Investment in Retirement Community Limited Partnership

9 Months Ended

Aug. 04, 2018

Equity Method Investments and Joint Ventures [Abstract]

Investment in Retirement Community Limited Partnership

Note 6 Investment in Retirement Community Limited Partnership

The Company has a 31.3% limited partnership interest in Walden Woods South LLC (“Walden Woods”), which owns and operates a retirement community. The Company’s investment in Walden Woods is fully impaired at August 4, 2018 and November 4, 2017.

On March 31, 2016, the Company sold its 48.5% limited partnership interest in CRF III, Ltd. (“Cypress Creek”) for $3,990,000. The Company received $960,000 cash and a note receivable for $3,030,000, plus interest at 3.0% payable in $500,000 semi-annual installments through July 1, 2019. During the three months ended May 2018, this note receivable and all accrued interest was paid in full.