Mortgage Loans (Tables)

3 Months Ended

Feb. 28, 2019

Mortgage and Construction Loans

Schedule of mortgage and construction loans

	Feb. 28, 2019		Nov. 30, 2018
3.91%, due January 27, 2020 *	$	3,311	$	3,345
4.72%, due October 3, 2022 *		4,248		4,273
4.39%, due January 2, 2025 *		19,534		19,674
4.17%, due May 1, 2026 *		13,397		13,487
3.79%, November 17, 2026 *		25,229		25,402
4.39%, due August 1, 2027 *		10,222		10,284
3.97%, due September 1, 2027		11,843		11,898
4.57%, due February 1, 2028 *		18,383		18,482
5.09%, due July 1, 2029		6,062		6,172
5.09%, due July 1, 2029		4,247		4,324
4.33%, due August 1, 2030		16,894		16,978
Nonrecourse mortgage loans		133,370		134,319
Debt issuance costs		(1,669)		(1,723)
Nonrecourse mortgage loans, net of debt issuance costs		131,701		132,596
4.51% construction loan		12,983		12,842
Debt issuance costs		(380)		(386)
Construction loan, net of debt issuance costs		12,603		12,456
Mortgage and construction loans, net of debt issuance costs	$	144,304	$	145,052

*Variable rate loans. Griffin has entered into interest rate swap agreements to effectively fix the interest rates on these loans to the rates reflected above.