FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Apr. 30, 2017

FAIR VALUE MEASUREMENTS [Abstract]

Fair Value Measurements on a Nonrecurring Basis

	(in thousands)
	Total		Level 1		Level 2		Level 3
April 30, 2017
Real estate investments	$	506	$	—	$	—	$	506
Real estate held for sale(1)	$	10,891	$	—	$	—	$	10,891
April 30, 2016
Real estate held for sale	$	6,650	$	—	$	—	$	6,650

Estimated Fair Values of Financial Instruments

The estimated fair values of our financial instruments as of April 30, 2017 and 2016 are as follows:

	(in thousands)
	2017				2016
	Amount		Fair Value		Amount		Fair Value
FINANCIAL ASSETS
Cash and cash equivalents	$	28,819	$	28,819	$	66,698	$	66,698
Other investments		—		—		50		50
FINANCIAL LIABILITIES
Other debt, including other debt related to assets held for sale		49,637		49,637		82,026		82,026
Lines of credit		57,050		57,050		17,500		17,500
Mortgages payable		665,440		680,941		817,324		866,649
Mortgages payable related to assets held for sale		21,803		21,861		68,824		78,690