Schedule IV - Mortgage Loans on Real Estate

12 Months Ended

Jan. 31, 2014

Mortgage Loans on Real Estate [Abstract]

Mortgage Loans on Real Estate, by Loan Disclosure [Text Block]

 SCHEDULE IV

MORTGAGE LOANS ON REAL ESTATE

					Face Amount of		1/31/14 Carrying
Description	Interest Rate		Maturity Date	Periodic Payment Term	Mortgages		Amount
Mortgage Note Secured by the Albuquerque property		7.75%	11/1/2021	144 monthly installments	$	1,500,000	$	1,126,983
Mortgage Note Secured by the Ontario property		5.00%	1/14/2015	35 monthly installments, with balloon payment of $5,630,315 due at maturity		9,000,000		5,983,480
Mortgage Note Secured by the Yuma property		Prime Rate plus 1 point over index, floor of 5%	8/1/2022	119 monthly installments, with balloon payment of $4,112,4618 due at maturity		5,500,000		5,355,051
Mortgage Note Secured by the Tucson St. Mary's property		Prime Rate	1/28/2015	83 monthly installments, with balloon payment of $4,874,618 due at maturity		6,050,000		5,039,946
Mortgage Note Secured by the Tucson Foothills property		8.00%	5/1/2016	180 monthly installments		5,100,000		1,241,111
					$	27,150,000	$	18,746,571

MORTGAGE NOTE RECONCILIATION

Balance at January 31, 2012	$	21,271,256
Additions during period:
Proceeds from refinancing	$	500,000
Accrued interest reclassified to note payable	$	240,700
Deductions during period
Principal payments	$	(2,057,032	)
Balance at January 31, 2013	$	19,954,924
Additions during period:
Proceeds from refinancing	$	-
Accrued interest reclassified to note payable	$	-
Deductions during period
Principal payments	$	(1,208,353	)
Balance at January 31, 2014	$	18,746,571