If these significant losses are not recorded in LP’s tax return then upon exit (when the property is sold) the LPs will pay more taxes than due because depreciation recapture will apply even if losses were not recorded in prior years’ tax return.

A good investment summary will answer questions that the LPs already planned on asking. 

Which is one of the great benefits for LPs. 

Third, as other's have mentioned, I simply can't see how any investor whoever it may be would every purchase any property in St Paul after this initiative, so there goes development, including that of new or renovated affordable housing, and also of entertainment, shops, etc, which attract the affluent into the city and stimulate the economy. 

He has worked for commercial and multifamily operators that have been hugely successful by raising majority capital from LPs (syndications), but for his personal portfolio he seems to have trouble making that leap.

People going back to work might actually help stimulate the economy IMO.

Countless situations refer to the Non-cash partner as sharing equity % with capital partners, whether in partnerships, LLCs, syndiactions, LPs, etc.

Finally, before the year ended, we closed on 279 units as LPs bringing us to a total of 300 apartments and 1 Short Term Rental in 2021.

Finally, before the year ended, we closed on 279 units as LPs bringing us to a total of 300 apartments and 1 Short Term Rental in 2021.

They did this to keep interest rates low to stimulate housing and the economy.