	$ 2,077