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Capitalized interest
6 Months Ended
Apr. 30, 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 six months ended April 30, 2016 and 2015 amounted to approximately $1,695,000 and $933,000, respectively, and $884,000 and $512,000 for the three months ended April 30, 2016 and 2015, respectively. Capitalization of interest will cease upon substantial completion of the project which is estimated to occur in third quarter 2016.