Real Estate Assets

3 Months Ended

Mar. 31, 2021

Real Estate [Abstract]

Real Estate Assets

8. Real Estate Assets

The following tables summarize information regarding the Partnership’s real estate assets as of March 31, 2021 and December 31, 2020:

Real Estate Assets as of March 31, 2021
Property Name	Location	Number of Units		Land and Land Improvements		Buildings and Improvements		Carrying Value
Suites on Paseo	San Diego, CA		384	$	3,199,268	$	39,399,529	$	42,598,797
The 50/50 MF Property	Lincoln, NE		475		-		32,942,956		32,942,956
Land held for development		(1)			1,675,997		-		1,675,997
								$	77,217,750
Less accumulated depreciation									(18,827,865	)
Net real estate assets								$	58,389,885

^{(1) Land held for development consists of land and development costs for parcels in Gardner, KS; Richland County, SC and Omaha, NE.}

Real Estate Assets as of December 31, 2020
Property Name	Location	Number of Units		Land and Land Improvements		Buildings and Improvements		Carrying Value
Suites on Paseo	San Diego, CA		384	$	3,199,268	$	39,375,298	$	42,574,566
The 50/50 MF Property	Lincoln, NE		475		-		32,940,854		32,940,854
Land held for development		(1)			1,675,997		-		1,675,997
								$	77,191,417
Less accumulated depreciation									(18,150,215	)
Net real estate assets								$	59,041,202

⁽¹⁾ Land held for development consists of land and development costs for parcels in Gardner, KS; Richland County, SC and Omaha, NE.

Activity in the First Three Months of 2021

As of March 31, 2021, the land held for development in Gardner, KS was listed for sale.