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Lennar Multifamily Segment (Tables) - Lennar Multifamily [Member]
3 Months Ended
Feb. 29, 2016
Segment Reporting Information [Line Items]  
Schedule Of Assets and Liabilities By Segment
The assets and liabilities related to the Lennar Multifamily segment were as follows:
(In thousands)
February 29,
2016
 
November 30,
2015
Assets:
 
 
 
Cash and cash equivalents
$
6,062

 
8,041

Land under development
145,917

 
115,982

Consolidated inventory not owned
5,508

 
5,508

Investments in unconsolidated entities
257,719

 
250,876

Other assets
35,902

 
34,945

 
$
451,108

 
415,352

Liabilities:
 
 
 
Accounts payable and other liabilities
$
57,300

 
62,943

Liabilities related to consolidated inventory not owned
4,007

 
4,007

 
$
61,307

 
66,950


Condensed Financial Information By Equity Method Investment, Balance Sheets
Summarized condensed financial information on a combined 100% basis related to Lennar Multifamily's investments in unconsolidated entities that are accounted for by the equity method was as follows:
Balance Sheets
(In thousands)
February 29,
2016
 
November 30,
2015
Assets:
 
 
 
Cash and cash equivalents
$
43,252

 
39,579

Operating properties and equipment
1,563,679

 
1,398,244

Other assets
31,931

 
25,925

 
$
1,638,862

 
1,463,748

Liabilities and equity:
 
 
 
Accounts payable and other liabilities
$
210,231

 
179,551

Notes payable
520,177

 
466,724

Equity
908,454

 
817,473

 
$
1,638,862

 
1,463,748

Condensed Financial Information By Equity Method Investment, Statements Of Operations
Statements of Operations
 
Three Months Ended
 
February 29,
 
February 28,
(In thousands)
2016
 
2015
Revenues
$
8,314

 
2,094

Costs and expenses
11,672

 
2,994

Other income, net
40,122

 

Net earnings (loss) of unconsolidated entities
$
36,764

 
(900
)
Lennar Multifamily equity in earnings (loss) from unconsolidated entities (1)
$
19,686

 
(178
)
(1)
For the three months ended February 29, 2016, Lennar Multifamily equity in earnings from unconsolidated entities included the segment's $20.4 million share of a gain as a result of the sale of an operating property by one of its unconsolidated entities.