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Greystone Housing Impact Investors LP (NYSE: GHI) has scheduled a conference call on May 8, 2024, at 4:30 p.m. Eastern Time to discuss its First Quarter 2024 results. Investors can participate in the call by dialing in or accessing the webcast live. No pin or code number is required for participation. A recorded replay will be available on the Partnership's Investor Relations website.
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Greystone Housing Impact Investors LP (NYSE: GHI) declared a distribution of $0.44 per Beneficial Unit Certificate (BUC), consisting of a regular quarterly cash distribution of $0.37 per BUC and a supplemental distribution of $0.07 per BUC in the form of additional BUCs. The supplemental distribution will be paid at a ratio of 0.00417 BUCs for each issued BUC, with no fractional BUCs issued. Approximately 96,000 BUCs will be issued for the supplemental distribution, paid on April 30, 2024. The distribution reflects the Partnership's intent to distribute a portion of its 2023 gains on Vantage JV Equity Investments.
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Greystone Housing Impact Investors LP (NYSE: GHI) announced a $10 million increase in its secured revolving Line of Credit facility to $50 million, with a new lender. BankUnited N.A. is the sole arranger. The LOC is secured by joint venture equity investments, with a deficiency guaranty from the general partner's affiliate.
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Greystone Housing Impact Investors LP (NYSE: GHI) filed its Annual Report on Form 10-K for 2023, accessible online or via hard copy. Investors can access Tax Year 2023 Schedule K-1 forms electronically or through mailed paper copies.
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Greystone Housing Impact Investors LP (NYSE: GHI) reported strong financial results for the three months and year ended December 31, 2023. The Partnership announced net income of $0.24 per BUC for the quarter and $2.07 per BUC for the year. They also declared a quarterly distribution of $0.44 per BUC, consisting of cash and supplemental distributions. The Partnership advanced funds on various investments, sold a property, and completed financing transactions. They issued Series B Preferred Units and provided updates on their investment portfolio, including stable operations and leasing activities. The Partnership will host a conference call to discuss their Fourth Quarter 2023 results.
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Greystone Housing Impact Investors LP (NYSE: GHI) has scheduled a conference call on February 22, 2024, to discuss its Fourth Quarter 2023 results. The call will be webcast live and a recorded replay will be available on the Partnership’s Investor Relations website. Participants can join the call via phone or webcast, with no pin or code number needed. International participants can also dial-in. The call is open to all interested investors.
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Greystone Housing Impact Investors LP (NYSE: GHI) recently announced the execution of a Subscription Agreement to issue 500,000 Series B Preferred Units, resulting in $5,000,000 in new aggregate proceeds to the Partnership. The Series B Preferred Units were issued to an institutional investor and are non-cumulative, non-convertible, and non-voting units with an option for redemption on the sixth anniversary of the acquisition date and each subsequent anniversary thereafter. The earliest potential redemption date for the newly issued Series B Preferred Units is February 2030. This move aims to provide non-dilutive, fixed-rate, and low-cost institutional capital to execute the Partnership's strategy for the benefit of its unitholders. The issuance also offers an attractive fixed annual distribution rate of 5.75% and certain Community Reinvestment Act benefits to financial institution investors.
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Greystone Housing Impact Investors LP (NYSE: GHI) executed an Exchange Agreement to issue 1,750,000 Series B Preferred Units in exchange for previously outstanding Series A Preferred Units. The newly issued Series B Preferred Units have a stated value of $17,500,000 and provide a fixed annual distribution rate of 5.75%. The exchange transaction allows the Partnership to retain the original $17.5 million in proceeds and extends the potential redemption date for this capital. The earliest potential redemption date for the newly issued Series B Preferred Units is January 2030, with certain exceptions.
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Greystone Housing Impact Investors LP (NYSE: GHI) declared a distribution of $0.44 per BUC to its Beneficial Unit Certificate holders, consisting of a regular quarterly cash distribution of $0.37 per BUC and a supplemental distribution payable in the form of additional BUCs equal in value to $0.07 per BUC. The distributions will be paid on January 31, 2024, and the BUCs will trade ex-distribution as of December 28, 2023. The Board intends to declare an additional supplemental distribution of $0.07 per BUC during the first quarter of 2024, reflecting the Partnership's expectation of strong operating results for the full 2023 fiscal year.
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Greystone Housing Impact Investors LP (NYSE: GHI) sold Suites on Paseo, a 384-bed student housing property in San Diego, CA, to an affiliate of San Diego State University for approximately $40.7 million. The sale will result in a gross gain of about $9.9 million for the fourth quarter of 2023. The sale is expected to have a taxable gain of approximately $5.9 million for investors in tax year 2023.
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Greystone Housing Impact Investors LP Beneficial Unit Certificates representing assignments of limited partnership interests
NYSE:GHI
GHI Rankings
GHI Stock Data
359.71M
22.66M
1.44%
9.54%
0.1%
Other Activities Related to Credit Intermediation
Finance and Insurance
United States of America
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About GHI
america first multifamily investors, l.p. acquires, holds, sells, and deals in a portfolio of mortgage revenue bonds (mrbs) that are issued to provide construction or permanent financing for multifamily and student housing, and commercial properties. it operates through four segments: mortgage revenue bond investments, mf properties, public housing capital fund trust, and other investments. as of december 31, 2019, the company owned 76 mrbs, of which various bonds were issued by state and local housing authorities in order to provide construction or permanent financing for 66 residential properties comprising a total of 10,871 rental units located in 13 states in the united states. america first capital associates limited partnership two serves as the general partner of the company. the company was founded in 1998 and is based in omaha, nebraska.