Investments in Unconsolidated Entities (Tables)

12 Months Ended

Dec. 31, 2020

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 as of December 31, 2020 and 2019 and remaining equity commitment amounts as of December 31, 2020:

Property Name	Location	Units		Month Commitment Executed	Construction Completion Date	Carrying Value as of December 31, 2020		Carrying Value as of December 31, 2019		Maximum Remaining Equity Commitment as of December 31, 2020
Vantage at Waco	Waco, TX		288	August 2016	May 2018	$	-	$	9,337,166	$	-
Vantage at Powdersville	Powdersville, SC		288	November 2017	February 2020		12,295,801		12,295,801		-
Vantage at Stone Creek	Omaha, NE		294	March 2018	April 2020		7,840,500		7,840,500		-
Vantage at Bulverde	Bulverde, TX		288	March 2018	August 2019		10,570,000		10,144,052		-
Vantage at Germantown	Germantown, TN		288	June 2018	March 2020		12,425,000		11,745,155		-
Vantage at Murfreesboro	Murfreesboro, TN		288	September 2018	October 2020		14,640,000		13,516,425		-
Vantage at Coventry	Omaha, NE		294	September 2018	N/A		9,007,435		9,007,435		-
Vantage at Conroe	Conroe, TX		288	April 2019	N/A		10,406,895		8,078,519		-
Vantage at O'Connor	San Antonio, TX		288	October 2019	N/A		8,245,890		5,016,811		-
Vantage at Westover Hills	San Antonio, TX		288	January 2020	N/A		8,021,544		-		-
Vantage at Tomball	Tomball, TX		288	August 2020	N/A		9,280,134		-		1,425,562
Vantage at Hutto	Hutto, TX		288	November 2020	N/A		3,163,676		-		7,359,952
Vantage at San Marcos	San Marcos, TX		288	November 2020	N/A		981,695		-		8,943,914
			3,756			$	106,878,570	$	86,981,864	$	17,729,428

Summary of Partnership's Investments in Unconsolidated Entities

The following table provides summary combined financial information related to the Partnership’s investments in unconsolidated entities for the years ended December 31, 2020 and 2019:

	For the Years Ended December 31,
	2020			2019
Property Revenues	$	14,553,331		$	12,541,852
Gain on sale of property	$	6,106,279		$	35,871,041
Net income (loss)	$	(1,674,527	)	$	32,662,003