CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Oct. 31, 2017	Apr. 30, 2017
Real estate investments
Property owned	$ 1,831,181	$ 1,677,481
Less accumulated depreciation	(384,402)	(340,417)
Total property owned	1,446,779	1,337,064
Unimproved land	15,216	18,455
Mortgage loans receivable	10,329
Total real estate investments	1,472,324	1,355,519
Other assets
Assets held for sale and assets of discontinued operations		37,708
Cash and cash equivalents	42,464	28,819
Restricted cash	4,306	28,709
Other assets	31,933	23,759
TOTAL ASSETS	1,551,027	1,474,514
LIABILITIES
Liabilities held for sale and liabilities of discontinued operations		30,062
Accounts payable and accrued expenses	33,757	40,430
Revolving line of credit	247,500	57,050
Mortgages payable, net of unamortized loan costs of $3,062 and $3,480, respectively	655,903	661,960
Construction debt	21,561	41,737
TOTAL LIABILITIES	958,721	831,239
COMMITMENTS AND CONTINGENCIES (NOTE 6)
REDEEMABLE NONCONTROLLING INTERESTS-CONSOLIDATED REAL ESTATE ENTITIES	6,812	7,181
EQUITY
Common Shares of Beneficial Interest (Unlimited authorization, no par value, 120,189 shares issued and outstanding at October 31, 2017 and 121,199 shares issued and outstanding at April 30, 2017)	910,683	916,121
Accumulated distributions in excess of net income	(490,612)	(466,541)
Total shareholders' equity	519,538	560,937
Noncontrolling interests – Operating Partnership (14,618 units at October 31, 2017 and 15,617 units at April 30, 2017)	64,291	73,233
Noncontrolling interests - consolidated real estate entities	1,665	1,924
Total equity	585,494	636,094
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	1,551,027	1,474,514
Series B Preferred Stock [Member]
EQUITY
Preferred Shares of Beneficial Interest (Cumulative redeemable preferred shares)		$ 111,357
Series C Preferred Stock [Member]
EQUITY
Preferred Shares of Beneficial Interest (Cumulative redeemable preferred shares)	$ 99,467