CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 31, 2015	Oct. 31, 2014
ASSETS
Real estate, at cost, net of accumulated depreciation	$ 219,430	$ 222,317
Construction in progress	101,415	50,146
Cash and cash equivalents	13,500	10,554
Tenants' security accounts	1,728	1,590
Receivables arising from straight-lining of rents, net of allowance for loss in 2015	2,604	3,869
Accounts receivable, net of allowance for doubtful accounts	2,105	1,673
Secured loans receivable	5,451	5,451
Prepaid expenses and other assets	4,555	4,059
Deferred charges, net	$ 1,327	1,381
Interest rate swap contract		515
Total Assets	$ 352,115	301,555
Liabilities:
Mortgages payable	307,899	251,552
Less unamortized debt issuance costs	3,129	3,762
Mortgages payable, net (Note 5)	304,770	247,790
Deferred trustee compensation payable	9,078	9,017
Accounts payable and accrued expenses	10,305	9,495
Dividends payable	2,018	2,046
Tenants' security deposits	2,561	2,319
Deferred revenue	1,080	$ 1,042
Interest rate swap contracts	1,066
Total Liabilities	$ 330,878	$ 271,709
Commitments and contingencies (Note 8)
Common equity:
Shares of beneficial interest without par value: 8,000,000 shares authorized; 6,993,152 shares issued	$ 25,860	$ 24,985
Treasury stock, at cost: 266,283 shares at October 31, 2015 and 171,981 shares at October 31, 2014	(5,517)	(3,348)
Dividends in excess of net income	(11,769)	(6,270)
Accumulated other comprehensive income (loss)	(1,030)	360
Total Common Equity	7,544	15,727
Noncontrolling interests in subsidiaries	13,693	14,119
Total Equity	21,237	29,846
Total Liabilities and Equity	$ 352,115	$ 301,555