Mortgage and Construction Loans (Tables)

3 Months Ended

Feb. 29, 2020

Schedule of mortgage and construction loans


	Feb. 29, 2020		Nov. 30, 2019
4.72%, due October 3, 2022 *	$	4,148	$	4,174
4.39%, due January 2, 2025 *		18,954		19,101
4.17%, due May 1, 2026 *		13,021		13,115
3.79%, due November 17, 2026 *		24,522		24,701
4.39%, due August 1, 2027 *		9,969		10,034
3.97%, due September 1, 2027		11,615		11,673
4.57%, due February 1, 2028 *		17,965		18,069
5.09%, due July 1, 2029		5,609		5,725
5.09%, due July 1, 2029		3,930		4,011
3.60%, due January 2, 2030 *		6,487		—
3.48%, due February 1, 2030		15,000		—
4.33%, due August 1, 2030		16,546		16,634
4.51%, due April 1, 2034		13,953		14,030
3.91%, due January 27, 2020 *		—		3,206
Nonrecourse mortgage loans		161,719		144,473
Debt issuance costs		(2,224)		(1,898)
Nonrecourse mortgage loans, net of debt issuance costs		159,495		142,575

*Variable rate loans. Griffin has entered into interest rate swap agreements to effectively fix the interest rates on these loans to the rates reflected above.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details