XML 127 R52.htm IDEA: XBRL DOCUMENT v2.4.0.8
LINE OF CREDIT (Details) (USD $)
12 Months Ended
Apr. 30, 2013
Apr. 30, 2012
Line of Credit Facility [Line Items]    
Line of credit, minimum outstanding principal balance $ 10,000,000  
Debt instrument, description of variable rate basis Journal Prime Rate  
Debt instrument, basis spread on variable rate (in hundredths) 1.25%  
Debt instrument, covenant description The line of credit may be prepaid at par at any time. The facility includes covenants and restrictions requiring the Company to achieve on a calendar quarter basis a debt service coverage ratio on borrowing base collateral of 1.25x in the aggregate and 1.00x on individual assets in the collateral pool  
Minimum deposit 6,000,000  
Non-interest bearing account 1,500,000  
Line of credit facility, collateral cost 117,300,000  
Number of properties securing line of credit 23  
Credit Facility [Abstract]    
Amount Available 60,000,000  
First International Bank & Trust [Member]
   
Line of Credit Facility [Line Items]    
Number of securing line of credit 1  
Credit Facility [Abstract]    
Amount Available 60,000,000  
Amount Outstanding $ 10,000,000 $ 39,000,000
Interest rate (in hundredths) 5.15%  
Maturity Date Aug. 12, 2014  
Weighted Average Interest Rate (in hundredths) 5.17%  
Interest Rate Cap [Member]
   
Line of Credit Facility [Line Items]    
Debt instrument, interest rate (in hundredths) 8.65%  
Interest Rate Floor [Member]
   
Line of Credit Facility [Line Items]    
Debt instrument, interest rate (in hundredths) 5.15%