Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2020

Commitments And Contingencies Disclosure [Abstract]

Summary of Partnership's Maximum Exposure Under Guarantee Agreements

The following table summarizes the Partnership’s maximum exposure under these guarantee agreements as of March 31, 2020:

Borrower	Year the Guarantee was Executed	Maximum Balance Available on Construction Loan		Construction Loan Balance as of March 31, 2020		Partnership's Maximum Exposure as of March 31, 2020		Guarantee Terms
Vantage at Stone Creek	2018	$	30,824,000	$	28,264,790	$	14,132,395	(1)
Vantage at Coventry	2018		31,500,000		18,169,459		18,169,459	(1)

(1) The Partnership’s maximum exposure will decrease to 50% of the construction loan balance upon receipt of the certificate of occupancy and to 25% of the construction loan balance when certain debt service coverage levels are achieved by the borrower.

The following table summarizes the Partnership’s maximum exposure under these guarantee agreements as of March 31, 2020:

Limited Partnership(s)	Year the Guarantee was Executed	End of Guarantee Period	Partnership's Maximum Exposure as of March 31, 2020
Ohio Properties	2011	2026	$	3,361,979
Greens of Pine Glen, LP	2012	2027		2,237,843