Subsequent Events (Tables)

12 Months Ended

Dec. 31, 2023

Subsequent Event [Line Items]

Summary of Partnership's Derivative Instruments

In January 2024, the Partnership entered into an additional interest rate swap agreement to mitigate interest rate risk associated with its variable rate TOB trust financings. The following table summarizes the terms of the interest rate swap agreement:

Trade Date	Notional Amount		Effective Date	Termination Date	Fixed Rate Paid	Variable Rate Index Received	Variable Debt Financing Hedged	Counterparty
January 2024	$	38,660,000	2/1/2024	2/1/2027	3.906%	Compounded SOFR	TOB Trusts	Mizuho Capital Markets

Summary of Initial Terms of TOB Trusts Financings

In January 2024, the Partnership entered into a new TOB trust financing arrangement with Mizuho. A portion of the proceeds were used to repay the outstanding balance on the Partnership’s Acquisition LOC. The following table summarizes the initial terms of the TOB trust financing:

TOB Trusts Securitization	TOB Trust Financing		Stated Maturity	Interest Rate Type	Tax-Exempt Interest on Senior Securities	Remarketing Senior Securities Rate	Facility Fees	Interest Rate
Southpark MRB	$	9,840,000	June 2024	Variable	Yes	2.27%	1.44%	3.71%

In February 2024, the Partnership entered into a new TOB trust financing arrangement with Mizuho. The following table summarizes the initial terms of the TOB trust financing:

TOB Trusts Securitization		Initial TOB Trust Financing		Stated Maturity	Interest Rate Type	Tax-Exempt Interest on Senior Securities	Remarketing Senior Securities Rate	Facility Fees	Interest Rate
Trust 2024-XF3219	(1)	$	21,795,000	February 2027	Variable	No	5.59%	1.79%	7.38%

(1)The TOB trust is securitized by eight taxable MRBs, six MRBs, and one property loan.

Summary Of Key Terms Of Property Loans Redeemed

In February 2024, The Partnership sold four property loans to an affiliate of the borrower for each loan at par plus accrued interest. The table below summarizes key terms of the property loans redeemed. Proceeds of approximately $60.2 million were used to paydown principal on associated TOB financings.

Loan	Month Redeemed	Property Location	Units	Stated Maturity Date	Interest Rate	Principal Outstanding at Date of Redemption
Osprey Village	February 2024	Kissimmee, FL	383	8/1/2024	SOFR + 3.07%	$	14,998,296
Osprey Village Supplemental	February 2024	Kissimmee, FL	383	8/1/2024	SOFR + 3.22%		4,600,000
Willow Place Apartments	February 2024	McDonough, GA	182	10/1/2024	SOFR + 3.30%		18,875,606
Willow Place Apartments Supplemental	February 2024	McDonough, GA	182	10/1/2024	SOFR + 3.45%		1,115,320
Legacy Commons at Signal Hills	February 2024	St. Paul, MN	247	2/1/2024	SOFR + 3.07%		32,233,972
						$	71,823,194

Interest Rate Cap Agreement [Member]

Subsequent Event [Line Items]

Summary of Partnership's Derivative Instruments

Purchase Date	Notional Amount		Maturity Date	Effective Capped Rate			Index	Variable Debt Financing Hedged	Counterparty	Fair Value as of December 31, 2023
August 2019		73,393,729	Aug 2024		4.5	%	SIFMA	M31 TEBS	Barclays Bank PLC	$	265

Purchase Date	Notional Amount		Maturity Date	Effective Capped Rate			Index	Variable Debt Financing Hedged	Counterparty	Fair Value as of December 31, 2022
August 2019		75,014,903	Aug 2024		4.5	%	SIFMA	M31 TEBS	Barclays Bank PLC	$	91,627