Investments in and Advances to Unconsolidated Entities (Tables)

12 Months Ended

Oct. 31, 2013

Investments in and Advances to Affiliates, Schedule of Investments [Abstract]

Condensed balance sheet aggregated by type of business

Condensed Balance Sheets:

	October 31, 2013
	Develop- ment Joint Ventures		Home Building Joint Ventures		Rental Property Joint Ventures		Structured Asset Joint Venture		Total
Cash and cash equivalents	$	30,826	$	31,164	$	35,014	$	40,097	$	137,101
Inventory	350,150		338,814		4,998				693,962
Non-performing loan portfolio							107,411		107,411
Rental properties					164,325				164,325
Rental properties under development					133,081				133,081
Real estate owned (“REO”)							202,259		202,259
Other assets (1)	12,700		70,180		18,526		155,921		257,327
Total assets	$	393,676	$	440,158	$	355,944	$	505,688	$	1,695,466
Debt (1)	135,200		11,977		235,226		155,900		538,303
Other liabilities	21,015		19,636		9,461		379		50,491
Members’ equity	237,461		408,545		111,257		139,764		897,027
Noncontrolling interest							209,645		209,645
Total liabilities and equity	$	393,676	$	440,158	$	355,944	$	505,688	$	1,695,466
Company’s net investment in unconsolidated entities (2)	$	142,448	$	166,271	$	68,711	$	25,703	$	403,133

	October 31, 2012
	Develop- ment Joint Ventures		Home Building Joint Ventures		Rental Property Joint Ventures		Structured Asset Joint Venture		Total
Cash and cash equivalents	$	17,189	$	24,964	$	26,167	$	44,176	$	112,496
Inventory	255,561		251,030		5,643				512,234
Non-performing loan portfolio							226,315		226,315
Rental properties					173,767				173,767
Rental properties under development					43,695				43,695
Real estate owned (“REO”)							254,250		254,250
Other assets (1)	12,427		72,289		9,193		237,476		331,385
Total assets	$	285,177	$	348,283	$	258,465	$	762,217	$	1,654,142
Debt (1)	$	96,362	$	11,755	$	213,725	$	311,801	$	633,643
Other liabilities	14,390		9,438		5,534		561		29,923
Members’ equity	174,425		327,090		39,206		179,942		720,663
Noncontrolling interest							269,913		269,913
Total liabilities and equity	$	285,177	$	348,283	$	258,465	$	762,217	$	1,654,142
Company’s net investment in unconsolidated entities (2)	$	116,452	$	135,688	$	41,134	$	37,343	$	330,617

(1) Included in other assets at October 31, 2013 and 2012 of the Structured Asset Joint Venture is $155.9 million and $237.5 million, respectively, of restricted cash held in a defeasance account which will be used to repay debt of the Structured Asset Joint Venture.

(2) Differences between the Company’s net investment in unconsolidated entities and its underlying equity in the net assets of the entities are primarily a result of the difference in the purchase price of a joint venture interest and its underlying equity, impairments related to the Company’s investments in unconsolidated entities, a loan made to one of the entities by the Company, interest capitalized on the Company's investment and distributions from entities in excess of the carrying amount of the Company’s net investment.

Condensed statements of operations aggregate by type of business

Condensed Statements of Operations:

	For the year ended October 31, 2013
	Develop- ment Joint Ventures		Home Building Joint Ventures		Rental Property Joint Ventures		Structured Asset Joint Venture			Total
Revenues	$	43,937	$	40,386	$	38,727	$	37,492		$	160,542
Cost of revenues	20,142		36,208		16,704		30,496			103,550
Other expenses	1,146		2,554		20,875		3,399			27,974
Total expenses	21,288		38,762		37,579		33,895			131,524
Gain on disposition of loans and REO							68,323			68,323
Income from operations	22,649		1,624		1,148		71,920			97,341
Other income	11		571		86		329			997
Net income	22,660		2,195		1,234		72,249			98,338
Less: income attributable to noncontrolling interest							(43,349		)	(43,349		)
Net income attributable to controlling interest	22,660		2,195		1,234		28,900			54,989
Other comprehensive income					922					922
Total comprehensive income	$	22,660	$	2,195	$	2,156	$	28,900		$	55,911
Company’s equity in earnings of unconsolidated entities (3)	$	3,288	$	1,471	$	3,965	$	5,668		$	14,392

	For the year ended October 31, 2012
	Develop- ment Joint Ventures		Home Building Joint Ventures		Rental Property Joint Ventures		Structured Asset Joint Venture			Total
Revenues	$	39,278	$	89,947	$	37,035	$	31,686		$	197,946
Cost of revenues	36,315		65,068		13,985		32,828			148,196
Other expenses	1,414		3,477		21,226		8,646			34,763
Total expenses	37,729		68,545		35,211		41,474			182,959
Gain on disposition of loans and REO							42,244			42,244
Income from operations	1,549		21,402		1,824		32,456			57,231
Other income	2,658		153		4		691			3,506
Net income	4,207		21,555		1,828		33,147			60,737
Less: income attributable to noncontrolling interest							(19,888		)	(19,888		)
Net income attributable to controlling interest	4,207		21,555		1,828		13,259			40,849
Other comprehensive income										—
Total comprehensive income	$	4,207	$	21,555	$	1,828	$	13,259		$	40,849
Company’s equity in earnings of unconsolidated entities (3)	$	3,995	$	15,303	$	1,602	$	2,692		$	23,592

	For the year ended October 31, 2011
	Develop- ment Joint Ventures			Home Building Joint Ventures		Rental Property Joint Ventures		Structured Asset Joint Venture			Total
Revenues	$	4,624		$	242,326	$	37,728	$	46,187		$	330,865
Cost of revenues	3,996			191,922		15,365		30,477			241,760
Other expenses	1,527			6,988		20,774		10,624			39,913
Total expenses	5,523			198,910		36,139		41,101			281,673
Gain on disposition of loans and REO								61,406			61,406
Income from operations	(899		)	43,416		1,589		66,492			110,598
Other income	9,498			68		1,537		252			11,355
Net income	8,599			43,484		3,126		66,744			121,953
Less: income attributable to noncontrolling interest								(40,048		)	(40,048		)
Net income attributable to controlling interest	8,599			43,484		3,126		26,696			81,905
Other comprehensive income											—
Total comprehensive income	$	8,599		$	43,484	$	3,126	$	26,696		$	81,905
Company’s equity in earnings of unconsolidated entities (3)	$	(25,272	)	$	14,895	$	3,844	$	5,339		$	(1,194	)

(3) Differences between the Company’s equity in earnings (losses) of unconsolidated entities and the underlying net income of the entities are primarily a result of impairments related to the Company’s investments in unconsolidated entities, distributions from entities in excess of the carrying amount of the Company’s net investment and the Company’s share of the entities profits related to home sites purchased by the Company that reduces the Company’s cost basis of the home sites.