DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Oct. 31, 2018

Discontinued Operations and Disposal Groups [Abstract]

Effect on Net Income and Gains or Losses From Sale Of Properties Classified as Discontinued Operations

The following information shows the effect on net income and the gains or losses from the sales of properties classified as discontinued operations for the three and six months ended October 31, 2018 and 2017, respectively:

	(in thousands)
	Three Months Ended October 31,					Six Months Ended October 31,
	2018		2017			2018		2017
REVENUE	$	—	$	12,047		$	—	$	24,002
EXPENSES
Property operating expenses, excluding real estate taxes	—		2,387			—		4,644
Real estate taxes	—		1,946			—		3,907
Property management	—		68			—		140
Depreciation and amortization	—		3,424			—		7,013
General and administrative	—		15			—		15
TOTAL EXPENSES	$	—	$	7,840		$	—	$	15,719
Operating income (loss)	—		4,207			—		8,283
Interest expense	—		(1,436		)	—		(3,421		)
Loss on extinguishment of debt	—		(6		)	—		(6		)
Interest income	—		117			—		661
Other income	—		10			—		60
Income (loss) from discontinued operations before gain (loss) on sale	—		2,892			—		5,577
Gain (loss) on sale of discontinued operations	—		12,238			570		12,238
INCOME (LOSS) FROM DISCONTINUED OPERATIONS	$	—	$	15,130		$	570	$	17,815