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Subsequent Events
12 Months Ended
Dec. 31, 2019
Subsequent Events [Abstract]  
Subsequent Events

26. Subsequent Events  

 

In January 2020, the Partnership executed a $7.3 million equity commitment to fund construction of the Vantage at Westover Hills multifamily property in San Antonio, TX.

 

In January 2020, the Partnership sold its PHC Certificate Trusts I, II and III Trust Certificates for approximately $43.3 million plus accrued interest. Upon sale, the Partnership collapsed and paid off in full all principal and interest due on the TOB Trust financings secured by the PHC Certificates.

 

In January 2020, the Solano Vista – Series B MRB was redeemed at price equal to outstanding principal plus accrued interest.

 

In January 2020, the Partnership extended the maturity date of the Term TOB Trust related to Pro Nova 2014-1 to May 2020.

 

In February 2020, the Partnership extended the maturity date of the Term A/B Trusts related to Gateway Village and Lynnhaven Apartments to February 2021.

 

In February 2020, the Partnership refinanced The 50/50 MF Property Mortgage loan with its current lender. The Mortgage loan maturity date was extended seven years to April 2027 and the interest rate decreased to a fixed rate of 4.35%.