Subsequent Events (Tables)

9 Months Ended

Sep. 30, 2024

Subsequent Events [Abstract]

Summary of Initial Terms of TOB Trusts Financings

The following table summarizes the initial terms of the TOB trust financing:

TOB Trusts Securitization	TOB Trust Financing		Stated Maturity	Interest Rate Type	Tax-Exempt Interest on Senior Securities	Remarketing Senior Securities Rate	Facility Fees	Interest Rate
Avistar at the Crest - Series A	$	7,348,000	October 2027	Variable	Yes	3.35%	1.44%	4.79%
Avistar on the Boulevard - Series A		12,224,000	October 2027	Variable	Yes	3.35%	1.44%	4.79%
Avistar on the Hills - Series A		4,073,000	October 2027	Variable	Yes	3.35%	1.44%	4.79%
Avistar at the Oaks - Series A		5,950,000	October 2027	Variable	Yes	3.35%	1.44%	4.79%
Avistar in 09 - Series A		5,137,000	October 2027	Variable	Yes	3.35%	1.44%	4.79%
Total TOB Trust Financing	$	34,732,000

Summary of Debt Financings Repayments

The following table summarizes the debt financings repayments:

Debt Financing	Debt Facility	Month	Paydown Applied
Trust 2024-XF3219	TOB Trust	October 2024	$	8,229,000
Montecito at Williams Ranch - Series A	TOB Trust	October 2024		6,765,000
Vineyard Gardens - Series A	TOB Trust	October 2024		3,595,000
Montevista - Series A	TOB Trust	October 2024		5,854,000
Jackson Manor Apartments	TOB Trust	October 2024		4,100,000
Village at Avalon	Term TOB	October 2024		12,654,000
			$	41,197,000