Investment in Unconsolidated Entities (Tables)

12 Months Ended

Dec. 31, 2016

Equity Method Investments And Joint Ventures [Abstract]

Summary of Investments in Unconsolidated Entities

The following table provides the details of the investments in unconsolidated entities at December 31, 2016:

Property Name	Month Commitment Executed	Location	Units	Carrying Value		Maximum Remaining Equity Commitment
Vantage at Corpus Christi	March 2016	Corpus Christi, TX	288	$	8,447,343	$	1,550,000
Vantage at Waco	August 2016	Waco, TX	288		5,964,861		3,572,133
Vantage at Boerne	August 2016	Boerne, TX	288		5,057,802		3,936,115
				$	19,470,006	$	9,058,248