Real Estate Assets (Tables)

3 Months Ended

Mar. 31, 2021

Real Estate [Abstract]

Real Estate Assets Owned by Partnership

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.