Capitalized interest

3 Months Ended

Jan. 31, 2016

Capitalized interest [Abstract]

Capitalized interest

Note 6 – Capitalized interest

Interest costs associated with amounts expended at the Grande Rotunda development are capitalized and included in the cost of the project. Interest capitalized during the three-month period ended January 31, 2016 and 2015 amounted to approximately $811,000 and $421,000, respectively.