CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 30, 2016	Apr. 30, 2015
Real estate investments
Property owned	$ 1,681,471	$ 1,335,687
Less accumulated depreciation	(312,889)	(279,417)
Total property owned	1,368,582	1,056,270
Development in progress	51,681	153,994
Unimproved land	20,939	25,827
Total real estate investments	1,441,202	1,236,091
Other assets
Assets held for sale and assets of discontinued operations	220,761	675,764
Cash and cash equivalents	66,698	48,970
Other investments	50	329
Receivable arising from straight-lining of rents, net of allowance of $333 and $222, respectively	7,179	6,504
Accounts receivable, net of allowance of $97 and $439, respectively	1,524	2,390
Real estate deposits	0	2,489
Prepaid and other assets	2,937	3,134
Intangible assets, net of accumulated amortization of $6,230 and $6,112, respectively	1,858	1,388
Tax, insurance, and other escrow	5,450	9,499
Property and equipment, net of accumulated depreciation of $1,058 and $1,374, respectively	1,011	1,027
Goodwill	1,680	1,718
Deferred charges and leasing costs, net of accumulated amortization of $8,716 and $7,524, respectively	9,827	8,534
TOTAL ASSETS	1,760,177	1,997,837
LIABILITIES
Liabilities held for sale and liabilities of discontinued operations	77,712	401,299
Accounts payable and accrued expenses	39,727	55,540
Revolving line of credit	17,500	60,500
Mortgages payable	817,324	596,965
Construction debt and other	82,130	136,211
TOTAL LIABILITIES	$ 1,034,393	$ 1,250,515
COMMITMENTS AND CONTINGENCIES (NOTE 15)
REDEEMABLE NONCONTROLLING INTERESTS - CONSOLIDATED REAL ESTATE ENTITIES	$ 7,522	$ 6,368
Investors Real Estate Trust shareholders' equity
Common Shares of Beneficial Interest (Unlimited authorization, no par value, 121,091,249 shares issued and outstanding at April 30, 2016, and 124,455,624 shares issued and outstanding at April 30, 2015)	922,084	951,868
Accumulated distributions in excess of net income	(442,000)	(438,432)
Total Investors Real Estate Trust shareholders' equity	618,758	652,110
Noncontrolling interests – Operating Partnership (16,285,239 units at April 30, 2016 and 13,999,725 units at April 30, 2015)	78,484	58,325
Noncontrolling interests - consolidated real estate entities	21,020	30,519
Total equity	718,262	740,954
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	1,760,177	1,997,837
Preferred Class A [Member]
Investors Real Estate Trust shareholders' equity
Preferred Shares of Beneficial Interest (Cumulative redeemable preferred shares)	27,317	27,317
Preferred Class B [Member]
Investors Real Estate Trust shareholders' equity
Preferred Shares of Beneficial Interest (Cumulative redeemable preferred shares)	$ 111,357	$ 111,357