9. Other Assets

The Partnership has remaining commitments to provide additional funding of taxable MRBs and taxable GIL's during construction and/or rehabilitation of the secured properties as of June 30, 2026. See Note 16 for further information regarding the Partnership’s remaining taxable GIL and taxable MRB funding commitments.

As of the dates of acquisition of the SC MF properties (Note 8), the Partnership also recorded in-place lease intangible assets at fair value that are being amortized on a straight-line basis over six months from the date of acquisition of the respective properties. Accumulated amortization and amortization expense as of and for the six months ended June 30, 2026 was approximately $4.1 million.

See Note 10 for information regarding the Partnership’s allowance for credit losses related to its taxable GILs and taxable MRBs.

See Note 20 for a description of the methodology and significant assumptions for determining the fair value of derivative instruments, taxable MRBs, taxable GILs, and bond purchase commitments. Unrealized gains or losses on derivative instruments are reported within “Net result from derivative transactions” in the Partnership’s condensed consolidated statements of operations. Unrealized gains and losses on taxable MRBs and bond purchase commitments are recorded in the Partnership’s condensed consolidated statements of comprehensive income to reflect changes in their estimated fair values resulting from market conditions and fluctuations in the present value of the expected cash flows from the assets.

As of June 30, 2026, seven taxable MRBs with reported carrying values totaling approximately $66.4 million were held in trust in connection with TOB trust financings (Note 13).

Activity in the First Six Months of 2026

During the first quarter of 2026, three taxable MRBs were redeemed via deed in lieu of foreclosure. See Note 8 for further information regarding the deed in lieu of foreclosure transactions. The following table provides details of the MRBs that were redeemed:

During the six months ended June 30, 2026, the Partnership provided additional funding of approximately $4.0 million to the Residency at the Entrepreneur - Series J-T taxable MRB and extended the maturity date to December 2026. There were no additional changes to terms associated with the increased commitment.

During the six months ended June 30, 2026, the Partnership increased its commitment related to the Triangle Square Predevelopment Project taxable MRB by $5.0 million and extended the maturity date to October 2026. The Partnership recognized fees of approximately $23,000 in "Other income" in the partnership's condensed consolidated statements of operations in connection with the extension. There were no additional changes to terms associated with the amendments.

During the six months ended June 30,2026, the Partnership recognized fees totaling approximately $70,000 in "Other income" in the Partnership's condensed consolidated statements of operations in connection with an extension of the maturity date of the Gateway and Yarbrough Predevelopment Project taxable MRB to April 2027.

During the six months ended 2026, the Partnership advanced funds of approximately $245,000 to the borrower associated with the Village at Hanford Square MRB and taxable MRB to finance the funding of certain additional construction costs and operating deficits. The Partnership expects these amounts to be fully recoverable and to be repaid by the borrower.

Activity in the First Six Months of 2025

In February 2025, the borrower for the Poppy Grove I, Poppy Grove II, and Poppy Grove III taxable GILs re-allocated $5.2 million, $1.8 million, and $5.7 million, respectively, from a taxable GIL to a GIL (Note 5). There were no additional material changes to terms associated with the Poppy Grove I, Poppy Grove II, and Poppy Grove III GILs and taxable GILs. The following table summarizes terms of the principal repaid: