Development, Expansion and Renovation Projects. As of January 31, 2014, the Company had several development, expansion and renovation projects underway or recently completed, the costs for which have been capitalized, as follows:

			(in thousands)				Final or Anticipated Construction Completion
Project Name and Location	Planned Segment	Total Rentable Square Feet or Number of Units	Anticipated Total Cost		Costs as of January 31, 2014		Quarter	Fiscal Year
River Ridge - Bismarck, ND⁽¹⁾	Multi-Family Residential	146 units	$	25,863	$	24,818	3	2014
Cypress Court - St. Cloud, MN⁽²⁾	Multi-Family Residential	132 units		14,322		13,583	3	2014
Dakota Commons - Williston, ND	Multi-Family Residential	44 units		10,736		6,139	1	2015
Commons at Southgate - Minot, ND⁽³⁾	Multi-Family Residential	233 units		37,201		23,492	2	2015
Renaissance Heights I - Williston, ND⁽⁴⁾	Multi-Family Residential	288 units		62,362		33,934	2	2015
Arcata - Golden Valley, MN	Multi-Family Residential	165 units		33,151		9,250	2	2015
RED 20 - Minneapolis, MN⁽⁵⁾	Multi-Family Residential and Commercial	130 units and 10,625 sq ft		29,462		9,333	2	2015
Chateau II - Minot, ND⁽⁶⁾	Multi-Family Residential	72 units		14,711		1,741	4	2015
Cardinal Point - Grand Forks, ND	Multi-Family Residential	251 units		40,042		4,986	4	2015
			$	267,850	$	127,276

(1)	The project was substantially completed in the third quarter of the Company's fiscal year 2014.

(2)

The project was substantially completed in the third quarter of the Company's fiscal year 2014.The Company is an approximately 86% partner in the joint venture entity constructing this project; the anticipated total cost amount given is the total cost to the joint venture entity. The joint venture's results are consolidated in the Company's financial statements.

(3)	The Company is an approximately 51% partner in the joint venture entity constructing this project; the anticipated total cost amount given is the total cost to the joint venture entity. The joint venture's results are consolidated in the Company's financial statements.

(4)	The Company is an approximately 70% partner in the joint venture entity constructing this project; the anticipated total cost amount given is the total cost to the joint venture entity. The joint venture's results are consolidated in the Company's financial statements.

(5)	The Company is an approximately 58.6% partner in the joint venture entity constructing this project; the anticipated total cost amount given is the total cost to the joint venture entity. The joint venture's results are consolidated in the Company's financial statements.

(6)	On December 5, 2013, this development project was destroyed by fire. See Note 2 for additional information.