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Investments in Unconsolidated Joint Ventures (Financial Information for Unconsolidated Joint Ventures) (Details) - USD ($)
$ in Thousands
3 Months Ended
Feb. 29, 2020
Feb. 28, 2019
Nov. 30, 2019
Statements of operations of unconsolidated joint venture      
Revenues $ 27,547 $ 12,192  
Construction and land costs (21,543) (12,220)  
Other expense, net (2,107) (628)  
Income (loss) 3,897 $ (656)  
Assets      
Cash 38,454   $ 23,965
Inventories 126,240   139,536
Other assets 730   792
Total assets 165,424   164,293
Liabilities and equity      
Accounts payable and other liabilities 13,352   13,282
Notes payable [1] 39,463   40,672
Equity Method Investment Summarized Financial Information, Equity 112,609   110,339
Total liabilities and equity $ 165,424   $ 164,293
[1]
As of both February 29, 2020 and November 30, 2019, we had investments in five unconsolidated joint ventures, one of which had a construction loan agreement with a third-party lender to finance its land development activities. The outstanding debt is secured by the underlying property and related project assets and is non-recourse to us. All of the outstanding secured debt at February 29, 2020 is scheduled to mature in February 2021. However, the loan agreement provides for a one-year extension beyond this date. None of our other unconsolidated joint ventures had outstanding debt at February 29, 2020 or November 30, 2019.