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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Jan. 31, 2012
Jan. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 5,585 $ 24,041
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 46,328 45,951
Gain on sale of real estate, land and other investments (589) (19,365)
Impairment of real estate investments 135 0
Bad debt expense 771 487
Changes in other assets and liabilities:    
Increase in receivable arising from straight-lining of rents (3,370) (1,441)
Decrease (increase) in accounts receivable 946 (4,033)
Increase in prepaid and other assets (1,756) (1,663)
(Increase) decrease in tax, insurance and other escrow (901) 630
Increase in deferred charges and leasing costs (5,480) (5,015)
Increase (decrease) in accounts payable, accrued expenses, and other liabilities 2,759 (1,208)
Net cash provided by operating activities 44,428 38,384
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from real estate deposits 1,640 2,297
Payments for real estate deposits (1,889) (2,035)
Principal proceeds on mortgage loans receivable 159 1
(Increase) decrease in other investments (8) 95
Decrease in lender holdbacks for improvements 5,056 968
Increase in lender holdbacks for improvements (315) (10,764)
Proceeds from sale of real estate - discontinued operations 2,088 81,539
Proceeds from sale of real estate and other investments 438 0
Insurance proceeds received 5,644 329
Payments for acquisitions and improvements of real estate investments (101,791) (55,437)
Net cash (used) provided by investing activities (88,978) 16,993
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from mortgages payable 84,195 97,654
Principal payments on mortgages payable (53,661) (160,632)
Principal payments on revolving line of credit and other debt (60) (25,650)
Proceeds from revolving line of credit and other debt 24,227 36,300
Proceeds from sale of common shares, net of issue costs 2,970 16,384
Proceeds from sale of common shares under distribution reinvestment and share purchase program 20,778 1,774
Repurchase of fractional shares and partnership units (13) (10)
Payments for acquisition of noncontrolling interests - consolidated real estate entities (1,289) (425)
Distributions paid to common shareholders, net of reinvestment of $7,548 and $7,831, respectively (27,885) (32,300)
Distributions paid to preferred shareholders (1,779) (1,779)
Distributions paid to noncontrolling interests - Unitholders of the Operating Partnership, net of reinvestment of $504 and $525, respectively (8,009) (9,840)
Distributions paid to noncontrolling interests - consolidated real estate entities (586) (737)
Distributions paid to redeemable noncontrolling interests - consolidated real estate entities (27) 0
Net cash provided (used) by financing activities 38,861 (79,261)
NET DECREASE IN CASH AND CASH EQUIVALENTS (5,689) (23,884)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 41,191 54,791
CASH AND CASH EQUIVALENTS AT END OF PERIOD 35,502 30,907
SUPPLEMENTARY SCHEDULE OF NON-CASH INVESTING AND FINANCING    
Distribution reinvestment plan 7,548 7,831
Operating partnership distribution reinvestment plan 504 525
Real estate investment acquired through the issuance of operating partnership units 2,469 3,252
Operating partnership units converted to shares 3,454 6,007
Real estate investment acquired through assumption of indebtedness and accrued costs 7,190 4,288
Adjustments to accounts payable included within real estate investments (3,244) (1,421)
Noncontrolling partnership interest 2,227 0
Fair value adjustments to redeemable noncontrolling interests 35 (570)
Involuntary conversion of assets due to flood damage 2,638 0
Construction debt reclassified to mortgages payable 7,190 0
Cash paid during the year for:    
Interest on mortgages 45,321 48,340
Interest other 2,098 892
Cash paid during the period, total $ 47,419 $ 49,232