Note 3 - Investments in Subsidiaries (Tables)

3 Months Ended

Mar. 31, 2022

Notes Tables

Schedule of Investments in and Advances to Affiliates, Schedule of Investments [Table Text Block]

VIE Name	Homes		Cost Basis		OP Beneficial Ownership %			Encumbered by Mortgage (1)	Debt Allocated
NREA VB I, LLC		66	$	6,019		100	%	Yes	$	5,048
NREA VB II, LLC		167		16,422		100	%	Yes		10,742
NREA VB III, LLC		1,322		120,820		100	%	Yes		71,115
NREA VB IV, LLC		385		37,232		100	%	Yes		24,283
NREA VB V, LLC		1,829		126,321		100	%	Yes		108,384
NREA VB VI, LLC		302		27,771		100	%	Yes		18,661
NREA VB VII, LLC		36		3,052		100	%	Yes		2,989
True FM2017-1, LLC		211		18,537		100	%	Yes		10,355
SMP Homes 3B, LLC		160		17,027		100	%	No		—
SMP Homes 5B, LLC		46		4,717		100	%	Yes		2,328
VB One, LLC		10,609		1,203,272		100	%	No		465,000
VB Two, LLC		1,853		165,028		100	%	No		124,554
VB Three, LLC		3,890		531,325		100	%	No		290,000
VB Five, LLC		268		25,510		100	%	Yes		13,569
		21,144	$	2,303,053					$	1,147,028	(2)