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ACQUISITIONS, DEVELOPMENT PROJECTS PLACED IN SERVICE AND DISPOSITIONS, ACQUISITIONS (Details)
 12 Months Ended
Apr. 30, 2015
USD ($)
Unit
Apr. 30, 2014
USD ($)
ft²
Unit
Business Acquisition [Line Items]    
Transaction costs expensed during the period $ 216,000 $ 176,000
Acquisitions and development projects placed in service [Abstract]    
Total acquisition costs 56,297,000 43,580,000
Form of consideration, cash 38,606,000 38,200,000
Form of consideration, units [1] 800,000 3,480,000
Form of consideration, other 16,891,000 [2] 1,900,000 [3]
Investment allocation, land 17,478,000 8,034,000
Investment allocation, building 38,403,000 34,646,000
Investment allocation, intangible assets 416,000 900,000
Goodwill, acquired during period 852,000  
Results of operations from acquired properties [Abstract]    
Total revenue 2,565,000 1,897,000
Net income (1,000) (82,000)
Multi-Family Residential [Member]    
Acquisitions and development projects placed in service [Abstract]    
Total acquisition costs 41,780,000 19,600,000
Form of consideration, cash 28,811,000 16,120,000
Form of consideration, units [1] 800,000 3,480,000
Form of consideration, other 12,169,000 [2] 0 [3]
Investment allocation, land 2,961,000 1,447,000
Investment allocation, building 38,403,000 17,635,000
Investment allocation, intangible assets $ 416,000 $ 518,000
Multi-Family Residential [Member] | Homestead Garden - Rapid City, SD [Member]    
Acquisitions and development projects placed in service [Abstract]    
Date acquired [4] Jun. 02, 2014  
Total acquisition costs [4] $ 15,000,000  
Form of consideration, cash [4] 5,092,000  
Form of consideration, units [1],[4] 0  
Form of consideration, other [2],[4] 9,908,000  
Investment allocation, land [4] 655,000  
Investment allocation, building [4] 14,139,000  
Investment allocation, intangible assets [4] $ 206,000  
Number of apartment units | Unit [4] 152  
Goodwill, acquired during period $ 852,000  
Assumed debt $ 9,908,000  
Multi-Family Residential [Member] | Silver Springs - Rapid City, SD [Member]    
Acquisitions and development projects placed in service [Abstract]    
Date acquired Jun. 02, 2014  
Total acquisition costs $ 3,280,000  
Form of consideration, cash 1,019,000  
Form of consideration, units [1] 0  
Form of consideration, other [2] 2,261,000  
Investment allocation, land 215,000  
Investment allocation, building 3,006,000  
Investment allocation, intangible assets $ 59,000  
Number of apartment units | Unit 52  
Assumed debt $ 2,261,000  
Multi-Family Residential [Member] | Northridge - Bismarck, ND [Member]    
Acquisitions and development projects placed in service [Abstract]    
Date acquired Sep. 12, 2014  
Total acquisition costs $ 8,500,000  
Form of consideration, cash 8,400,000  
Form of consideration, units [1] 100,000  
Form of consideration, other [2] 0  
Investment allocation, land 884,000  
Investment allocation, building 7,516,000  
Investment allocation, intangible assets $ 100,000  
Number of apartment units | Unit 68  
Multi-Family Residential [Member] | Legacy Heights - Bismarck, ND [Member]    
Acquisitions and development projects placed in service [Abstract]    
Date acquired [5] Mar. 19, 2015  
Total acquisition costs [5] $ 15,000,000  
Form of consideration, cash [5] 14,300,000  
Form of consideration, units [1],[5] 700,000  
Form of consideration, other [2],[5] 0  
Investment allocation, land [5] 1,207,000  
Investment allocation, building [5] 13,742,000  
Investment allocation, intangible assets [5] $ 51,000  
Number of apartment units | Unit [5] 119  
Multi-Family Residential [Member] | Alps Park - Rapid City, SD [Member]    
Acquisitions and development projects placed in service [Abstract]    
Date acquired   May 01, 2013
Total acquisition costs   $ 6,200,000
Form of consideration, cash   2,920,000
Form of consideration, units [1]   3,280,000
Form of consideration, other [3]   0
Investment allocation, land   287,000
Investment allocation, building   5,551,000
Investment allocation, intangible assets   $ 362,000
Number of apartment units | Unit   71
Multi-Family Residential [Member] | Southpoint - Grand Forks, ND [Member]    
Acquisitions and development projects placed in service [Abstract]    
Date acquired   Sep. 05, 2013
Total acquisition costs   $ 10,600,000
Form of consideration, cash   10,400,000
Form of consideration, units [1]   200,000
Form of consideration, other [3]   0
Investment allocation, land   576,000
Investment allocation, building   9,893,000
Investment allocation, intangible assets   $ 131,000
Number of apartment units | Unit   96
Multi-Family Residential [Member] | Pinecone Villas - Sartell, MN [Member]    
Acquisitions and development projects placed in service [Abstract]    
