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Note 11 - Subsequent Events
3 Months Ended
Apr. 30, 2014
Subsequent Events [Abstract]  
Subsequent Events [Text Block]

11. SUBSEQUENT EVENTS


On May 21, 2014, our Tucson entity entered into a $421,792 credit card advance financing business loan with American Express Bank, FSB with a maturity date of May 22, 2015. The agreement includes acceleration provisions upon default. The funds may be used for Tucson Foothills’ working capital.


On June 2, 2014, the Trust paid off our Albuquerque property mortgage, which had an outstanding balance of $1,099,299 at such time, relieving the trust of future monthly principal and interest payments of approximately $16,000 per month.


As of June 10, 2014, we have continued to sell units under our Albuquerque and Ontario entity offerings and have raised approximately $940,000 and $15,000, respectively, through the sale of approximately 94 and 2 units, respectively, to unrelated parties at $10,000 per unit. Additionally, the Trust and Partnership purchased an additional 0 units and 420 units of the Albuquerque entity and Ontario entity, respectively at $10,000 per unit.