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ACQUISITIONS AND DISPOSITIONS (Tables)
 3 Months Ended
Jul. 31, 2018
Business Combinations [Abstract]  
Schedule of Acquisitions
Our acquisitions during the three months ended July 31, 2017 are detailed below.
Three Months Ended July 31, 2017
 
Date
Acquired
 
(in thousands)
 
 
Total
Acquisition
Cost

 
Investment Allocation
Acquisitions
 
 
Land

 
Building

 
Intangible
Assets

Multifamily
 
 
 
 
 
 
 
 
 
191 unit - Oxbo - St. Paul, MN(1)
May 26, 2017
 
$
61,500

 
$
5,809

 
$
54,910

 
$
781

 
 
 
 
 
 
 
 
 
 
Total Property Acquisitions
 
 
$
61,500

 
$
5,809

 
$
54,910

 
$
781

(1)
Property includes 11,477 square feet of retail space.
Schedule of Dispositions
The following table details our dispositions for the three months ended July 31, 2018 and 2017:

Three Months Ended July 31, 2018
 
 
 
(in thousands)
 
Dispositions
Date
Disposed
 
Sales Price
 
Book Value
and Sale Cost
 
Gain/(Loss)
 
Multifamily
 
 
 
 
 
 
 
 
44 unit - Dakota Commons - Williston, ND
July 26, 2018
 
$
4,420

 
$
3,878

 
$
542

 
145 unit - Williston Garden - Williston, ND(1)
July 26, 2018
 
12,310

 
11,313

 
997

 
288 unit - Renaissance Heights - Williston, ND(2)
July 26, 2018
 
24,770

 
17,856

 
6,914

 
 
 
 
41,500

 
33,047

 
8,453

 
 
 
 
 
 
 
 
 
 
Other
 
 
 
 
 
 
 
 
7,849 sq ft Minot Southgate Retail - Minot, ND
July 12, 2018
 
$
1,925

 
$
2,056

 
$
(131
)
 
9,052 sq ft Fresenius - Duluth, MN
July 27, 2018
 
1,900

 
1,078

 
$
822

 
 
 
 
3,825

 
3,134

 
691

 
 
 
 
 
 
 
 
 
 
Unimproved Land
 
 
 
 
 
 
 
 
Grand Forks - Grand Forks, ND
July 16, 2018
 
$
3,000

 
$
2,986

 
$
14

 
Renaissance Heights - Williston, ND(3)
July 26, 2018
 
750

 
684

 
66

 
 
 
 
3,750

 
3,670

 
80

 
 
 
 
 
 
 
 
 
 
Total Property Dispositions
 
 
$
49,075

 
$
39,851

 
$
9,224

 
(1)
This apartment community was owned by a joint venture entity in which we had an interest of approximately 74.11%. The joint venture is consolidated in our financial statements.
(2)
This apartment community was owned by a joint venture entity in which we had an interest of approximately 87.14%. The joint venture is consolidated in our financial statements.
(3)
This parcel of land was owned by a joint venture entity in which we had an interest of approximately 70.00%. The joint venture is consolidated in our financial statements.

Three Months Ended July 31, 2017
 
 
 
(in thousands)
 
Dispositions
Date
Disposed
 
Sale Price
 
Book Value
and Sale Cost
 
Gain/(Loss)
 
Other
 
 
 
 
 
 
 
 
4,998 sq ft Minot Southgate Wells Fargo Bank - Minot, ND
May 15, 2017
 
$
3,440

 
$
3,332

 
$
108

 
 
 
 
 
 
 
 
 
 
Total Property Dispositions
 
 
$
3,440

 
$
3,332

 
$
108