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Real Estate Assets (Tables) | 3 Months Ended
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Mar. 31, 2024
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, 2024 and December 31, 2023:
Real Estate Assets as of March 31, 2024 |
Property Name |  | Location |  | Number of Units |  | Land and Land Improvements |  |  | Buildings and Improvements |  |  | Carrying Value |
Vantage at San Marcos |  | San Marcos, TX |  | (1) |  |  | 2,660,615 |  |  |  | 946,043 |  |  |  | 3,606,658 |
Land held for development |  |  |  | (2) |  |  | 1,109,482 |  |  |  | - |  |  |  | 1,109,482 |
|  |  |  |  |  |  |  |  |  |  |  | $ | 4,716,140 |
Less accumulated depreciation |  |  |  |  |  |  |  |  |  |  |  |  | - |
Real estate assets, net |  |  |  |  |  |  |  |  |  |  |  | $ | 4,716,140 |
(1) The assets are owned by a consolidated VIE for future development of a market-rate multifamily property. See Note 3 for further information. (2) Land held for development consists of land and development costs for a parcel of land in Richland County, SC.
Real Estate Assets as of December 31, 2023 |
Property Name |  | Location |  | Number of Units |  | Land and Land Improvements |  |  | Buildings and Improvements |  |  | Carrying Value |
Vantage at San Marcos |  | San Marcos, TX |  | (1) |  |  | 2,660,615 |  |  |  | 946,043 |  |  |  | 3,606,658 |
Land held for development |  |  |  | (2) |  |  | 1,109,482 |  |  |  | - |  |  |  | 1,109,482 |
|  |  |  |  |  |  |  |  |  |  |  | $ | 4,716,140 |
Less accumulated depreciation |  |  |  |  |  |  |  |  |  |  |  |  | - |
Real estate assets, net |  |  |  |  |  |  |  |  |  |  |  | $ | 4,716,140 |
(1) The assets are owned by a consolidated VIE for future development of a market-rate multifamily property. See Note 3 for further information. (2) Land held for development consists of land and development costs for a parcel of land in Richland County, SC.
Schedule Of Partnership Sold Net Income Related to Mf Property | In December 2023, the Partnership sold the Suites on Paseo MF Property. Net income related to the Suites on Paseo MF Property for the three months ended March 31, 2024, and 2023 was as follows:
|  | For the Three Months Ended March 31, |
|  | 2024 |  |  | 2023 |
Net income |  | $ | - |  |  | $ | 228,912 |

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- Definition Schedule of partnership sold net income related to Mf property. + References No definition available. + Details
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- Definition Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations. + References No definition available. + Details
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