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Mortgage Loans (Tables)
12 Months Ended
Nov. 30, 2017
Mortgage Loans  
Schedule of mortgage loans

 

 

 

 

 

 

 

 

 

    

Nov. 30, 2017

    

Nov. 30, 2016

 

Variable rate, due January 27, 2020 *

 

$

3,478

 

$

3,606

 

Variable rate, due October 3, 2022 *

 

 

4,367

 

 

 —

 

Variable rate, due January 2, 2025 *

 

 

20,221

 

 

20,744

 

Variable rate, due May 1, 2026 *

 

 

13,844

 

 

14,187

 

Variable rate, due November 17, 2026 *

 

 

26,076

 

 

26,725

 

Variable rate, due March 1, 2027 *

 

 

11,826

 

 

 —

 

Variable rate, due August 1, 2027 *

 

 

10,523

 

 

 —

 

3.97%, due September 1, 2027

 

 

12,115

 

 

 —

 

5.09%, due July 1, 2029

 

 

6,597

 

 

7,001

 

5.09%, due July 1, 2029

 

 

4,622

 

 

4,905

 

4.33%, due August 1, 2030

 

 

17,308

 

 

17,624

 

Variable rate, due October 2, 2017  *

 

 

 —

 

 

6,034

 

Variable rate, due February 1, 2019  *

 

 

 —

 

 

10,313

 

Nonrecourse mortgage loans prior to debt issuance costs

 

 

130,977

 

 

111,139

 

Debt issuance costs, net

 

 

(1,774)

 

 

(1,442)

 

Nonrecourse mortgage loans, net

 

$

129,203

 

$

109,697

 


*

Griffin entered into interest rate swap agreements to effectively fix the interest rates on these loans (see below).