Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 29, 2020	Nov. 30, 2019
ASSETS
Real estate assets at cost, net	$ 240,495	$ 238,614
Cash and cash equivalents	8,695	5,874
Short-term investments		1,011
Deferred income taxes	4,224	3,281
Real estate assets held for sale	7,496	2,137
Other assets	19,550	17,578
Total assets	280,460	268,495
LIABILITIES AND STOCKHOLDERS' EQUITY
Mortgage and construction loans, net of debt issuance costs	159,495	142,575
Deferred revenue	9,984	10,918
Revolving lines of credit	4,100	5,875
Accounts payable and accrued liabilities	4,754	4,318
Dividend payable		2,538
Other liabilities	14,057	11,509
Total liabilities	192,390	177,733
Commitments and Contingencies (Note 9)
Stockholders' Equity
Common stock, par value $0.01 per share, 10,000,000 shares authorized, 5,668,043 shares issued and 5,075,120 shares outstanding	57	57
Additional paid-in capital	113,313	113,256
Retained earnings (deficit)	599	919
Accumulated other comprehensive (loss) income, net of tax	(5,570)	(3,141)
Treasury stock, at cost, 592,923 shares	(20,329)	(20,329)
Total stockholders' equity	88,070	90,762
Total liabilities and stockholders' equity	$ 280,460	$ 268,495