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ACQUISITIONS, DEVELOPMENTS PLACED IN SERVICE AND DISPOSITIONS (Details) (USD $)
3 Months Ended 9 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended
Jul. 31, 2014
sqft
Jul. 31, 2013
Jan. 31, 2014
Multi-Family Residential [Member]
Property
Jan. 31, 2014
Commercial Office [Member]
Property
Jan. 31, 2014
Commercial Industrial [Member]
Property
Jul. 31, 2014
Acquisitions [Member]
Jul. 31, 2013
Acquisitions [Member]
Jul. 31, 2014
Acquisitions [Member]
Multi-Family Residential [Member]
Jul. 31, 2013
Acquisitions [Member]
Multi-Family Residential [Member]
Jul. 31, 2014
Acquisitions [Member]
Unimproved Land [Member]
Jul. 31, 2013
Acquisitions [Member]
Unimproved Land [Member]
Jul. 31, 2014
Acquisitions [Member]
71 France Phase I - Edina, MN [Member]
Unimproved Land [Member]
Jul. 31, 2013
Acquisitions [Member]
Alps Park - Rapid City, SD [Member]
Multi-Family Residential [Member]
Unit
Jul. 31, 2013
Acquisitions [Member]
Chateau II - Minot, ND [Member]
Unimproved Land [Member]
Jul. 31, 2014
Acquisitions [Member]
Creekside Crossing - Bismarck, ND [Member]
Unimproved Land [Member]
Jul. 31, 2014
Acquisitions [Member]
Homestead Garden - Rapid City, SD [Member]
Multi-Family Residential [Member]
Unit
Jul. 31, 2014
Acquisitions [Member]
PrairieCare Medical - Brooklyn Park, MN [Member]
Unimproved Land [Member]
Jul. 31, 2014
Acquisitions [Member]
Silver Springs - Rapid City, SD [Member]
Multi-Family Residential [Member]
Unit
Jul. 31, 2014
Development Projects Placed in Service [Member]
Jul. 31, 2014
Development Projects Placed in Service [Member]
Dakota Commons - Williston, ND [Member]
Multi-Family Residential [Member]
Apr. 30, 2014
Development Projects Placed in Service [Member]
Dakota Commons - Williston, ND [Member]
Multi-Family Residential [Member]
Unit
Apr. 30, 2013
Development Projects Placed in Service [Member]
Dakota Commons - Williston, ND [Member]
Multi-Family Residential [Member]
Jul. 31, 2014
Dispositions [Member]
Jul. 31, 2014
Dispositions [Member]
Commercial Office [Member]
Jul. 31, 2014
Dispositions [Member]
Commercial Retail [Member]
Jul. 31, 2014
Dispositions [Member]
Commercial Industrial [Member]
Jul. 31, 2014
Dispositions [Member]
Dewey Hill - Edina, MN [Member]
Commercial Office [Member]
Apr. 30, 2014
Dispositions [Member]
Dewey Hill - Edina, MN [Member]
Commercial Office [Member]
sqft
Jul. 31, 2014
Dispositions [Member]
Eagan 2785 & 2795 - Eagan, MN [Member]
Commercial Industrial [Member]
Apr. 30, 2014
Dispositions [Member]
Eagan 2785 & 2795 - Eagan, MN [Member]
Commercial Industrial [Member]
sqft
Jul. 31, 2014
Dispositions [Member]
Weston Retail Weston WI [Member]
Commercial Retail [Member]
Apr. 30, 2014
Dispositions [Member]
Weston Retail Weston WI [Member]
Commercial Retail [Member]
sqft
Acquisitions and development projects placed in service [Abstract]                                                                
Transaction costs expensed $ 75,000 $ 101,000                                                            
Date Acquisition                       Jun. 12, 2014 [1] May 01, 2013 May 21, 2013 May 22, 2014 Jun. 02, 2014 [2] Jun. 05, 2014 Jun. 02, 2014                            
Date placed in service                                       Jul. 15, 2014 [3],[4]                        
Total acquisition cost           26,578,000 6,379,000 18,280,000 6,200,000 8,298,000 179,000 1,413,000 [1] 6,200,000 179,000 4,269,000 15,000,000 [2] 2,616,000 3,280,000                            
Cash           12,996,000 3,099,000 6,111,000 2,920,000 6,885,000 179,000 0 [1] 2,920,000 179,000 4,269,000 5,092,000 [2] 2,616,000 1,019,000                            
Units             3,280,000 [5]   3,280,000 [5]   0 [5]   3,280,000 [5] 0 [5]                                    
