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Real Estate Assets, net - Real Estate Assets Owned by Partnership (Details) | Dec. 31, 2022 USD ($) Unit | Dec. 31, 2021 USD ($) Unit
--- | --- | ---
Real Estate [Line Items] |  |  |  |
Carrying Value | $ 48,213,994 |  | $ 80,409,554 |
Accumulated depreciation | (11,663,516) |  | (20,701,922) |
Real estate assets, net (Note 8) | $ 36,550,478 |  | $ 59,707,632 |
Suites on Paseo [Member] | San Diego, CA [Member] |  |  |  |
Real Estate [Line Items] |  |  |  |
Number of Units | Unit | 384 |  | 384 |
Land and Land Improvements | $ 3,199,244 |  | $ 3,199,268 |
Buildings and Improvements | 39,799,082 |  | 39,302,507 |
Carrying Value | 42,998,326 |  | $ 42,501,775 |
The 50/50 MF Property [Member] | Lincoln, NE [Member] |  |  |  |
Real Estate [Line Items] |  |  |  |
Number of Units | Unit |  |  | 475 |
Buildings and Improvements |  |  | $ 33,013,039 |
Carrying Value |  |  | 33,013,039 |
Vantage at San Marcos [Member] | San Marcos TX [Member] |  |  |  |
Real Estate [Line Items] |  |  |  |
Land and Land Improvements | 2,660,615 | [1] | 2,660,615 | [2]
Buildings and Improvements | 1,003,857 | [1] | 682,929 | [2]
Carrying Value | 3,664,472 | [1] | 3,343,544 | [2]
Land Held for Development [Member] |  |  |  |
Real Estate [Line Items] |  |  |  |
Land and Land Improvements | 1,551,196 | [3] | 1,551,196 | [4]
Carrying Value | $ 1,551,196 | [3] | $ 1,551,196 | [4]
[1] | The assets are owned by a consolidated VIE for future development of a market-rate multifamily property. See Note 5 for further information.
[2] | The assets are owned by a consolidated VIE for future development of a market-rate multifamily property. See Note 5 for further information.
[3] | Land held for development consists of land and development costs for parcels of land in Richland County, SC and Omaha, NE.
[4] | Land held for development consists of land and development costs for parcels of land in Richland County, SC and Omaha, NE. In December 2022, the Partnership sold 100% of its ownership interest in The 50/50 MF Property to an unrelated non-profit organization. The Partnership received an unsecured property loan upon sale (Note 10) payable from future net cash flows of the property. The buyer assumed two mortgages payable associated with the property and the Partnership agreed to provide certain recourse support for the assumed mortgages. The remainder of the purchase price was funded by the issuance of a seller financing property loan to the Partnership in the amount of $4.8 million (Note 10). As a result of the sale, the Partnership deconsolidated The 50/50 MF Property assets and liabilities in its consolidated financial statements. The Partnership incurred costs of approximately $404,000 related to the sale which reduced the Partnership's gain on sale. The Partnership has deferred its entire gain on sale of approximately $6.6 million which is reported within accounts payable, accrued expenses and other liabilities on the consolidated balance sheets. The Partnership will recognize the deferred gain upon collection of principal of the unsecured property loan (Note 13). In November 2021, the Partnership sold the land held for development in Gardner, KS and recognized a loss on the sale of $14,800. Net loss, exclusive of the gains on sale, related to The 50/50 MF Property for the years ended December 31, 2022, and 2021 is as follows:
|  | For the Years Ended December 31, |
|  | 2022 |  |  | 2021 |
Net loss |  | $ | 620,728 |  |  | $ | 335,423 |

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