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Real Estate Assets (Tables) | 6 Months Ended
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Jun. 30, 2024
Real Estate [Abstract] |
Real Estate Assets Owned by Partnership | The following tables summarize information regarding the Partnership’s real estate assets as of June 30, 2024 and December 31, 2023:
|  |  |  |  |  | June 30, 2024 |  |  | December 31, 2023 |
Property Name |  | Location |  | Number of Units |  | Land and Land Improvements |  |  | Buildings and Improvements |  |  | Carrying Value |  |  | 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 |  |  |  | 2,660,615 |  |  |  | 946,043 |  |  |  | 3,606,658 |
Land held for development |  |  |  | (2) |  |  | 1,109,482 |  |  |  | - |  |  |  | 1,109,482 |  |  |  | 1,109,482 |  |  |  | - |  |  |  | 1,109,482 |
|  |  |  |  |  |  |  |  |  |  |  | $ | 4,716,140 |  |  |  |  |  |  |  |  | $ | 4,716,140 |
Less accumulated depreciation |  |  |  |  |  |  |  |  |  |  |  |  | - |  |  |  |  |  |  |  |  |  | - |
Real estate assets, net |  |  |  |  |  |  |  |  |  |  |  | $ | 4,716,140 |  |  |  |  |  |  |  |  | $ | 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, exclusive of the gains on sale, related to the Suites on Paseo MF Property for the three and six months ended June 30, 2024, and 2023 was as follows:
|  | For the Three Months Ended June 30, |  |  | For the Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Net income |  | $ | - |  |  | $ | 98,276 |  |  | $ | - |  |  | $ | 327,188 |

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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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