CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Jul. 31, 2017	Apr. 30, 2017
Real estate investments
Property owned	$ 1,744,252	$ 1,677,481
Less accumulated depreciation	(368,769)	(340,417)
Total property owned	1,375,483	1,337,064
Unimproved land	15,195	18,455
Total real estate investments	1,390,678	1,355,519
Other assets
Assets held for sale and assets of discontinued operations	37,552	37,708
Cash and cash equivalents	23,801	28,819
Receivable arising from straight-lining of rents, net of allowance of $285 and $340, respectively	7,992	7,822
Accounts receivable, net of allowance of $182 and $210, respectively	2,184	2,600
Real estate deposits		23,659
Prepaid and other assets	2,125	3,131
Notes receivable	3,000
Intangible assets, net of accumulated amortization of $5,724 and $5,444, respectively	1,249	658
Tax, insurance, and other escrow	4,285	5,050
Property and equipment, net of accumulated depreciation of $1,216 and $1,199, respectively	836	901
Goodwill	1,572	1,572
Deferred charges and leasing costs, net of accumulated amortization of $4,619 and $4,275, respectively	7,076	7,075
TOTAL ASSETS	1,482,350	1,474,514
LIABILITIES
Liabilities held for sale and liabilities of discontinued operations	29,683	30,062
Accounts payable and accrued expenses	36,859	40,350
Revolving line of credit	125,900	57,050
Mortgages payable, net of unamortized loan costs of $3,276 and $3,480, respectively	660,753	661,960
Construction debt and other	20,205	41,817
TOTAL LIABILITIES	873,400	831,239
COMMITMENTS AND CONTINGENCIES (NOTE 15)
REDEEMABLE NONCONTROLLING INTERESTS - CONSOLIDATED REAL ESTATE ENTITIES	7,010	7,181
Investors Real Estate Trust shareholders' equity
Common Shares of Beneficial Interest (Unlimited authorization, no par value, 120,587 shares issued and outstanding at July 31, 2017 and 121,199 shares issued and outstanding at April 30, 2017)	912,625	916,121
Accumulated distributions in excess of net income	(488,535)	(466,541)
Total Investors Real Estate Trust shareholders' equity	535,447	560,937
Noncontrolling interests – Operating Partnership (14,657 units at July 31, 2017 and 15,617 units at April 30, 2017)	64,789	73,233
Noncontrolling interests - consolidated real estate entities	1,704	1,924
Total equity	601,940	636,094
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	1,482,350	1,474,514
Series B Preferred Stock [Member]
Investors Real Estate Trust shareholders' equity
Preferred Shares of Beneficial Interest (Cumulative redeemable preferred shares)	$ 111,357	$ 111,357