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Mortgage Loans (Tables)
12 Months Ended
Nov. 30, 2018
Mortgage and Construction Loans  
Schedule of mortgage and construction loans

 

 

 

 

 

 

 

 

    

Nov. 30, 2018

    

Nov. 30, 2017

3.91%, due January 27, 2020 *

 

$

3,345

 

$

3,478

4.72%, due October 3, 2022 *

 

 

4,273

 

 

4,367

4.39%, due January 2, 2025 *

 

 

19,674

 

 

20,221

4.17%, due May 1, 2026 *

 

 

13,487

 

 

13,844

3.79%, November 17, 2026 *

 

 

25,402

 

 

26,076

4.39%, due August 1, 2027 *

 

 

10,284

 

 

10,523

3.97%, due September 1, 2027

 

 

11,898

 

 

12,115

4.57%, due February 1, 2028 *

 

 

18,482

 

 

 —

5.09%, due July 1, 2029

 

 

6,172

 

 

6,597

5.09%, due July 1, 2029

 

 

4,324

 

 

4,622

4.33%, due August 1, 2030

 

 

16,978

 

 

17,308

4.45%, due March 1, 2027 *

 

 

 —

 

 

11,826

Nonrecourse mortgage loans

 

 

134,319

 

 

130,977

Debt issuance costs

 

 

(1,723)

 

 

(1,774)

Nonrecourse mortgage loans, net of debt issuance costs

 

 

132,596

 

 

129,203

 

 

 

 

 

 

 

4.51% construction loan

 

 

12,842

 

 

 —

Debt issuance costs

 

 

(386)

 

 

 —

Construction loan, net of debt issuance costs

 

 

12,456

 

 

 —

 

 

 

 

 

 

 

Mortgage and construction loans, net of debt issuance costs

 

$

145,052

 

$

129,203


*

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