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COMMITMENTS AND CONTINGENCIES (Tables)
 3 Months Ended
Jul. 31, 2016
COMMITMENTS AND CONTINGENCIES [Abstract]  
Development. Expansion and Renovation Projects

As of July 31, 2016, we had development projects underway or placed in service during the quarter, the costs for which have been capitalized, as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

    

(in fiscal years)

 

 

    

 

    

Rentable

    

 

 

    

 

 

    

Anticipated

 

 

 

 

 

Square Feet

 

Anticipated

 

Costs as of

 

Construction

 

Project Name and Location

 

Planned Segment

 

or Number of Units

 

Total Cost

 

July 31, 2016

 

Completion

 

71 France - Edina, MN(1)

 

Multifamily

 

241 units

 

 
73,290

 

 
72,230

 

In Service

 

Monticello Crossings - Monticello, MN

 

Multifamily

 

202 units

 

 
31,784

 

 
24,248

 

3Q 2017

 

Other

 

n/a

 

n/a

 

 

n/a

 

 
3,155

 

n/a

 

 

 

 

 

 

 

$
105,074

 

$
99,633

 

 

 

(1)

The project is owned by a joint venture entity in which we currently have an approximately 52.6% interest. The anticipated total cost amount given in the table above is the total cost to the joint venture entity. The anticipated total cost includes approximately 21,772 square feet of retail space.