Other Assets (Tables)

12 Months Ended

Dec. 31, 2020

Other Assets [Abstract]

Schedule of Other Assets

The following table summarizes the Partnership’s other assets as of December 31, 2020 and 2019:

	December 31, 2020		December 31, 2019
Deferred financing costs, net	$	390,649	$	353,862
Fair value of derivative instruments (Note 18)		321,503		10,911
Taxable mortgage revenue bonds, at fair value		1,510,437		1,383,237
Bond purchase commitments, at fair value (Note 19)		431,879		-
Operating lease right-of-use assets, net		1,648,742		1,673,242
Other assets		1,605,374		1,641,099
Total other assets	$	5,908,584	$	5,062,351

Summary of Taxable MRB Acquired

The following table includes details of the taxable MRB acquired during the year ended December 31, 2020:

Property Name	Month Acquired	Property Location	Units		Maturity Date	Interest Rate				Principal Acquired
Ocotillo Springs - Series A-T	July	Brawley, CA		75	8/1/2022		4.91	%	(1)	$                    -	(2)

⁽¹⁾ The taxable MRB has a variable interest rate equal to the 1-month LIBOR plus 3.55%, subject to a floor of 4.91%.

⁽²⁾ The Partnership has committed to provide total funding of the taxable MRB up to $7.0 million during construction and lease-up of the property on a drawdown basis. No funds have been advanced as of December 31, 2020.