XML 30 R21.htm IDEA: XBRL DOCUMENT

Deferred Income	6 Months Ended
Deferred Income	Jun. 30, 2021
Revenue Recognition and Deferred Revenue [Abstract]
Deferred Income	Deferred Income In previous years, we sold properties to related parties at a gain and therefore the sales criteria for the full accrual method was not met, and as such we deferred the gain recognition and accounted for the sales by applying the finance, deposit, installment or cost recovery methods, as appropriate. The gain on these transactions is deferred until the properties are sold to a non-related third party. On January 29, 2021, UHF sold El Dorado, a 208 unit multifamily property in McKinney, Texas; Limestone Ranch, a 252 unit multifamily property in Lewisville, Texas; and Marquis, a 276 unit multifamily property in Lewisville, Texas to a non-related third party. As a result, we recognized a gain on sale of $10,026 during the six months ended June 30, 2021 that had previously been deferred. As of June 30, 2021 and December 31, 2020, we had deferred gain of $9,791 and $19,821, respectively.