Other 3,212,000 [6]         13,582,000 [6]   12,169,000 [6]   1,413,000 [6]   1,413,000 [1],[6]     0 [6] 9,908,000 [2],[6] 0 [6] 2,261,000 [6]                            
Land           9,168,000 466,000 870,000 287,000 8,298,000 179,000 1,413,000 [1] 287,000 179,000 4,269,000 655,000 [2] 2,616,000 215,000 823,000 [3] 823,000 [3],[4]                        
Building           17,145,000 5,551,000 17,145,000 5,551,000 0 0 0 [1] 5,551,000 0 0 14,139,000 [2] 0 3,006,000 9,442,000 [3] 9,442,000 [3],[4]                        
Intangible assets           265,000 362,000 265,000 362,000 0 0 0 [1] 362,000 0 0 206,000 [2] 0 59,000                            
Development costs of projects placed in service                                     10,265,000 [3] 10,265,000 [3],[4] 2,200,000 [3],[4] 8,100,000 [3],[4]                    
Number of units                         71     152 [2]   52     44 [3],[4]                      
Interest held (in hundredths)                       5530.00% [1]                                        
Goodwill, Acquired During Period 852,000                             852,000,000 [2]                                
Noncash or Part Noncash Acquisition, Debt Assumed                               9,900,000 [2]   2,300,000                            
JV Partner Contributions                       1,400,000 [1]                                        
Area of property 5,300,000                                                              
Results of operations from acquired properties [Abstract]                                                                
Total revenue 362,000 186,000                                                            
Net (loss) income 20,000 (108,000)                                                            
Dispositions [Abstract]                                                                
Date disposed                                                     May 19, 2014   Jul. 15, 2014   Jul. 28, 2014  
Sales price                                             6,700,000 3,100,000 0 3,600,000 3,100,000   3,600,000   0  
Book value and sales cost                                             9,693,000 3,124,000 1,176,000 5,393,000 3,124,000   5,393,000   1,176,000  
Gain/(Loss)                                             $ (2,993,000) $ (24,000) $ (1,176,000) $ (1,793,000) $ (24,000)   $ (1,793,000)   $ (1,176,000)  
Number of properties sold     2 3 12                                                      
Area of a real estate property (in square feet)                                                       73,338   198,600   25,644
[1] Land is owned by a joint venture in which the Company has an approximately 55.3% interest. The joint venture is consolidated in IRET’s financial statements.
[2] At acquisition the Company adjusted the assumed debt to fair value and recognized approximately $ 852,000 of goodwill.
[3] Development projects that are placed in service in phases are excluded from this table until the entire project has been placed in service. See Note 6 for additional information on the Renaissance Heights I project, which was partially placed in service during the fiscal year 2014 and the three months ended July 31, 2014.
[4] Development property placed in service July 15, 2014. Costs paid in fiscal year 2014 totaled $8.1 million, including the land acquired in fiscal year 2013. Additional costs paid in fiscal year 2015 totaled $2.2 million, for a total project cost at July 31, 2014 of $10.3 million.
[5] Value of limited partnership units of the Operating Partnership at the acquisition date.
[6] Consists of assumed debt (Homestead Garden I - $6.7 million, Homestead Garden II - $3.2 million, Silver Springs - $2.3 million) and value of land contributed by the joint