MORTGAGES PAYABLE AND CONSTRUCTION DEBT (Tables)

12 Months Ended

Apr. 30, 2017

MORTGAGES PAYABLE AND CONSTRUCTION DEBT [Abstract]

Aggregate Amount of Required Future Principal Payments on Mortgages Payable

The aggregate amount of required future principal payments on mortgage loans payable as of April 30, 2017, is as follows:

		(in thousands)
		Mortgage Loans		Mortgage Loans
		on Properties		on Properties
		Held for		Held for
Year Ended April 30,		Investment		Sale
2018	$	40,777	$	16,621
2019		75,918		1,870
2020		93,678		183
2021		136,390		193
2022		87,654		993
Thereafter		231,023		1,943
Total payments	$	665,440	$	21,803