XML 122 R115.htm IDEA: XBRL DOCUMENT v3.25.2
Commitments and Contingencies - Summary of Partnership's Maximum Exposure Under Guaranty Agreements (Details)
6 Months Ended
Jun. 30, 2025
USD ($)
Vantage at McKinney Falls [Member]  
Long-term Purchase Commitment [Line Items]  
Guaranty Maturity 2026 [1]
Maximum Balance Available on Loan $ 35,850,000 [1]
Loan Balance as of June 30, 2025 35,850,000 [1]
Partnership's Maximum Exposure as of June 30, 2025 $ 17,925,000 [1]
Vantage at Hutto [Member]  
Long-term Purchase Commitment [Line Items]  
Guaranty Maturity 2026 [1]
Maximum Balance Available on Loan $ 35,000,000 [1]
Loan Balance as of June 30, 2025 35,000,000 [1]
Partnership's Maximum Exposure as of June 30, 2025 $ 17,500,000 [1]
Vantage at Loveland [Member]  
Long-term Purchase Commitment [Line Items]  
Guaranty Maturity 2026 [1]
Maximum Balance Available on Loan $ 47,000,000 [1]
Loan Balance as of June 30, 2025 47,000,000 [1]
Partnership's Maximum Exposure as of June 30, 2025 23,500,000 [1]
Ohio Properties [Member]  
Long-term Purchase Commitment [Line Items]  
Partnership's Maximum Exposure as of June 30, 2025 $ 1,609,695
End of Guaranty Period 2026
Greens of Pine Glen [Member]  
Long-term Purchase Commitment [Line Items]  
Partnership's Maximum Exposure as of June 30, 2025 $ 1,278,767
End of Guaranty Period 2027
[1] The Partnership’s guaranty is for 50% of the loan balance. The Partnership has guaranteed up to 100% of the outstanding loan balance upon the occurrence of fraud or other willful misconduct by the borrower or if the borrower voluntarily files for bankruptcy. The guaranty agreement requires the Partnership to maintain a minimum net worth of not less than $100.0 million and maintain liquid assets of not less than $6.3 million at the end of each quarter. The Partnership was in compliance with these requirements as of June 30, 2025. The Partnership has also provided indemnification to the lender for various costs including interest expenses, environmental non-compliance and remediation during the term. The Partnership has also provided indemnification to the lender for Vantage at McKinney Falls and Vantage at Loveland for certain operating costs.