MORTGAGE NOTE RECEIVABLE
3 Months Ended
Jan. 31, 2017
MORTGAGE NOTE RECEIVABLE [Abstract]  
MORTGAGE NOTE RECEIVABLE
(3) MORTGAGE NOTE RECEIVABLE

In October 2016, the Company, though a wholly-owned subsidiary originated a loan in the amount of $13.5 million secured by a first mortgage on a shopping center located in Rockland County, NY.  The loan requires payments to the Company of interest only recognized on the effective yield method at the rate of one-month LIBOR plus 3.25% per annum.  The loan has a maturity date of October 10, 2017.