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Mortgages Payable | 3 Months Ended
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Mar. 31, 2025
Mortgages Payable [Abstract] |
Mortgages Payable | 14. Mortgages Payable The following is a summary of the Partnership's mortgage payable, net of deferred financing costs, as of March 31, 2025 and December 31, 2024:
Property Mortgage Payables |  | Outstanding Mortgage Payable as of March 31, 2025, net |  |  | Outstanding Mortgage Payable as of December 31, 2024, net |  |  | Year Acquired |  | Stated Maturity |  | Variable / Fixed |  | Period End Rate |  |
Vantage at San Marcos (1) |  | $ | 310,219 |  |  | $ | 1,664,347 |  |  | 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 February 2025, Vantage at San Marcos paid down approximately $1.4 million outstanding principal of the associated mortgage payable with proceeds from sale of a parcel of land.

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