CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Jul. 31, 2014	Jul. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ (199)	$ 3,216
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	17,463	20,087
Loss (gain) on sale of real estate, land, other investments and discontinued operations	2,993	(1,943)
Gain on involuntary conversion	0	(966)
Share-based compensation expense	1,763	229
Impairment of real estate investments	2,320	1,803
Bad debt expense	136	178
Changes in other assets and liabilities:
Increase in receivable arising from straight-lining of rents	(143)	(654)
Decrease (increase) in accounts receivable	1,229	(811)
Decrease in prepaid and other assets	1,197	367
Decrease (increase) in tax, insurance and other escrow	146	(640)
Increase in deferred charges and leasing costs	(926)	(897)
Decrease in accounts payable, accrued expenses and other liabilities	(2,594)	(2,685)
Net cash provided by operating activities	23,385	17,284
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from real estate deposits	140	157
Payments for real estate deposits	(3,736)	(450)
Decrease in lender holdbacks for improvements	609	1,144
Increase in lender holdbacks for improvements	(326)	(279)
Proceeds from sale of discontinued operations	0	21,261
Proceeds from sale of real estate and other investments	6,416	7
Insurance proceeds received	2,054	1,004
Payments for acquisitions of real estate assets	(13,008)	(3,099)
Payments for development and re-development of real estate assets	(36,892)	(26,476)
Payments for improvements of real estate assets	(7,556)	(7,224)
Net cash used by investing activities	(52,299)	(13,955)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from mortgages payable	25,000	4,100
Principal payments on mortgages payable	(18,090)	(22,916)
Proceeds from revolving lines of credit and other debt	50,492	6,313
Principal payments on revolving lines of credit and other debt	(17,000)	0
Proceeds from financing liability	0	7,900
Proceeds from sale of common shares under distribution reinvestment and share purchase program	16,941	15,941
Proceeds from noncontrolling partner - consolidated real estate entities	1,006	0
Distributions paid to common shareholders, net of reinvestment of $3,801 and $3,549, respectively	(10,463)	(9,715)
Distributions paid to preferred shareholders	(2,879)	(2,879)
Distributions paid to noncontrolling interests - Unitholders of the Operating Partnership, net reinvestment of $185 and $183, respectively	(2,555)	(2,646)
Distributions paid to noncontrolling interests - consolidated real estate entities	(185)	(367)
Net cash (used) provided by financing activities	42,267	(4,269)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	13,353	(940)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	47,267	94,133
CASH AND CASH EQUIVALENTS AT END OF PERIOD	60,620	93,193
SUPPLEMENTARY SCHEDULE OF NON-CASH INVESTING AND FINANCING
Distribution reinvestment plan	3,801	3,549
Operating partnership distribution reinvestment plan	185	183
Operating partnership units converted to shares	18,332	706
Increase in accounts receivable from sale of common shares under distribution reinvestment and share purchase program	0	3,000
Real estate assets acquired through the issuance of operating partnership units	0	3,280
Real estate assets acquired through assumption of indebtedness and accrued costs	12,169	0
Increase (decrease) to accounts payable included within real estate investments	6,129	4,547
Real estate assets contributed by noncontrolling interest - consolidated real estate entities	2,206	0
Cash paid during the year for:
Cash paid for interest, net of amounts capitalized of $1,030 and $580, respectively	$ 13,099	$ 14,220