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Investments in Unconsolidated Entities (Tables) | 6 Months Ended
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Apr. 30, 2020
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 April 30, 2020, 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 | 8 |  | 4 |  | 22 |  | 7 |  | 41
Investment in unconsolidated entities | $ | 103,301 |  |  | $ | 42,961 |  |  | $ | 197,377 |  |  | $ | 20,402 |  |  | $ | 364,041 |
Number of unconsolidated entities with funding commitments by the Company | 2 |  | — |  | 3 |  | 1 |  |  | 6
Company’s remaining funding commitment to unconsolidated entities | $ | 27,530 |  |  | $ | — |  |  | $ | 11,514 |  |  | $ | 6,232 |  |  | $ | 45,276 |
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 April 30, 2020, 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 |  | 1 |  | 20 |  |  |  | 24
Aggregate loan commitments | $ | 110,842 |  |  | $ | 62,384 |  |  | $ | 1,516,624 |  |  |  |  | $ | 1,689,850 |
Amounts borrowed under loan commitments | $ | 95,900 |  |  | $ | 62,384 |  |  | $ | 1,082,342 |  |  |  |  | $ | 1,240,626 |
Condensed balance sheet | Condensed Balance Sheets:
| April 30, 2020 |  | October 31, 2019
Cash and cash equivalents | $ | 112,569 |  |  | $ | 85,819 |
Inventory | 487,705 |  |  | 579,226 |
Loans receivable, net | 33,287 |  |  | 56,545 |
Rental properties | 1,000,062 |  |  | 1,021,848 |
Rental properties under development | 708,022 |  |  | 535,197 |
Real estate owned | 12,298 |  |  | 12,267 |
Other assets | 170,698 |  |  | 212,761 |
Total assets | $ | 2,524,641 |  |  | $ | 2,503,663 |
Debt, net of deferred financing costs | $ | 1,229,197 |  |  | $ | 1,226,857 |
Other liabilities | 186,831 |  |  | 175,827 |
Members’ equity | 1,108,232 |  |  | 1,100,563 |
Noncontrolling interest | 381 |  |  | 416 |
Total liabilities and equity | $ | 2,524,641 |  |  | $ | 2,503,663 |
Company’s net investment in unconsolidated entities (1) | $ | 364,041 |  |  | $ | 366,252 |
(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 other than temporary 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:
| Six months ended April 30, |  |  |  | Three months ended April 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Revenues | $ | 212,282 |  |  | $ | 331,617 |  |  | $ | 79,112 |  |  | $ | 178,388 |
Cost of revenues | 145,349 |  |  | 288,951 |  |  | 50,041 |  |  | 157,196 |
Other expenses | 73,182 |  |  | 41,354 |  |  | 32,066 |  |  | 22,879 |
Total expenses | 218,531 |  |  | 330,305 |  |  | 82,107 |  |  | 180,075 |
Gain on disposition of loans and real estate owned | — |  |  | 3,694 |  |  | — |  |  | — |
(Loss) income from operations | (6,249) |  |  | 5,006 |  |  | (2,995) |  |  | (1,687) |
Other income (loss) | 529 |  |  | 1,737 |  |  | (84) |  |  | 1,090 |
(Loss) income before income taxes | (5,720) |  |  | 6,743 |  |  | (3,079) |  |  | (597) |
Income tax (benefit) provision | (147) |  |  | 225 |  |  | (287) |  |  | (40) |
Net (loss) income including earnings from noncontrolling interests | (5,573) |  |  | 6,518 |  |  | (2,792) |  |  | (557) |
Less: income (loss) attributable to noncontrolling interest | — |  |  | (2,078) |  |  | — |  |  | 31 |
Net (loss) income attributable to controlling interest | $ | (5,573) |  |  | $ | 4,440 |  |  | $ | (2,792) |  |  | $ | (526) |
Company’s equity in earnings of unconsolidated entities (1) | $ | 7,870 |  |  | $ | 10,559 |  |  | $ | (4,271) |  |  | $ | 4,419 |
(1) Differences between our equity in earnings of unconsolidated entities and the underlying net income of the entities are primarily a result of distributions from entities in excess of the carrying amount of our net investment; other than temporary impairments related to our investments in unconsolidated entities; recoveries of previously incurred charges; unrealized gains on our retained joint venture interests; gains recognized from the sale of our investment to our joint venture partner; 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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