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Mortgage Loans (Tables)
6 Months Ended
May 31, 2018
Mortgage Loans  
Schedule of mortgage loans

 

 

 

 

 

 

 

 

    

May 31, 2018

    

Nov. 30, 2017

Variable rate, due January 27, 2020 *

 

$

3,412

 

$

3,478

Variable rate, due October 3, 2022 *

 

 

4,321

 

 

4,367

Variable rate, due January 2, 2025 *

 

 

19,949

 

 

20,221

Variable rate, due May 1, 2026 *

 

 

13,665

 

 

13,844

Variable rate, due November 17, 2026 *

 

 

25,742

 

 

26,076

Variable rate, due August 1, 2027 *

 

 

10,404

 

 

10,523

3.97%, due September 1, 2027

 

 

12,008

 

 

12,115

Variable rate, due February 1, 2028 *

 

 

18,678

 

 

 —

5.09%, due July 1, 2029

 

 

6,387

 

 

6,597

5.09%, due July 1, 2029

 

 

4,475

 

 

4,622

4.33%, due August 1, 2030

 

 

17,145

 

 

17,308

Variable rate, due March 1, 2027 *

 

 

 —

 

 

11,826

Nonrecourse mortgage loans prior to debt issuance costs

 

 

136,186

 

 

130,977

Debt issuance costs, net

 

 

(2,221)

 

 

(1,774)

Nonrecourse mortgage loans, net of debt issuance costs

 

$

133,965

 

$

129,203


*Griffin entered into interest rate swap agreements to effectively fix the interest rates on these loans (see below).