Date acquired   Oct. 31, 2013
Total acquisition costs   $ 2,800,000
Form of consideration, cash   2,800,000
Form of consideration, units [1]   0
Form of consideration, other [3]   0
Investment allocation, land   584,000
Investment allocation, building   2,191,000
Investment allocation, intangible assets   $ 25,000
Number of apartment units | Unit   24
Healthcare [Member]    
Acquisitions and development projects placed in service [Abstract]    
Total acquisition costs   $ 18,913,000
Form of consideration, cash   18,913,000
Form of consideration, units [1]   0
Form of consideration, other [3]   0
Investment allocation, land   1,520,000
Investment allocation, building   17,011,000
Investment allocation, intangible assets   $ 382,000
Healthcare [Member] | Legends at Heritage Place - Sartell, MN [Member]    
Acquisitions and development projects placed in service [Abstract]    
Date acquired   Oct. 31, 2013
Total acquisition costs   $ 11,863,000
Form of consideration, cash   11,863,000
Form of consideration, units [1]   0
Form of consideration, other [3]   0
Investment allocation, land   970,000
Investment allocation, building   10,511,000
Investment allocation, intangible assets   $ 382,000
Area of real estate property | ft²   98,174
Healthcare [Member] | Spring Creek Fruitland - Fruitland, IA [Member]    
Acquisitions and development projects placed in service [Abstract]    
Date acquired   Feb. 05, 2014
Total acquisition costs   $ 7,050,000
Form of consideration, cash   7,050,000
Form of consideration, units [1]   0
Form of consideration, other [3]   0
Investment allocation, land   550,000
Investment allocation, building   6,500,000
Investment allocation, intangible assets   $ 0
Area of real estate property | ft²   39,500
Unimproved Land [Member]    
Acquisitions and development projects placed in service [Abstract]    
Total acquisition costs $ 14,517,000 $ 5,067,000
Form of consideration, cash 9,795,000 3,167,000
Form of consideration, units [1] 0 0
Form of consideration, other 4,722,000 [2] 1,900,000 [3]
Investment allocation, land 14,517,000 5,067,000
Investment allocation, building 0 0
Investment allocation, intangible assets 0 $ 0
Unimproved Land [Member] | Legacy Heights - Bismarck, ND [Member]    
Acquisitions and development projects placed in service [Abstract]    
Investment allocation, land 804,000  
Investment allocation, building 7,800,000  
Investment allocation, escrow deposit $ 1,300,000  
Unimproved Land [Member] | Creekside Crossing - Bismarck, ND [Member]    
Acquisitions and development projects placed in service [Abstract]    
Date acquired May 22, 2014  
Total acquisition costs $ 4,269,000  
Form of consideration, cash 4,269,000  
Form of consideration, units [1] 0  
Form of consideration, other [2] 0  
Investment allocation, land 4,269,000  
Investment allocation, building 0  
Investment allocation, intangible assets $ 0  
Unimproved Land [Member] | PrairieCare Medical - Brooklyn Park, MN [Member]    
Acquisitions and development projects placed in service [Abstract]    
Date acquired Jun. 05, 2014  
Total acquisition costs $ 2,616,000  
Form of consideration, cash 2,616,000  
Form of consideration, units [1] 0  
Form of consideration, other [2] 0  
Investment allocation, land 2,616,000  
Investment allocation, building 0  
Investment allocation, intangible assets $ 0  
Unimproved Land [Member] | 71 France Phase I - Edina, MN [Member]    
Acquisitions and development projects placed in service [Abstract]    
Date acquired [6] Jun. 12, 2014  
Total acquisition costs [6] $ 1,413,000  
Form of consideration, cash [6] 0  
Form of consideration, units [1],[6] 0  
Form of consideration, other [2],[6] 1,413,000  
Investment allocation, land [6] 1,413,000  
Investment allocation, building [6] 0  
Investment allocation, intangible assets [6] $ 0  
Interest in joint venture (in hundredths) 52.60%  
JV Partner Contributions $ 1,413,000  
Unimproved Land [Member] | Monticello 7th Addition - Monticello, MN [Member]    
Acquisitions and development projects placed in service [Abstract]    
Date acquired Oct. 09, 2014  
Total acquisition costs $ 1,660,000  
Form of consideration, cash 1,660,000  
Form of consideration, units [1] 0  
Form of consideration, other [2] 0  
Investment allocation, land 1,660,000  
Investment allocation, building 0  
Investment allocation, intangible assets $ 0  
Unimproved Land [Member] | 71 France Phase 2 & 3 - Edina, MN [Member]    
Acquisitions and development projects placed in service [Abstract]    
Date acquired [6] Nov. 04, 2014  
Total acquisition costs [6] $ 3,309,000  
Form of consideration, cash [6] 0  
Form of consideration, units [1],[6] 0  
Form of consideration, other [2],[6] 3,309,000  
Investment allocation, land [6] 3,309,000  
