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Mortgages Payable | 12 Months Ended
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Dec. 31, 2024
Mortgages Payable [Abstract] |
Mortgages Payable | 14. Mortgages Payable The following is a summary of the mortgages payable, net of deferred financing costs, as of December 31, 2024 and 2023:
Property Mortgage Payables |  | Outstanding Mortgage Payable as of December 31, 2024, net |  |  | Outstanding Mortgage Payable as of December 31, 2023, net |  |  | Year Acquired |  | Stated Maturity |  | Variable / Fixed |  | Period End Rate |  |
Vantage at San Marcos (1) |  | $ | 1,664,347 |  |  | $ | 1,690,000 |  |  | 2020 |  | November 2025 |  | Variable |  |  | 8.25 | % |
(1) The mortgage payable relates to a consolidated VIE for future development of a market-rate multifamily property (Note 3). In September 2023, the Partnership entered into a mortgage secured by the Suites on Paseo MF Property with an initial principal amount of $25.0 million. The mortgage payable was repaid in full with proceeds from the sale of the Suites on Paseo MF Property in December 2023.

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- Definition The entire disclosure for mortgage notes payable. + References No definition available. + Details
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