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Investments in Unconsolidated Joint Ventures (Tables)
 9 Months Ended
Aug. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Statements of Operations of Unconsolidated Joint Ventures
The following table presents combined condensed information from the statements of operations of our unconsolidated joint ventures (in thousands):
 
Three Months Ended August 31,
 
Nine Months Ended August 31,
 
2017
 
2016
 
2017
 
2016
Revenues
$
12,802

 
$
19,338

 
$
39,604

 
$
41,190

Construction and land costs
(12,832
)
 
(19,383
)
 
(37,625
)
 
(45,379
)
Other expense, net
(1,294
)
 
(1,008
)
 
(3,547
)
 
(3,599
)
Loss
$
(1,324
)
 
$
(1,053
)
 
$
(1,568
)
 
$
(7,788
)
Balance Sheets of Unconsolidated Joint Ventures
The following table presents combined condensed balance sheet information for our unconsolidated joint ventures (in thousands):
 
August 31,
2017
 
November 30,
2016
Assets
 
 
 
Cash
$
21,372

 
$
31,928

Receivables
797

 
882

Inventories
145,299

 
165,385

Other assets
2,270

 
629

Total assets
$
169,738

 
$
198,824

 
 
 
 
Liabilities and equity
 
 
 
Accounts payable and other liabilities
$
19,174

 
$
19,880

Notes payable (a)
25,618

 
44,381

Equity
124,946

 
134,563

Total liabilities and equity
$
169,738

 
$
198,824


(a)
Two of our unconsolidated joint ventures have separate construction loan agreements with different third-party lenders to finance their respective land development activities. The outstanding debt under these agreements is secured by the corresponding underlying property and related project assets and is non-recourse to us. Of this outstanding secured debt at August 31, 2017, $24.8 million is scheduled to mature in August 2018 and the remainder is scheduled to mature in February 2020. At November 30, 2016, only one of these unconsolidated joint ventures had outstanding secured debt. None of our other unconsolidated joint ventures had any outstanding debt at August 31, 2017 or November 30, 2016
Information Related Investments in Unconsolidated Joint Ventures
The following table presents additional information relating to our investments in unconsolidated joint ventures (dollars in thousands):
 
 
August 31,
2017
 
November 30,
2016
Number of investments in unconsolidated joint ventures
 
7

 
7

Investments in unconsolidated joint ventures
 
$
64,513

 
$
64,016

Number of unconsolidated joint venture lots controlled under land option contracts and other similar contracts
 
388

 
471