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Investments in Unconsolidated Joint Ventures (Tables)
 9 Months Ended
Aug. 31, 2019
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,
 
2019
 
2018
 
2019
 
2018
Revenues
$
5,729

 
$
35,391

 
$
21,707

 
$
52,015

Construction and land costs
(5,686
)
 
(22,211
)
 
(21,704
)
 
(38,866
)
Other expense, net
(708
)
 
(226
)
 
(1,946
)
 
(2,209
)
Income (loss)
$
(665
)
 
$
12,954

 
$
(1,943
)
 
$
10,940
Balance Sheets of Unconsolidated Joint Ventures
The following table presents combined condensed balance sheet information for our unconsolidated joint ventures (in thousands):
 
August 31,
2019
 
November 30,
2018
Assets
 
 
 
Cash
$
27,282

 
$
18,567

Inventories
134,524

 
131,074

Other assets
969

 
530

Total assets
$
162,775

 
$
150,171

 
 
 
 
Liabilities and equity
 
 
 
Accounts payable and other liabilities
$
14,133

 
$
11,374

Notes payable (a)
37,340

 
17,956

Equity
111,302

 
120,841

Total liabilities and equity
$
162,775

 
$
150,171


(a)
As of August 31, 2019 and November 30, 2018, one of our unconsolidated joint ventures had a construction loan agreement with a third-party lender to finance its land development activities, with the outstanding debt secured by the underlying property and related project assets and non-recourse to us. All of the outstanding secured debt at August 31, 2019 is scheduled to mature in February 2020. None of our other unconsolidated joint ventures had outstanding debt at August 31, 2019 or November 30, 2018
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,
2019
 
November 30,
2018
Number of investments in unconsolidated joint ventures
 
6

 
6

Investments in unconsolidated joint ventures
 
$
57,168

 
$
61,960

Number of unconsolidated joint venture lots controlled under land option contracts and other similar contracts
 
8

 
36