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DISCONTINUED OPERATIONS (Tables)
 12 Months Ended
Apr. 30, 2015
DISCONTINUED OPERATIONS [Abstract]  
Effect on Net Income and Gains or Losses From Sale Of Properties Classified as Discontinued Operations
The following information shows the effect on net income and the gains or losses from the sale of properties classified as discontinued operations for the fiscal years ended April 30, 2014 and 2013.
 
  
(in thousands)
 
  
2014
  
2013
 
REVENUE
    
Real estate rentals
 
$
3,173
  
$
10,068
 
Tenant reimbursement
  
1,302
   
3,099
 
TOTAL REVENUE
  
4,475
   
13,167
 
EXPENSES
        
Depreciation/amortization related to real estate investments
  
920
   
3,169
 
Utilities
  
164
   
447
 
Maintenance
  
299
   
1,029
 
Real estate taxes
  
951
   
2,276
 
Insurance
  
97
   
218
 
Property management expenses
  
222
   
520
 
Other property expenses
  
0
   
16
 
Amortization related to non-real estate investments
  
90
   
247
 
Impairment of real estate investments
  
1,860
   
305
 
TOTAL EXPENSES
  
4,603
   
8,227
 
Operating (loss) income
  
(128
)
  
4,940
 
Interest expense
  
(421
)
  
(2,532
)
Other income
  
0
   
2
 
(Loss) income from discontinued operations before gain on sale
  
(549
)
  
2,410
 
Gain on sale of discontinued operations
  
6,999
   
6,885
 
INCOME FROM DISCONTINUED OPERATIONS
 
$
6,450
  
$
9,295
 
Segment Data
        
Multi-Family Residential
 
$
(99
)
 
$
3,712
 
Office
  
(1,794
)
  
314
 
Healthcare
  
0
   
3,416
 
Industrial
  
8,923
   
2,118
 
Retail
  
(580
)
  
(265
)
Total
 
$
6,450
  
$
9,295
 

  
(in thousands)
 
  
2014
  
2013
 
Property Sale Data
    
Sales price
 
$
80,883
  
$
26,273
 
Net book value and sales costs
  
(73,884
)
  
(19,388
)
Gain on sale of discontinued operations
 
$
6,999
  
$
6,885
 

 
(in thousands)
 
 
   
2014
  
2013
 
Asset and Liability Data
    
Total assets
 
$
0
  
$
72,631
 
Total liabilities
  
0
   
(1,335
)