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Investments in Unconsolidated Entities (Tables) | 3 Months Ended
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Jan. 31, 2019
Investments in and Advances to Affiliates, Schedule of Investments [Abstract] |
Summary of Joint Venture Information [Table Text Block] | The table below provides information as of January 31, 2019, regarding active joint ventures that we are invested in, by joint venture category ($ amounts in thousands):
| Land Development Joint Ventures |  | Home Building Joint Ventures |  | Rental Property Joint Ventures |  | Gibraltar Joint Ventures |  | Total
Number of unconsolidated entities | 7 |  | 4 |  | 17 |  | 7 |  | 35
Investment in unconsolidated entities | $ | 154,633 |  |  | $ | 63,075 |  |  | $ | 174,627 |  |  | $ | 17,039 |  |  | $ | 409,374 |
Number of unconsolidated entities with funding commitments by the Company | 3 |  | 1 |  | 1 |  | 1 |  |  | 6
Company’s remaining funding commitment to unconsolidated entities | $ | 15,869 |  |  | $ | 1,400 |  |  | $ | 1,150 |  |  | $ | 9,621 |  |  | $ | 28,040 |
Summary of Joint Ventures Borrowing information [Table Text Block] | Certain joint ventures in which we have investments obtained debt financing to finance a portion of their activities. The table below provides information at January 31, 2019, regarding the debt financing obtained by category ($ amounts in thousands):
| Land Development Joint Ventures |  | Home Building Joint Ventures |  | Rental Property Joint Ventures |  | Total
Number of joint ventures with debt financing | 4 |  | 3 |  | 16 |  | 23
Aggregate loan commitments | $ | 97,132 |  |  | $ | 381,116 |  |  | $ | 1,144,944 |  |  | $ | 1,623,192 |
Amounts borrowed under loan commitments | $ | 78,487 |  |  | $ | 309,556 |  |  | $ | 819,672 |  |  | $ | 1,207,715 |
Condensed balance sheet | Condensed Balance Sheets:
| January 31, 2019 |  | October 31, 2018
Cash and cash equivalents | $ | 102,587 |  |  | $ | 102,462 |
Inventory | 892,412 |  |  | 973,990 |
Loans receivable, net | 36,778 |  |  | 40,065 |
Rental properties | 879,352 |  |  | 808,785 |
Rental properties under development | 485,442 |  |  | 437,586 |
Real estate owned | 14,857 |  |  | 14,838 |
Other assets | 166,650 |  |  | 166,029 |
Total assets | $ | 2,578,078 |  |  | $ | 2,543,755 |
Debt, net of deferred financing costs | $ | 1,201,125 |  |  | $ | 1,145,998 |
Other liabilities | 184,267 |  |  | 158,570 |
Members’ equity | 1,187,758 |  |  | 1,235,974 |
Noncontrolling interest | 4,928 |  |  | 3,213 |
Total liabilities and equity | $ | 2,578,078 |  |  | $ | 2,543,755 |
Company’s net investment in unconsolidated entities (1) | $ | 409,374 |  |  | $ | 431,813 |
(1) Differences between our net investment in unconsolidated entities and our underlying equity in the net assets of the entities are primarily a result of impairments related to our investments in unconsolidated entities; interest capitalized on our investments; the estimated fair value of the guarantees provided to the joint ventures; unrealized gains on our retained joint venture interests; gains recognized from the sale of our ownership interests; and distributions from entities in excess of the carrying amount of our net investment.
Condensed statements of operations and comprehensive income | Condensed Statements of Operations:
| Three months ended January 31,
| 2019 |  | 2018
Revenues | $ | 153,230 |  |  | $ | 193,620 |
Cost of revenues | 131,755 |  |  | 148,750 |
Other expenses | 18,475 |  |  | 24,286 |
Total expenses | 150,230 |  |  | 173,036 |
Gain on disposition of loans and real estate owned | 3,694 |  |  | 14,671 |
Income from operations | 6,694 |  |  | 35,255 |
Other income | 647 |  |  | 79,363 |
Income before income taxes | 7,341 |  |  | 114,618 |
Income tax provision | 265 |  |  | 198 |
Net income including earnings from noncontrolling interests | 7,076 |  |  | 114,420 |
Less: income attributable to noncontrolling interest | (2,109 | ) |  | (6,082 | )
Net income attributable to controlling interest | $ | 4,967 |  |  | $ | 108,338 |
Company’s equity in earnings of unconsolidated entities (1) | $ | 6,140 |  |  | $ | 38,880 |
(1) Differences between our equity in earnings of unconsolidated entities and the underlying net income of the entities are primarily a result of a basis difference of an acquired joint venture interest; distributions from entities in excess of the carrying amount of our net investment; recoveries of previously incurred charges; unrealized gains on our retained joint venture interests; and our share of the entities’ profits related to home sites purchased by us which reduces our cost basis of the home sites acquired.

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