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Investments in Unconsolidated Entities (Tables) | 9 Months Ended
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Jul. 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 July 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 |  | 9 |  | 37
Investment in unconsolidated entities | $ | 116,464 |  |  | $ | 58,907 |  |  | $ | 157,657 |  |  | $ | 21,541 |  |  | $ | 354,569 |
Number of unconsolidated entities with funding commitments by the Company | 2 |  | 1 |  | 1 |  | 1 |  |  | 5
Company’s remaining funding commitment to unconsolidated entities | $ | 21,160 |  |  | $ | 1,400 |  |  | $ | 785 |  |  | $ | 9,621 |  |  | $ | 32,966 |
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 July 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 | 3 |  | 3 |  | 15 |  | 21
Aggregate loan commitments | $ | 100,859 |  |  | $ | 218,237 |  |  | $ | 1,148,687 |  |  | $ | 1,467,783 |
Amounts borrowed under loan commitments | $ | 91,635 |  |  | $ | 196,891 |  |  | $ | 936,268 |  |  | $ | 1,224,794 |
Condensed balance sheet | Condensed Balance Sheets:
| July 31, 2019 |  | October 31, 2018
Cash and cash equivalents | $ | 101,034 |  |  | $ | 102,462 |
Inventory | 729,583 |  |  | 973,990 |
Loans receivable, net | 56,954 |  |  | 40,065 |
Rental properties | 1,022,461 |  |  | 808,785 |
Rental properties under development | 377,210 |  |  | 437,586 |
Real estate owned | 12,316 |  |  | 14,838 |
Other assets | 169,746 |  |  | 166,029 |
Total assets | $ | 2,469,304 |  |  | $ | 2,543,755 |
Debt, net of deferred financing costs | $ | 1,217,077 |  |  | $ | 1,145,998 |
Other liabilities | 169,554 |  |  | 158,570 |
Members’ equity | 1,072,233 |  |  | 1,235,974 |
Noncontrolling interest | 10,440 |  |  | 3,213 |
Total liabilities and equity | $ | 2,469,304 |  |  | $ | 2,543,755 |
Company’s net investment in unconsolidated entities (1) | $ | 354,569 |  |  | $ | 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:
| Nine months ended July 31, |  | Three months ended July 31,
| 2019 |  | 2018 |  | 2019 |  | 2018
Revenues | $ | 511,226 |  |  | $ | 393,522 |  |  | $ | 179,608 |  |  | $ | 117,239 |
Cost of revenues | 443,740 |  |  | 303,209 |  |  | 154,787 |  |  | 93,799 |
Other expenses | 64,027 |  |  | 64,462 |  |  | 22,674 |  |  | 19,880 |
Total expenses | 507,767 |  |  | 367,671 |  |  | 177,461 |  |  | 113,679 |
Gain on disposition of loans and real estate owned | 4,383 |  |  | 52,444 |  |  | 689 |  |  | 25,964 |
Income from operations | 7,842 |  |  | 78,295 |  |  | 2,836 |  |  | 29,524 |
Other income | 31,584 |  |  | 106,141 |  |  | 29,846 |  |  | 25,275 |
Income before income taxes | 39,426 |  |  | 184,436 |  |  | 32,682 |  |  | 54,799 |
Income tax provision | 596 |  |  | 587 |  |  | 201 |  |  | 238 |
Net income including earnings from noncontrolling interests | 38,830 |  |  | 183,849 |  |  | 32,481 |  |  | 54,561 |
Less: income attributable to noncontrolling interest | (9,600 | ) |  | (28,017 | ) |  | (7,521 | ) |  | (16,079 | )
Net income attributable to controlling interest | $ | 29,230 |  |  | $ | 155,832 |  |  | $ | 24,960 |  |  | $ | 38,482 |
Company’s equity in earnings of unconsolidated entities (1) | $ | 17,759 |  |  | $ | 53,913 |  |  | $ | 7,200 |  |  | $ | 12,469 |
(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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