Mortgage Loans (Tables)

12 Months Ended

Nov. 30, 2019

Schedule of mortgage and construction loans


	Nov. 30, 2019		Nov. 30, 2018
3.91%, due January 27, 2020 *	$	3,206	$	3,345
4.72%, due October 3, 2022 *		4,174		4,273
4.39%, due January 2, 2025 *		19,101		19,674
4.17%, due May 1, 2026 *		13,115		13,487
3.79%, due November 17, 2026 *		24,701		25,402
4.39%, due August 1, 2027 *		10,034		10,284
3.97%, due September 1, 2027		11,673		11,898
4.57%, due February 1, 2028 *		18,069		18,482
5.09%, due July 1, 2029		5,725		6,172
5.09%, due July 1, 2029		4,011		4,324
4.33%, due August 1, 2030		16,634		16,978
4.51%, due April 1, 2034		14,030		—
Nonrecourse mortgage loans		144,473		134,319
Debt issuance costs		(1,898)		(1,723)
Nonrecourse mortgage loans, net of debt issuance costs		142,575		132,596

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	$	142,575	$	145,052

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

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details