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Investments in Unconsolidated Joint Ventures (Tables)
 9 Months Ended
Aug. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]  
Statements of Operations of Unconsolidated Joint Ventures
The following table presents combined condensed information from the statements of operations of our unconsolidated joint ventures (in thousands):

 
Nine Months Ended August 31,
 
Three Months Ended August 31,
 
2015
 
2014
 
2015
 
2014
Revenues
$
9,758

 
$
6,118

 
$
3,338

 
$
—

Construction and land costs
(17,373
)
 
(3,523
)
 
(3,381
)
 
—

Other expense, net
(2,164
)
 
(3,088
)
 
(753
)
 
(1,050
)
Loss
$
(9,779
)
 
$
(493
)
 
$
(796
)
 
$
(1,050
)
Balance Sheets of Unconsolidated Joint Ventures
The following table presents combined condensed balance sheet information for our unconsolidated joint ventures (in thousands):
 
August 31,
2015
 
November 30,
2014
Assets
 
 
 
Cash
$
23,454

 
$
23,699

Receivables
7,631

 
5,106

Inventories
169,471

 
153,427

Other assets
658

 
—

Total assets
$
201,214

 
$
182,232

Liabilities and equity
 
 
 
Accounts payable and other liabilities
$
16,832

 
$
10,824

Notes payable (a)
31,963

 
—

Equity
152,419

 
171,408

Total liabilities and equity
$
201,214

 
$
182,232


(a)
On August 28, 2015, one of our unconsolidated joint ventures entered into a construction loan agreement with a third-party lender to finance its land development activities that is secured by the underlying property and related project assets. The unconsolidated joint venture’s outstanding secured debt is non-recourse to us and is scheduled to mature in August 2018. None of our other unconsolidated joint ventures had outstanding debt at August 31, 2015. None of our unconsolidated joint ventures had outstanding debt at November 30, 2014.
Information Related Investments in Unconsolidated Joint Ventures
The following table presents information relating to our investments in unconsolidated joint ventures (dollars in thousands):
 
August 31,
2015
 
November 30,
2014
Number of investments in unconsolidated joint ventures
7

 
6

Investments in unconsolidated joint ventures
$
72,800

 
$
79,441

Number of unconsolidated joint venture lots controlled under land option contracts and other similar contracts
538

 
618