Real Estate Assets (Tables)

6 Months Ended

Jun. 30, 2024

Real Estate [Abstract]

Real Estate Assets Owned by Partnership

The following tables summarize information regarding the Partnership’s real estate assets as of June 30, 2024 and December 31, 2023:

			June 30, 2024						December 31, 2023
Property Name	Location	Number of Units	Land and Land Improvements		Buildings and Improvements		Carrying Value		Land and Land Improvements		Buildings and Improvements		Carrying Value
Vantage at San Marcos	San Marcos, TX	(1)		2,660,615		946,043		3,606,658		2,660,615		946,043		3,606,658
Land held for development		(2)		1,109,482		-		1,109,482		1,109,482		-		1,109,482
							$	4,716,140					$	4,716,140
Less accumulated depreciation								-						-
Real estate assets, net							$	4,716,140					$	4,716,140

(1)The assets are owned by a consolidated VIE for future development of a market-rate multifamily property. See Note 3 for further information.

(2)Land held for development consists of land and development costs for a parcel of land in Richland County, SC.

Schedule Of Partnership Sold Net Income Related to Mf Property

In December 2023, the Partnership sold the Suites on Paseo MF Property. Net income, exclusive of the gains on sale, related to the Suites on Paseo MF Property for the three and six months ended June 30, 2024, and 2023 was as follows:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2024		2023		2024		2023
Net income	$	-	$	98,276	$	-	$	327,188