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ACQUISITIONS, DEVELOPMENTS PLACED IN SERVICE AND DISPOSITIONS, PROPERTY ACQUISITIONS (Details)
3 Months Ended
Jul. 31, 2015
USD ($)
Property
Jul. 31, 2014
USD ($)
Property
Unit
Business Acquisition [Line Items]    
Transaction costs expensed during the period   $ 75,000
Acquisitions and development projects placed in service [Abstract]    
Total acquisition cost   26,578,000
Form of consideration, cash   12,996,000
Form of consideration, other [1]   13,582,000
Investment allocation, land   9,168,000
Investment allocation, building   17,145,000
Investment allocation, intangible assets   265,000
Goodwill, acquired during period $ 0 852,000
Results of operations from acquired properties [Abstract]    
Total revenue   362,000
Net income   $ 20,000
Office [Member]    
Results of operations from acquired properties [Abstract]    
Number of properties sold | Property 1 1
Multi-Family Residential [Member]    
Acquisitions and development projects placed in service [Abstract]    
Total acquisition cost   $ 18,280,000
Form of consideration, cash   6,111,000
Form of consideration, other [1]   12,169,000
Investment allocation, land   870,000
Investment allocation, building   17,145,000
Investment allocation, intangible assets   $ 265,000
Multi-Family Residential [Member] | Homestead Garden - Rapid City, SD [Member]    
Acquisitions and development projects placed in service [Abstract]    
Date acquired [2]   Jun. 02, 2014
Total acquisition cost [2]   $ 15,000,000
Form of consideration, cash [2]   5,092,000
Form of consideration, other [1],[2]   9,908,000
Investment allocation, land [2]   655,000
Investment allocation, building [2]   14,139,000
Investment allocation, intangible assets [2]   $ 206,000
Number of units | Unit [2]   152
Goodwill, acquired during period   $ 852,000
Assumed debt   $ 9,900,000
Multi-Family Residential [Member] | Silver Springs - Rapid City, SD [Member]    
Acquisitions and development projects placed in service [Abstract]    
Date acquired   Jun. 02, 2014
Total acquisition cost   $ 3,280,000
Form of consideration, cash   1,019,000
Form of consideration, other [1]   2,261,000
Investment allocation, land   215,000
Investment allocation, building   3,006,000
Investment allocation, intangible assets   $ 59,000
Number of units | Unit   52
Assumed debt   $ 2,300,000
Commercial Industrial [Member]    
Results of operations from acquired properties [Abstract]    
Number of properties sold | Property   1
Unimproved Land [Member]    
Acquisitions and development projects placed in service [Abstract]    
Total acquisition cost   $ 8,298,000
Form of consideration, cash   6,885,000
Form of consideration, other [1]   1,413,000
Investment allocation, land   8,298,000
Investment allocation, building   0
Investment allocation, intangible assets   $ 0
Unimproved Land [Member] | Creekside Crossing - Bismarck, ND [Member]    
Acquisitions and development projects placed in service [Abstract]    
Date acquired   May 22, 2014
Total acquisition cost   $ 4,269,000
Form of consideration, cash   4,269,000
Form of consideration, other [1]   0
Investment allocation, land   4,269,000
Investment allocation, building   0
Investment allocation, intangible assets   $ 0
Unimproved Land [Member] | PrairieCare Medical - Brooklyn Park, MN [Member]    
Acquisitions and development projects placed in service [Abstract]    
Date acquired   Jun. 05, 2014
Total acquisition cost   $ 2,616,000
Form of consideration, cash   2,616,000
Form of consideration, other [1]   0
Investment allocation, land   2,616,000
Investment allocation, building   0
Investment allocation, intangible assets   $ 0
Unimproved Land [Member] | 71 France Phase I - Edina, MN [Member]    
Acquisitions and development projects placed in service [Abstract]    
Date acquired [3]   Jun. 12, 2014
Total acquisition cost [3]   $ 1,413,000
Form of consideration, cash [3]   0
Form of consideration, other [1],[3]   1,413,000
Investment allocation, land [3]   1,413,000
Investment allocation, building [3]   0
Investment allocation, intangible assets [3]   $ 0
Interest held (in hundredths)   52.60%
JV partner contributions   $ 1,400,000
[1] Consists of assumed debt (Homestead Garden I: $9.9 million, Silver Springs: $2.3 million) and value of land contributed by the joint venture partner (71 France: $1.4 million).
[2] At acquisition, the Company adjusted the assumed debt to fair value and recognized approximately $852,000 of goodwill.
[3] Land was contributed to a joint venture in which the Company has an approximately 52.6% interest. The joint venture is consolidated in IRET's financial statements.