CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND RETAINED EARNINGS (USD $)	3 Months Ended		9 Months Ended
	Apr. 30, 2014	Apr. 30, 2013	Apr. 30, 2014	Apr. 30, 2013
Revenues
Rental income (Notes 4 and 8)	$ 4,268,129	$ 3,704,426	$ 12,626,482	$ 12,004,447
Expenses
Real estate operating expenses	2,435,241	2,154,463	7,088,526	6,607,728
Administrative and general expenses (Note 9)	1,013,284	876,370	3,119,880	2,673,644
Depreciation and amortization (Notes 6)	427,921	404,479	1,270,828	1,208,221
Loss on disposition of property and equipment			4,291	316,021
Total expenses	3,876,446	3,435,312	11,483,525	10,805,614
Income (loss) from operations before investment income, interest expense and income taxes	391,683	269,114	1,142,957	1,198,833
Investment income and interest expense:
Investment income (Note 3)	6,691	12,094	227,080	69,291
Interest expense (Notes 5, 7 and 10)	(107,059)	(99,171)	(318,748)	(323,281)
Interest Income (Expense), Net	(100,368)	(87,077)	(91,668)	(253,990)
Income (loss) from operations before income taxes	291,315	182,037	1,051,289	944,843
Income taxes provided (Note 1)	73,000	109,000	454,000	382,000
Net income	218,315	73,037	597,289	562,843
Retained earnings, beginning of period	39,382,915	38,830,076	39,003,941	38,340,270
Retained earnings, end of period	$ 39,601,230	$ 38,903,113	$ 39,601,230	$ 38,903,113
Income per common share (Note 2)	$ 0.11	$ 0.04	$ 0.30	$ 0.28
Dividends per share
Average common shares outstanding	2,015,780	2,015,780	2,015,780	2,015,780