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FAIR VALUE OF FINANCIAL INSTRUMENTS
12 Months Ended
Jan. 31, 2023
Fair Value Disclosures [Abstract]  
FAIR VALUE OF FINANCIAL INSTRUMENTS

20. FAIR VALUE OF FINANCIAL INSTRUMENTS

 

The following table presents the estimated fair values of the Trust’s debt instruments, based on rates currently available to the Trust for bank loans with similar terms and average maturities, and the associated carrying value recognized in the consolidated balance sheets at January 31, 2023 and 2022:

 

   2023   2022 
   Carrying Amount   Fair Value   Carrying Amount   Fair Value 
Mortgage Notes Payable  $9,584,449   $3,408,024   $5,757,302   $3,408,024 
Other Notes Payable  $570,000   $570,000   $571,187   $571,187 
Notes Payable - Related Party  $-   $-   $977,547   $977,547