Mortgage Notes Payable (Tables)

12 Months Ended

Jan. 31, 2016

Debt Disclosure [Abstract]

Schedule of Mortgage Notes Payable

The following table summarizes the Trust’s mortgage notes payable as of January 31:

	2016		2015
Albuquerque property mortgage note payable paid in full at June 2, 2014.	$	-	$	-
Mortgage note payable, due in monthly installments of $36,835, including interest at Prime + 1.50% with a 4.75% floor per year (4.75% as of January 31, 2016), through August 22, 2024, plus a balloon payment of $3,585,591 in August 2024, secured by the Ontario property with a carrying value of $6.4 million at January 31, 2016.		5,408,942		5,580,410
Mortgage note payable, due in monthly installments of $26,312, including interest at 4.19% per year, through November 18, 2029, secured by the Tucson Oracle property with a carrying value of $6.6 million at January 31, 2016.		3,290,657		3,462,188
Tucson St. Mary’s paid in full at January 31, 2016		-		4,861,936
Mortgage note payable, due in monthly installments of $32,419, including interest at the prime rate plus one percentage point over the index, with a floor of 5.0% per year (5% per year as of January 31, 2015), through August 1, 2022 plus a balloon payment of $4,112,498 in September 2022, secured by the Yuma property with a carrying value of $4.9 million at January 31, 2016.		5,092,993		5,217,202
Totals:	$	13,792,592	$	19,121,736