Investment in Unconsolidated Entities (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2017 and 2016 and remaining equity commitment amounts at December 31, 2017:

Property Name	Location	Units (Unaudited)	Month Commitment Executed	Construction Completion Date	Carrying Value at December 31, 2017		Carrying Value at December 31, 2016		Maximum Remaining Equity Commitment at December 31, 2017
Vantage at Corpus Christi	Corpus Christi, TX	288	March 2016	August 2017	$	9,178,139	$	8,447,343	$	1,550,000
Vantage at Boerne	Boerne, TX	288	August 2016	December 2017		8,272,810		5,057,802		1,475,936
Vantage at Waco	Waco, TX	288	August 2016	N/A		8,748,091		5,964,861		1,592,039
Vantage at Panama City Beach	Panama City Beach, FL	288	March 2017	N/A		10,349,416		-		1,996,500
Vantage at Powdersville	Powdersville, SC	288	November 2017	N/A		3,060,471		-		7,702,305
					$	39,608,927	$	19,470,006	$	14,316,780