Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2019	Nov. 30, 2018
ASSETS
Real estate assets at cost, net	$ 227,909	$ 213,621
Cash and cash equivalents	4,410	8,592
Short-term investments	9,011	17,000
Deferred income taxes	2,842	1,556
Real estate assets held for sale, net	2,137	2,652
Other assets	21,715	20,048
Total assets	268,024	263,469
LIABILITIES AND STOCKHOLDERS' EQUITY
Mortgage and construction loans, net of debt issuance costs	143,571	145,052
Deferred revenue	11,897	10,599
Accounts payable and accrued liabilities	4,816	3,333
Dividend payable		2,279
Other liabilities	13,271	7,378
Total liabilities	173,555	168,641
Commitments and Contingencies (Note 8)
Stockholders' Equity
Common stock, par value $0.01 per share, 10,000,000 shares authorized, 5,665,544 and 5,635,706 shares issued, respectively, and 5,072,621 and 5,065,173 shares outstanding, respectively	57	56
Additional paid-in capital	113,132	112,071
Retained earnings (deficit)	6,039	(211)
Accumulated other comprehensive (loss) income, net of tax	(4,430)	2,395
Treasury stock, at cost, 592,923 and 570,533 shares, respectively	(20,329)	(19,483)
Total stockholders' equity	94,469	94,828
Total liabilities and stockholders' equity	$ 268,024	$ 263,469