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COMMITMENTS AND CONTINGENCIES (Details) (USD $)
3 Months Ended 12 Months Ended 3 Months Ended 12 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended
Jul. 31, 2014
Unit
Property
sqft
Jul. 31, 2013
Jul. 31, 2014
Commons at Southgate, Minot, North Dakota [Member]
Unit
Jul. 31, 2014
Bismarck, North Dakota [Member]
Property One [Member]
Unit
Jul. 31, 2014
Bismarck, North Dakota [Member]
Property Two [Member]
Unit
Jul. 31, 2014
Cardinal Point, Grand Forks, North Dakota [Member]
Unit
Jul. 31, 2014
Cypress Court - St. Cloud, MN [Member]
Unit
Jul. 31, 2014
Grand Forks, ND [Member]
Unit
Jul. 31, 2014
Arcata Apartments, Golden Valley, Minnesota [Member]
Unit
Jul. 31, 2014
Chateau II, Minot, North Dakota [Member]
Unit
Apr. 30, 2014
Chateau II, Minot, North Dakota [Member]
Apr. 30, 2014
Fargo, ND [Member]
Apr. 30, 2014
St. Cloud, MN [Member]
Jul. 31, 2014
Deer Ridge - Jamestown, ND [Member]
Unit
Jul. 31, 2014
RED 20 - Minneapolis, MN [Member]
sqft
Unit
Apr. 30, 2014
Maple Grove, MN [Member]
Jul. 31, 2014
71 France Phase I - Edina, MN [Member]
Unit
Jul. 31, 2014
71 France Phase I - Edina, MN [Member]
Footnote (7) [Member]
Jul. 31, 2014
PrairieCare Medical - Brooklyn Park, MN [Member]
sqft
Jul. 31, 2014
Renaissance Heights I Apartments, Williston, North Dakota [Member]
Unit
Jul. 31, 2014
Renaissance Heights I Apartments, Williston, North Dakota [Member]
Project Phase One [Member]
Jul. 31, 2014
Edina 6565 France SMC III - Edina, MN [Member]
sqft
Jul. 31, 2014
Minot Wells Fargo Bank - Minot, ND [Member]
sqft
Jul. 31, 2014
Roseville 3075 Long Lake Rd - Roseville, MN [Member]
sqft
Jul. 31, 2014
Vacant land in Monticello, MN [Member]
sqft
Jul. 31, 2014
Other [Member]
Real Estate Properties [Line Items]                                                    
Number of properties subject to purchase options 15                                                  
Total property cost subject to purchase options $ 120,500,000                                                  
Total gross rental revenue from properties subject to purchase options 2,600,000                                                  
Number of properties subject to restrictions on taxable dispositions 110                                                  
Area of a real estate property 5,300,000                           10,625 [1]       75,000     72,012 4,998 202,807 12,700,000  
Number of apartment units placed in service 5,106     68 119     74                                    
Real estate investment amount of properties (net of accumulated depreciation) 827,500,000                                                  
Redemption basis one-for-one                                                  
Period to hold the beneficial interest, minimum 1 year                                                  
Number of consecutive trading days for valuation 10 days                                                  
Aggregate redemption value of UPREIT Units of operating partnership owned by limited partners 154,400,000 197,700,000                                                
Joint ventures partner's interest acquired 0                                                  
Tenant Improvements 8,700,000                                                  
Commitment period for tenant improvements 12 months                                                  
Number of apartment units     233 [2]     251 66 [3]   165 72 [4]       163 130 [1]   109     288 [5]            
Anticipated Total Cost 354,552,000   37,201,000 [2]     40,042,000 7,028,000 [3]   33,448,000 14,711,000 [4]       24,519,000 29,462,000 [1]   29,660,000 69,900,000 [6] 24,251,000 62,362,000 [5]   34,665,000 3,288,000 13,915,000    
Project costs incurred to date 153,964,000 [7]   33,218,000 [2],[7]     9,333,000 [7] 3,168,000 [3],[7]   19,048,000 [7] 5,681,000 [4],[7]       1,793,000 [7] 20,399,000 [1],[7]   4,255,000 [7]   4,486,000 [7] 44,251,000 [5],[7] 23,000,000 [5] 4,204,000 [7] 1,550,000 [7] 2,578,000 [7]   874,000 [7]
Estimated quarter for completion 189,193,000   24,480,000 [2]     24,500,000 4,200,000 [3]   24,250,000 0 [4]       0 21,726,000 [1]   20,365,000   15,000,000 43,672,000 [5]   0 0 11,000,000    
Estimated year for completion     FY2015 Q2 [2]     FY2016 Q1 FY2015 Q3 [3]   FY2015 Q3 FY2016 Q1 [4]       FY2016 Q2 FY2015 Q3 [1]   FY2016 Q1   FY2016 Q2 FY2015 Q4 [5]   FY2016 Q2 FY2015 Q2 FY2015 Q4    
Interest in joint venture (in hundredths)     52.90% [2]       86.10% [3]               58.60% [1]   55.30% 51.00% [6]   70.00% [5]            
Insurance proceeds receivable                     4,000,000 [4]                              
Construction interest capitalized 1,000,000 580,000                                                
Purchase Price of Pending Acquisition       8,500,000 15,000,000     9,300,000                                 1,700,000  
Value of limited partnership units       100,000 700,000     400,000                                    
Sales price of pending disposition                       2,800,000 4,500,000     7,200,000                    
Cash paid for acquisition       $ 8,400,000 $ 14,300,000     $ 8,900,000                                 $ 1,700,000  
[1] 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.
[2] The Company is an approximately 52.9% partner in the joint venture entity constructing this project; the anticipated total cost amount given is the total cost to the joint venture entity.
[3] The Company is an approximately 86.1% partner in the joint venture entity constructing this project; the anticipated total cost amount given is the total cost to the joint venture entity.
[4] On December 5, 2013, this development project was destroyed by fire. As of July 31, 2014, $4.0 million of expected insurance proceeds were included in accounts receivable on the Company’s consolidated balance sheet. See Note 2 for additional information.
[5] 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.
[6] The Company is currently an approximately 55.3% partner in the joint venture entity constructing this project. The project will be constructed in three phases, and at the conclusion of construction of the third phase, the Company will have an approximately 50.5% interest in the project. The anticipated total cost amount given in the table above is the total cost to the joint venture entity of the project’s first phase. The expected total project cost for all three phases is approximately $69.9 million for a total of approximately 241 residential units and approximately 21,772 square feet of commercial retail space.
[7] Includes costs related to development projects that are placed in service in phases (Renaissance Heights I - $23.0 million).