Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2018	Nov. 30, 2017
ASSETS
Real estate assets at cost, net	$ 215,220	$ 196,740
Cash and cash equivalents	11,972	30,068
Short-term investments	11,000
Deferred income taxes	1,436	1,904
Real estate assets held for sale	1,217	1,932
Other assets	21,704	18,393
Total assets	262,549	249,037
LIABILITIES AND STOCKHOLDERS' EQUITY
Mortgage and construction loans, net of debt issuance costs	141,113	129,203
Deferred revenue	11,817	11,818
Accounts payable and accrued liabilities	5,520	4,991
Dividend payable		2,000
Other liabilities	7,702	7,972
Total liabilities	166,152	155,984
Commitments and Contingencies (Note 8)
Stockholders' Equity
Common stock, par value $0.01 per share, 10,000,000 shares authorized, 5,615,583 and 5,541,029 shares issued, respectively, and 5,045,050 and 5,000,535 shares outstanding, respectively	56	55
Additional paid-in capital	111,414	108,770
Retained earnings	2,207	2,806
Accumulated other comprehensive income (loss), net of tax	2,203	(284)
Treasury stock, at cost, 570,533 and 540,494 shares, respectively	(19,483)	(18,294)
Total stockholders' equity	96,397	93,053
Total liabilities and stockholders' equity	$ 262,549	$ 249,037