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Investment in Unconsolidated Entities (Tables)
6 Months Ended
Jun. 30, 2017
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 June 30, 2017 and December 31, 2016:

 

Property Name

 

Location

 

Units

 

Carrying Value at June 30, 2017

 

 

Carrying Value at December 31, 2016

 

 

Maximum

Remaining

Equity Commitment at June 30, 2017

 

Vantage at Corpus Christi

 

Corpus Christi, TX

 

288

 

$

8,907,869

 

 

$

8,447,343

 

 

$

1,550,000

 

Vantage at Waco

 

Waco, TX

 

288

 

 

8,323,166

 

 

 

5,964,861

 

 

 

1,592,039

 

Vantage at Boerne

 

Boerne, TX

 

288

 

 

7,870,971

 

 

 

5,057,802

 

 

 

1,475,936

 

Vantage at Panama City Beach

 

Panama City Beach, FL

 

288

 

 

6,848,487

 

 

 

-

 

 

 

5,042,297

 

 

 

 

 

 

 

$

31,950,493

 

 

$

19,470,006

 

 

$

9,660,272