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Unsecured Lines of Credit (Tables)

12 Months Ended

Dec. 31, 2019

Unsecured Lines of Credit [Member]

Summary of Unsecured Lines of Credit

The following tables summarize the Partnership’s unsecured lines of credit as of December 31, 2019 and 2018:

Unsecured Lines of Credit		Outstanding as of December 31, 2019				Total Commitment				Commitment Maturity		Variable / Fixed		Reset Frequency		Period End Rate
Bankers Trust non-operating		$	13,200,000			$	50,000,000			June 2021		Variable ⁽¹⁾		Monthly			4.19	%
Bankers Trust operating			-				10,000,000			June 2021		Variable ⁽¹⁾		Monthly			4.94	%
Total unsecured lines of credit		$	13,200,000			$	60,000,000

(1)	The variable rate is indexed to LIBOR plus an applicable margin.

Unsecured Lines of Credit		Outstanding as of December 31, 2018				Total Commitment				Commitment Maturity		Variable / Fixed		Reset Frequency		Period End Rate
Bankers Trust non-operating		$	35,659,200			$	50,000,000			June 2020		Variable ⁽²⁾		Monthly			5.38	%
Bankers Trust operating			-				10,000,000			June 2020		Variable⁽²⁾		Monthly			5.63	%
Total unsecured lines of credit		$	35,659,200			$	60,000,000

(2)	The variable rate is indexed to LIBOR plus an applicable margin.