DEBT (Tables)

9 Months Ended

Jan. 31, 2018

Debt Disclosure [Abstract]

Aggregate Amount of Required Future Principal Payments on Mortgages Payable

The aggregate amount of required future principal payments on mortgages payable as of January 31, 2018, is as follows:

	(in thousands)
Year Ended April 30,	Mortgage Loans
2018	$	2,718
2019	31,065
2020	146,792
2021	92,308
2022	72,799
Thereafter	210,193
Total payments	$	555,875

Schedule of Debt

The following table summarizes our indebtedness at January 31, 2018:

	(in thousands)
	January 31, 2018			April 30, 2017			Weighted Average Maturity in Years
Unsecured line of credit	$	67,000		$	57,050		3.0
Term loan	70,000			—			4.0
Unsecured debt	137,000			57,050
Mortgages payable - fixed(1)	494,874			629,535			6.3
Mortgages payable - variable(1)	61,000			57,708			3.3
Construction debt - variable	—			41,737
Total debt	$	692,874		$	786,030
Weighted average interest rate on unsecured line of credit	3.45		%	2.67		%
Weighted average interest rate on term loan (rate with swap)	4.01		%	—
Weighted average interest rate on mortgages payable(1)	4.63		%	4.71		%
Weighted average interest rate on construction debt	—			3.27		%

(1) Includes mortgages payable related to assets held for sale and assets of discontinued operations at April 30, 2017.