DEFERRED CHARGES (Tables)

12 Months Ended

Jul. 31, 2012

Deferred Charges [Abstract]

Schedule Of Deferred Charges [Table Text Block]

Deferred charges for the fiscal years ended July 31, 2012 and 2011 consist of the following:

	July 31, 2012					July 31, 2011
	Gross					Gross
	Carrying		Accumulated			Carrying		Accumulated
	Amount		Amortization			Amount		Amortization
Leasing brokerage commissions	$	2,486,928		$	1,060,337	$	2,349,667		$	796,518
Professional fees for leasing		313,183			138,161		324,183			127,679
Financing costs		760,671			667,436		760,671			629,829
Other		34,064			22,708		34,064			11,354
Total	$	3,594,846		$	1,888,642	$	3,468,585		$	1,565,380

Schedule Of Deferred Charges Future Amortization Expense [Table Text Block]

The estimated aggregate amortization expense for each of the five succeeding fiscal years is as follows:

Fiscal Year	Amortization
2013		$	345,896
2014		$	290,773
2015		$	241,117
2016		$	188,653
2017		$	145,438