Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 30, 2019	Nov. 30, 2018
ASSETS
Real estate assets at cost, net	$ 238,614	$ 213,621
Cash and cash equivalents	5,874	8,592
Short-term investments	1,011	17,000
Deferred income taxes	3,281	1,556
Real estate assets held for sale, net	2,137	2,652
Other assets	17,578	20,048
Total assets	268,495	263,469
LIABILITIES AND STOCKHOLDERS' EQUITY
Mortgage and construction loans, net of debt issuance costs	142,575	145,052
Deferred revenue	10,918	10,599
Revolving lines of credit	5,875
Accounts payable and accrued liabilities	4,318	3,333
Dividend payable	2,538	2,279
Other liabilities	11,509	7,378
Total liabilities	177,733	168,641
Commitments and Contingencies (Note 10)
Stockholders' Equity
Common stock, par value $0.01 per share, 10,000,000 shares authorized, 5,668,043 and 5,635,706 shares issued, respectively, and 5,075,120 and 5,065,173 shares outstanding, respectively	57	56
Additional paid-in capital	113,256	112,071
Retained earnings (deficit)	919	(211)
Accumulated other comprehensive (loss) income, net of tax	(3,141)	2,395
Treasury stock, at cost, 592,923 and 570,533 shares, respectively	(20,329)	(19,483)
Total stockholders' equity	90,762	94,828
Total liabilities and stockholders' equity	$ 268,495	$ 263,469