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Subsequent Events
9 Months Ended
Sep. 30, 2023
Subsequent Events [Abstract]  
Subsequent Events

NOTE 9 – SUBSEQUENT EVENTS

The manager is negotiating for the partnership to acquire – in San Francisco – by deed in lieu of foreclosure an eleven-unit multi-family property that is collateralizing a secured loan of approximately $6.7 million, including accrued interest and penalties. The liabilities assumed with the deed in lieu would be limited to delinquent and accrued property taxes approximating $90 thousand. The negotiations are expected to be completed in November 2023.

The manager evaluated events subsequent to September 30, 2023 and determined that there were no other events or transactions occurring during this reporting period that require recognition or disclosure in the unaudited consolidated financial statements.