XML 127 R119.htm IDEA: XBRL DOCUMENT v3.25.1
Transactions with Related Parties - Summary of Transactions with Related Parties Reflected in the Partnership's Consolidated Financial Statements (Details) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Related Party Transaction [Line Items]    
Reimbursable franchise margin taxes incurred on behalf of unconsolidated entities [1] $ 64,000 $ 20,000
Payment of service fees [2] 11,000  
General Partner [Member]    
Related Party Transaction [Line Items]    
Administrative fees [3] $ 1,598,000 $ 1,486,000
[1] The Partnership pays franchise margin taxes on revenues in Texas related to its investments in unconsolidated entities. Such taxes are paid by the Partnership as the unconsolidated entities are required by tax regulations to be included in the Partnership’s group franchise tax return. Since the Partnership is reimbursed for the franchise margin taxes paid on behalf of the unconsolidated entities, these taxes are not reported on the Partnership’s condensed consolidated statements of operations.
[2] Greystone Servicing, an affiliate of the Partnership, is the servicer for the 2024 PFA Securitization Bonds.
[3] The General Partner is entitled to receive an administrative fee from the Partnership equal to 0.45% per annum of the outstanding principal balance of any of its investment assets for which the owner of the financed property or other third party is not obligated to pay such administrative fee directly to the General Partner. The disclosed amounts represent administrative fees paid or accrued during the periods specified and are reported within “General and administrative expenses” on the Partnership’s condensed consolidated statements of operations.