Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 28, 2019	Nov. 30, 2018
ASSETS
Real estate assets at cost, net	$ 213,936	$ 213,621
Cash and cash equivalents	7,745	8,592
Short-term investments	15,000	17,000
Deferred income taxes	2,146	1,556
Real estate assets held for sale	1,858	2,652
Other assets	18,166	20,048
Total assets	258,851	263,469
LIABILITIES AND STOCKHOLDERS' EQUITY
Mortgage and construction loans, net of debt issuance costs	144,304	145,052
Deferred revenue	9,683	10,599
Accounts payable and accrued liabilities	4,363	3,333
Dividend payable		2,279
Other liabilities	7,627	7,378
Total liabilities	165,977	168,641
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	56
Additional paid-in capital	112,161	112,071
Retained earnings (deficit)	(797)	(211)
Accumulated other comprehensive income (loss), net of tax	937	2,395
Treasury stock, at cost, 570,533 and 540,494 shares, respectively	(19,483)	(19,483)
Total stockholders' equity	92,874	94,828
Total liabilities and stockholders' equity	$ 258,851	$ 263,469