Other Assets

12 Months Ended

Dec. 31, 2019

Other Assets [Abstract]

Other Assets

12. Other Assets

The following table summarizes the Partnership’s other assets as of December 31, 2019 and 2018:

	December 31, 2019		December 31, 2018
Deferred financing costs, net	$	353,862	$	397,823
Fair value of derivative instruments (Note 17)		10,911		626,633
Taxable mortgage revenue bonds, at fair value		1,383,237		1,409,895
Operating lease right-of-use assets, net		1,673,242		-
Other assets		1,641,099		2,081,258
Total other assets	$	5,062,351	$	4,515,609

See Note 2 for a discussion of the operating lease right-of-use lease assets, net, recorded pursuant to the adoption of ASC 842 effective January 1, 2019.

See Note 23 for a description of the methodology and significant assumptions for determining the fair value of the derivative instruments and taxable MRBs. Unrealized gains or losses on these assets are reported on the Partnership’s consolidated statements of comprehensive income to reflect changes in their estimated fair values resulting from market conditions and fluctuations in the present value of the expected cash flows from the assets.

The following table includes the details of the taxable MRBs redeemed during the year ended December 31, 2018. The taxable MRB was redeemed at a price that approximated the Partnership’s carrying value plus accrued interest.

Property Name	Redemption Date	Location	Units	Original Maturity Date	Base Interest Rate			Principal Outstanding at Date of Redemption
Vantage at Judson - Series D	December	San Antonio, TX	288	2/1/2053		9.00	%	$	923,502