v3.26.1
Significant Accounting Policies (Tables)
6 Months Ended
Apr. 30, 2026
Accounting Policies [Abstract]  
Schedule of Real Estate Assets and Liabilities Held for Sale
The table below summarizes the components of real estate assets and liabilities held for sale as of October 31, 2025 (amounts in thousands):
October 31, 2025
Cash and cash equivalents$773 
Property, construction and office equipment - net187,482 
Receivables, prepaid expenses and other assets111,483 
Investments in unconsolidated entities (1)
121,231 
Real estate and related assets held for sale
$420,969 
Loans payable$114,254 
Accrued expenses57,932 
Liabilities related to assets held for sale$172,186 
(1)    Includes investments in unconsolidated entities for 18 joint ventures as of October 31, 2025. At October 31, 2025, of these 18 joint ventures, six had remaining funding commitments of $23.5 million. Additionally, 16 of these 18 joint ventures had aggregate loan commitments of $1.24 billion and amounts outstanding under such commitments totaling $1.03 billion as of October 31, 2025. At October 31, 2025, our maximum estimated exposure under repayment and carry cost guarantees related to these loan commitments totaled $171.1 million and our exposure based on amounts outstanding at October 31, 2025 was $134.9 million. Notwithstanding the disposition of our interests in the related joint ventures, we expect to remain on certain of these guarantees until the guaranteed obligations are terminated or refinanced. We entered into reimbursement or similar agreements with Kennedy Wilson whereby Kennedy Wilson will reimburse us if we are required to fund repayment or carry cost guarantees.