Investment in Unconsolidated Entities (Tables)

9 Months Ended

Sep. 30, 2017

Equity Method Investments And Joint Ventures [Abstract]

Summary of Investments in Unconsolidated Entities

The following table provides the details of the investments in unconsolidated entities at September 30, 2017 and December 31, 2016:

Property Name	Location	Units	Construction Completion Date	Carrying Value at September 30, 2017		Carrying Value at December 31, 2016		Maximum Remaining Equity Commitment at September 30, 2017
Vantage at Corpus Christi	Corpus Christi, TX	288	August 2017	$	9,131,689	$	8,447,343	$	1,550,000
Vantage at Waco	Waco, TX	288	N/A		8,532,984		5,964,861		1,592,039
Vantage at Boerne	Boerne, TX	288	N/A		8,069,390		5,057,802		1,475,936
Vantage at Panama City Beach	Panama City Beach, FL	288	N/A		8,601,586		-		3,490,259
				$	34,335,649	$	19,470,006	$	8,108,234