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Commitments and Contingencies
12 Months Ended
Nov. 30, 2019
Commitments and Contingencies  
Commitments and Contingencies

10. Commitments and Contingencies

As of November 30, 2019, Griffin had committed purchase obligations of approximately $1,378, principally related to the development of its real estate assets.

On September 11, 2019, Griffin entered into an agreement to sell approximately seven acres of undeveloped land in Windsor, Connecticut for a purchase price of $750 in cash. Completion of this transaction is subject to the satisfactory outcome of the buyer’s due diligence and is scheduled to close in the fiscal 2020 first quarter. There is no guarantee that this transaction will be completed under its current terms, or at all.

From time to time, Griffin is involved, as a defendant, in various litigation matters arising in the ordinary course of business. In the opinion of management, based on the advice of legal counsel, the ultimate liability, if any, with respect to these matters is not expected to be material, individually or in the aggregate, to Griffin's consolidated financial position, results of operations or cash flows.