Investment in Unconsolidated Entities (Tables)

3 Months Ended

Mar. 31, 2018

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 March 31, 2018 and December 31, 2017:

Property Name	Location	Units (Unaudited)	Month Commitment Executed	Construction Completion Date	Carrying Value at March 31, 2018		Carrying Value at December 31, 2017		Maximum Remaining Equity Commitment at March 31, 2018
Vantage at Corpus Christi	Corpus Christi, TX	288	March 2016	August 2017	$	9,250,356	$	9,178,139	$	1,550,000
Vantage at Boerne	Boerne, TX	288	August 2016	December 2017		8,481,359		8,272,810		1,475,936
Vantage at Waco	Waco, TX	288	August 2016	January 2018		8,968,621		8,748,091		1,592,039
Vantage at Panama City Beach	Panama City Beach, FL	288	March 2017	N/A		10,610,314		10,349,416		1,996,500
Vantage at Powdersville	Powdersville, SC	288	November 2017	N/A		5,679,234		3,060,471		5,183,625
Vantage at Stone Creek	Omaha, NE	294	March 2018	N/A		4,540,038		-		2,551,284
Vantage at Bulverde	Bulverde, TX	288	March 2018	N/A		5,279,818		-		3,324,578
					$	52,809,740	$	39,608,927	$	17,673,962