28. Subsequent Events

The following table summarizes the Term A/B Trust Financings that the Partnership entered into subsequent to December 31, 2016:

Term A/B Trusts Securitization	Outstanding Term A/B Trust Financing		Acquired	Stated Maturity	Fixed Interest Rate
San Vicente - Series A	$	3,150,000	Feb 2017	February 2022		3.89	%
San Vicente - Series B		1,555,000	Feb 2017	June 2018		3.76	%
Las Palmas - Series A		1,530,000	Feb 2017	February 2022		3.89	%
Las Palmas - Series B		1,505,000	Feb 2017	June 2018		3.76	%
The Village at Madera - Series A		2,780,000	Feb 2017	February 2022		3.89	%
The Village at Madera - Series A		1,465,000	Feb 2017	July 2018		3.76	%
Harmony Court Bakersfield - Series A		3,360,000	Feb 2017	February 2022		3.89	%
Harmony Court Bakersfield - Series A		1,700,000	Feb 2017	July 2018		3.76	%
Summerhill - Series A		5,785,000	Feb 2017	February 2022		3.89	%
Summerhill - Series B		2,870,000	Feb 2017	July 2018		3.76	%
Courtyard - Series A		9,210,000	Feb 2017	February 2022		3.89	%
Courtyard - Series B		5,295,000	Feb 2017	July 2018		3.76	%
Seasons Lakewood - Series A		6,615,000	Feb 2017	February 2022		3.89	%
Seasons Lakewood - Series B		4,475,000	Feb 2017	August 2022		3.76	%
Seasons San Juan Capistrano - Series A		11,140,000	Feb 2017	February 2022		3.89	%
Seasons San Juan Capistrano - Series B		5,590,000	Feb 2017	August 2022		3.76	%
Avistar at Wood Hollow - Series A		27,075,000	Feb 2017	February 2027		4.46	%
Avistar at Copperfield - Series A		3,210,000	Feb 2017	February 2027		4.46	%
Avistar at Wilcrest - Series A		8,500,000	Feb 2017	February 2027		4.46	%

In February 2017, a portion of the proceeds from the Term A/B Trust Financings in the table above were used to pay principal, in full, and accrued interest due on the Partnership’s $40 million unsecured line of credit and $20 million secured line of credit.

The following table summarizes the mortgage revenue bonds acquired by the Partnership subsequent to December 31, 2016:

Property Name	Month Acquired	Property Location	Units	Maturity Date	Base Interest Rate			Principal Outstanding at Date of Acquisition
Avistar at Wood Hollow - Series A	February	Austin, TX	409	5/1/2054		5.75	%	$	31,850,000
Avistar at Wood Hollow - Series B	February	Austin, TX	409	6/1/2054		12.00	%		8,410,000
Avistar at Copperfield - Series A	February	Houston, TX	192	5/1/2054		5.75	%		10,000,000
Avistar at Copperfield - Series B	February	Houston, TX	192	6/1/2054		12.00	%		4,000,000
Avistar at Wilcrest - Series A	February	Houston, TX	88	5/1/2054		5.75	%		3,775,000
Avistar at Wilcrest - Series B	February	Houston, TX	88	6/1/2054		12.00	%		1,550,000

The Partnership funded portions of the purchase price for the mortgage revenue bonds from the proceeds of the related Term A/B Trust Financing in the table above and approximately $14.0 million drawn from the Partnership’s unsecured line of credit.

In February 2017, the Northern View MF Property met the criteria for classification as assets held for sale (See policy in Note 2). The Partnership expects to complete the sale of its 99% interest in the entity that owns the MF Property in March 2017.

The table below summarizes the assets and liabilities of the Northern View MF Property included in the Partnership’s consolidated financial statements at December 31, 2016:

	December 31, 2016
Cash and cash equivalents	$	62,386
Restricted cash		203,893
Land and improvements		688,539
Buildings and improvements		8,088,059
Real estate assets before accumulated depreciation		8,776,598
Accumulated depreciation		(2,386,626	)
Net real estate assets		6,389,972
Other assets		33,534
Total assets held for sale	$	6,689,785

Accounts payable, accrued expenses and other liabilities	$	225,007

In March 2017, the Partnership entered into a subscription agreement and issued to a financial institution 613,100 units of Series A Preferred Units for gross proceeds of approximately $6.1 million.