MORTGAGES PAYABLE AND CONSTRUCTION DEBT (Tables)

12 Months Ended

Apr. 30, 2016

MORTGAGES PAYABLE AND CONSTRUCTION DEBT [Abstract]

Aggregate Amount of Required Future Principal Payments on Mortgages Payable

The aggregate amount of required future principal payments on mortgages payable as of April 30, 2016, is as follows

		(in thousands)
		Mortgages		Mortgages
		on Properties		on Properties
		Held for		Held for
Year Ended April 30,		Investment		Sale
2017	$	102,636	$	48,046
2018		54,931		1,106
2019		144,436		6,921
2020		103,537		612
2021		154,389		4,901
Thereafter		257,395		7,237
Total payments	$	817,324	$	68,823