Investment allocation, building [6] 0  
Investment allocation, intangible assets [6] $ 0  
Interest in joint venture (in hundredths) 52.60%  
JV Partner Contributions $ 3,309,000  
Unimproved Land [Member] | Minot 1525 24th Ave SW - Minot, ND [Member]    
Acquisitions and development projects placed in service [Abstract]    
Date acquired Dec. 23, 2014  
Total acquisition costs $ 1,250,000  
Form of consideration, cash 1,250,000  
Form of consideration, units [1] 0  
Form of consideration, other [2] 0  
Investment allocation, land 1,250,000  
Investment allocation, building 0  
Investment allocation, intangible assets $ 0  
Unimproved Land [Member] | Chateau II - Minot, ND [Member]    
Acquisitions and development projects placed in service [Abstract]    
Date acquired   May 21, 2013
Total acquisition costs   $ 179,000
Form of consideration, cash   179,000
Form of consideration, units [1]   0
Form of consideration, other [3]   0
Investment allocation, land   179,000
Investment allocation, building   0
Investment allocation, intangible assets   $ 0
Unimproved Land [Member] | Jamestown Unimproved - Jamestown, ND [Member]    
Acquisitions and development projects placed in service [Abstract]    
Date acquired   Aug. 09, 2013
Total acquisition costs   $ 700,000
Form of consideration, cash   700,000
Form of consideration, units [1]   0
Form of consideration, other [3]   0
Investment allocation, land   700,000
Investment allocation, building   0
Investment allocation, intangible assets   $ 0
Unimproved Land [Member] | RED 20 - Minneapolis, MN [Member]    
Acquisitions and development projects placed in service [Abstract]    
Date acquired [7]   Aug. 20, 2013
Total acquisition costs [7]   $ 1,900,000
Form of consideration, cash [7]   0
Form of consideration, units [1],[7]   0
Form of consideration, other [3],[7]   1,900,000
Investment allocation, land [7]   1,900,000
Investment allocation, building [7]   0
Investment allocation, intangible assets [7]   $ 0
Interest in joint venture (in hundredths) [7]   58.60%
JV Partner Contributions [7]   $ 1,900,000
Unimproved Land [Member] | Legends at Heritage Place - Sartell, MN [Member]    
Acquisitions and development projects placed in service [Abstract]    
Date acquired   Oct. 31, 2013
Total acquisition costs   $ 537,000
Form of consideration, cash   537,000
Form of consideration, units [1]   0
Form of consideration, other [3]   0
Investment allocation, land   537,000
Investment allocation, building   0
Investment allocation, intangible assets   $ 0
Unimproved Land [Member] | Spring Creek Fruitland - Fruitland, IA [Member]    
Acquisitions and development projects placed in service [Abstract]    
Date acquired   Jan. 21, 2014
Total acquisition costs   $ 335,000
Form of consideration, cash   335,000
Form of consideration, units [1]   0
Form of consideration, other [3]   0
Investment allocation, land   335,000
Investment allocation, building   0
Investment allocation, intangible assets   $ 0
Unimproved Land [Member] | Isanti Unimproved - Isanti, MN [Member]    
Acquisitions and development projects placed in service [Abstract]    
Date acquired   Feb. 04, 2014
Total acquisition costs   $ 50,000
Form of consideration, cash   50,000
Form of consideration, units [1]   0
Form of consideration, other [3]   0
Investment allocation, land   50,000
Investment allocation, building   0
Investment allocation, intangible assets   $ 0
Unimproved Land [Member] | Rapid City Unimproved- Rapid City, SD [Member]    
Acquisitions and development projects placed in service [Abstract]    
Date acquired   Mar. 25, 2014
Total acquisition costs   $ 1,366,000
Form of consideration, cash   1,366,000
Form of consideration, units [1]   0
Form of consideration, other [3]   0
Investment allocation, land   1,366,000
Investment allocation, building   0
Investment allocation, intangible assets   $ 0
[1] Value of limited partnership units of the Operating Partnership at the acquisition date.
[2] Consists of assumed debt (Homestead Garden I - $9.9 million, Silver Springs - $2.3 million) and value of land contributed by the joint venture partner (71 France - $4.7 million).
[3] Consists of value of land contributed by the joint venture partner.
[4] At acquisition the Company adjusted the assumed debt to fair value and recognized approximately $852,000 of goodwill.
[5] At acquisition, the purchase price included assets in development (land: $804,000, building: $7.8 million, escrow $1.3 million).
[6] Land was contributed to a joint venture in which the Company has an approximately 52.6% interest. The joint venture is consolidated in IRETs financial statements.
[7] Land is owned by a joint venture in which the Company has an approximately 58.6% interest. The joint venture is consolidated in IRETs financial statements