XML 30 R32.htm IDEA: XBRL DOCUMENT v2.4.0.8
COMMITMENTS AND CONTINGENCIES (Details) (USD $)
3 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended
Oct. 31, 2013
sqft
Oct. 31, 2012
Oct. 31, 2013
Unit
sqft
Oct. 31, 2012
Oct. 31, 2013
Anoka, Minnesota [Member]
Oct. 31, 2013
Burnsville, Minnesota [Member]
Oct. 31, 2013
Cardinal Point, Grand Forks, North Dakota [Member]
Unit
Oct. 31, 2013
Clive, Iowa [Member]
Oct. 31, 2013
Cypress Court - St. Cloud, MN [Member]
Building
Unit
Oct. 31, 2013
Arcata Apartments, Golden Valley, Minnesota [Member]
acre
Unit
Oct. 31, 2013
Chateau II, Minot, North Dakota [Member]
Building
Unit
Apr. 30, 2012
Chateau II, Minot, North Dakota [Member]
Unit
Oct. 31, 2013
Chateau II, Minot, North Dakota [Member]
Building One [Member]
Unit
Oct. 31, 2013
Chateau II, Minot, North Dakota [Member]
Building Two [Member]
Unit
Oct. 31, 2013
Dakota Commons, Williston, North Dakota [Member]
Unit
Oct. 31, 2013
Monticello, Minnesota [Member]
acre
Oct. 31, 2013
Rapid City, South Dakota [Member]
acre
Oct. 31, 2013
River Ridge, Bismarck, ND [Member]
Unit
Oct. 31, 2013
RED 20 - Minneapolis, MN [Member]
Unit
sqft
Oct. 31, 2013
Renaissance Heights I Apartments, Williston, North Dakota [Member]
acre
Unit
Oct. 31, 2013
Renaissance Heights I Apartments, Williston, North Dakota [Member]
Project Phase One [Member]
Unit
Oct. 31, 2013
Renaissance Heights I Apartments, Williston, North Dakota [Member]
Project Phases Two and Three [Member]
Unit
Oct. 31, 2013
Sioux Falls, South Dakota [Member]
Oct. 31, 2013
Southgate, Minot, North Dakota [Member]
Unit
Oct. 31, 2013
The Landing at Southgate, Minot, ND [Member]
Unit
Oct. 31, 2013
The Commons at Southgate, Minot, North Dakota [Member]
Unit
Oct. 31, 2013
Winsted, Minnesota [Member]
Real Estate Properties [Line Items]                                                      
Number of properties subject to purchase options 15   15                                                
Total property cost subject to purchase options $ 114,900,000   $ 114,900,000                                                
Total gross rental revenue from properties subject to purchase options     4,800,000                                                
Number of properties subject to restrictions on taxable dispositions 114   114                                                
Area of a real estate property (in square feet) 5,900,000   5,900,000                                                
Number of apartment units placed in service     5,068                                                
Real estate investment amount of properties (net of accumulated depreciation) 876,000,000   876,000,000                                                
Redemption basis one-for-one   one-for-one                                                
Redemption holding period, minimum     1 year                                                
Number of consecutive trading days for valuation     10 days                                                
Aggregate redemption value of UPREIT Units of operating partnership owned by limited partners 194,100,000 177,800,000 194,100,000 177,800,000                                              
Joint ventures partner's interest acquired 0   0                                                
Tenant Improvements 10,100,000   10,100,000                                                
Commitment period for tenant improvements     12 months                                                
Area of property (square feet)                                     10,000                
Area of land (in acres)                   2           5.0 10.8     14.5              
Acre of land purchased (in acres)                                       40              
Number of apartment units             251   132 165 72 32 15 57 44     146 130 750 288 462   341 36 233  
Number of certificate of occupancy units                                   60                  
Number of buildings                 2   2                           3    
Land purchased             1,600,000     2,100,000         823,000                        
Estimated cost of project             40,000,000   14,300,000 34,400,000 14,700,000       10,700,000     25,900,000 29,500,000 62,400,000         15,800,000 36,400,000  
Project costs incurred to date             4,500,000   13,500,000 5,900,000 6,500,000             23,500,000 5,900,000 26,900,000         15,100,000 17,200,000  
Interest in joint venture (in hundredths)                 79.00%                   58.60% 70.00%       51.00%      
Interest in joint venture held by joint venture partner (in hundredths)                 21.00%                   41.40%         49.00%      
Construction interest capitalized 781,000 120,000 1,400,000 281,000                                              
Purchase price of pending acquisition                               656,000 1,400,000                    
Sales price of property pending disposition         $ 325,000 $ 650,000   $ 2,700,000                             $ 3,500,000       $ 725,000