CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Jan. 31, 2018	Apr. 30, 2017
Real estate investments
Property owned	$ 1,568,725	$ 1,358,529
Less accumulated depreciation	(304,149)	(255,599)
Total property owned	1,264,576	1,102,930
Unimproved land	15,123	18,455
Mortgage loans receivable	10,329	0
Total real estate investments	1,290,028	1,121,385
Other assets
Assets held for sale and assets of discontinued operations	0	283,023
Cash and cash equivalents	22,666	28,819
Restricted cash	121,337	27,981
Other assets	21,664	13,306
TOTAL ASSETS	1,455,695	1,474,514
LIABILITIES
Liabilities held for sale and liabilities of discontinued operations	0	130,904
Accounts payable and accrued expenses	35,792	35,566
Revolving line of credit	67,000	57,050
Term loan, net of unamortized loan costs of $517 and $0, respectively	69,483	0
Mortgages payable, net of unamortized loan costs of $2,488 and $3,054, respectively	553,388	565,978
Construction debt	0	41,741
TOTAL LIABILITIES	725,663	831,239
COMMITMENTS AND CONTINGENCIES (NOTE 6)
REDEEMABLE NONCONTROLLING INTERESTS – CONSOLIDATED REAL ESTATE ENTITIES	6,644	7,181
EQUITY
Common Shares of Beneficial Interest (Unlimited authorization, no par value, 120,035 shares issued and outstanding at January 31, 2018 and 121,199 shares issued and outstanding at April 30, 2017)	910,173	916,121
Accumulated distributions in excess of net income	(364,684)	(466,541)
Accumulated other comprehensive income	359	0
Total shareholders’ equity	645,304	560,937
Noncontrolling interests – Operating Partnership (14,168 units at January 31, 2018 and 15,617 units at April 30, 2017)	76,915	73,233
Noncontrolling interests – consolidated real estate entities	1,169	1,924
Total equity	723,388	636,094
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND EQUITY	1,455,695	1,474,514
Series B Preferred Stock [Member]
EQUITY
Preferred Shares of Beneficial Interest (Cumulative redeemable preferred shares)	0	111,357
Series C Preferred Stock [Member]
EQUITY
Preferred Shares of Beneficial Interest (Cumulative redeemable preferred shares)	$ 99,456	$ 0