XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Assets:    
Cash and cash equivalents $ 91,542,566 $ 44,495,538
Restricted cash 83,257,569 78,495,048
Interest receivable, net 9,718,518 8,212,076
Mortgage revenue bonds held in trust, at fair value (Note 6) 727,826,133 768,468,644
Mortgage revenue bonds, at fair value (Note 6) 15,812,184 25,963,841
Governmental issuer loans (Note 7) 165,986,438 64,863,657
Real estate assets: (Note 8)    
Land and improvements 7,991,156 4,875,265
Buildings and improvements 72,421,529 72,316,152
Real estate assets before accumulated depreciation 80,412,685 77,191,417
Accumulated depreciation (20,181,951) (18,150,215)
Net real estate assets 60,230,734 59,041,202
Investments in unconsolidated entities (Note 9) 89,644,649 106,878,570
Property loans, net of loan loss allowances (Note 10) 31,678,426 12,920,719
Other assets (Note 12) 8,804,302 5,908,584
Total Assets 1,284,501,519 1,175,247,879
Liabilities:    
Accounts payable, accrued expenses and other liabilities (Note 13) 12,186,546 9,949,565
Distribution payable 7,831,176 3,686,283
Unsecured lines of credit (Note 14)   7,475,000
Secured lines of credit (Note 15) 6,500,000  
Debt financing, net (Note 16) 760,632,414 673,957,640
Mortgages payable and other secured financing, net (Note 17) 25,429,450 25,984,872
Total Liabilities 812,579,586 721,053,360
Commitments and Contingencies (Note 19)
Redeemable Preferred Units, approximately $94.5 million redemption value, 9.5 million issued and outstanding, net (Note 20) 94,449,515 94,422,477
Partnersʼ Capital:    
General Partner (Note 1) 813,097 934,892
Beneficial Unit Certificates ("BUCs," Note 1) 376,659,321 358,837,150
Total Partnersʼ Capital 377,472,418 359,772,042
Total Liabilities and Partnersʼ Capital $ 1,284,501,519 $ 1,175,247,879