Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 30, 2018	Nov. 30, 2017
ASSETS
Real estate assets at cost, net	$ 213,621	$ 196,740
Cash and cash equivalents	8,592	30,068
Short-term investments	17,000
Deferred income taxes	1,556	1,904
Real estate assets held for sale	2,652	1,932
Other assets	20,048	18,393
Total assets	263,469	249,037
LIABILITIES AND STOCKHOLDERS' EQUITY
Mortgage and construction loans, net of debt issuance costs	145,052	129,203
Deferred revenue	10,599	11,818
Accounts payable and accrued liabilities	3,333	4,991
Dividend payable	2,279	2,000
Other liabilities	7,378	7,972
Total liabilities	168,641	155,984
Commitments and Contingencies (Note 8)
Stockholders' Equity
Common stock, par value $0.01 per share, 10,000,000 shares authorized, 5,635,706 and 5,541,029 shares issued, respectively, and 5,065,173 and 5,000,535 shares outstanding, respectively	56	55
Additional paid-in capital	112,071	108,770
Retained earnings (deficit)	(211)	2,806
Accumulated other comprehensive income (loss), net of tax	2,395	(284)
Treasury stock, at cost, 570,533 and 540,494 shares, respectively	(19,483)	(18,294)
Total stockholders' equity	94,828	93,053
Total liabilities and stockholders' equity	$ 263,469	$ 249,037