Welcome to our dedicated page for Greystone Housing Impact Investors news (Ticker: GHI), a resource for investors and traders seeking the latest updates and insights on Greystone Housing Impact Investors stock.
News about Greystone Housing Impact Investors LP (NYSE: GHI) focuses on its activities as a limited partnership that acquires and manages mortgage revenue bonds and related investments tied to affordable multifamily, seniors and student housing properties. This page aggregates press releases and market updates so readers can follow how the Partnership’s financing decisions, portfolio developments, and distribution policies evolve over time.
Regular announcements cover quarterly financial results, including net income or loss, cash available for distribution, and updates on total mortgage revenue bond and governmental issuer loan investments. Earnings releases are often accompanied by details on the performance of interest rate hedging strategies, such as interest rate swaps, and commentary on investment activity in mortgage revenue bonds, taxable MRBs, GILs, taxable GILs, and property loan investments.
Investors can also track distribution declarations to Beneficial Unit Certificate holders, where the Board of Managers of Greystone AF Manager LLC explains how distribution levels relate to the Partnership’s operating environment, capital allocation, and long-term objectives. Additional news items highlight changes in secured revolving lines of credit, amendments to general line of credit facilities, and new loan agreements used to finance acquisitions of multifamily residential properties.
Other notable updates include the issuance of Series B Preferred Units under a shelf registration statement, strategic commentary on joint venture equity investments in market-rate multifamily and seniors housing, and transactions in which the Partnership or its subsidiaries acquire properties associated with its mortgage revenue bond investments. For ongoing insight into GHI’s housing-focused finance activities, investors may review this news feed alongside the Partnership’s SEC filings and earnings conference call information.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Greystone Housing Impact Investors LP (NYSE: GHI) has announced a conference call on May 4, 2023, at 4:30 p.m. ET to discuss the Partnership's First Quarter 2023 results. Dial-in details include toll-free access at (877) 407-8813 for U.S. callers and +1 (201) 689-8521 for international participants. The call will also be available via a live webcast on the Partnership's website. A recorded replay will be hosted on their Investor Relations page. Greystone Housing focuses on acquiring and managing mortgage revenue bonds for financing affordable housing. The Partnership targets growth through leveraging its investments and entering into interest rate risk management strategies. Forward-looking statements highlight various risks, including interest rate fluctuations and market conditions, which could affect future performance.
On March 15, 2023, Greystone Housing Impact Investors LP (NYSE: GHI) declared a cash distribution of $0.37 per beneficial unit certificate (BUC), payable on April 28, 2023. The record date is March 31, 2023, with ex-distribution trading commencing on March 30, 2023. Greystone Manager assesses distributions based on the Partnership's current and projected operating results, emphasizing long-term benefits for BUC holders. The Partnership focuses on acquiring mortgage revenue bonds for multifamily, senior, and student housing, aiming for tax-exempt interest income. For more information, visit www.ghiinvestors.com.
Greystone Housing Impact Investors LP (NYSE: GHI) announced that Vantage at Conroe, a 288-unit multifamily property in Conroe, TX, was listed for sale on March 1, 2023. The Partnership invested $9.0 million during the property's construction, which completed in January 2021. The property has maintained nearly 90% occupancy since Q2 2022. The sale is anticipated in Q2 or Q3 2023, with net proceeds expected for the Partnership upon successful completion, per the operating agreement. Greystone aims to expand its portfolio of mortgage revenue bonds and enhance investment growth, benefiting from tax-exempt earnings.
On February 23, 2023, Greystone Housing Impact Investors LP (NYSE: GHI) released its financial results for Q4 and the full year ending December 31, 2022. Key highlights include a net income of $0.09 per Beneficial Unit Certificate (BUC) for Q4 and $2.62 per BUC for the year, with Cash Available for Distribution (CAD) of $0.15 and $2.37 per BUC, respectively. Total assets stand at $1.57 billion. The Partnership announced a distribution of $0.67 per BUC, the highest level in 20 years. Recent investment activities include a total of $88.4 million in MRB commitments and multiple joint venture equity investments, indicating strong positioning for future growth.
Greystone Housing Impact Investors LP (NYSE: GHI) announced on February 15, 2023, the execution of an Exchange Agreement for 700,000 Series A-1 Preferred Units, valued at $7 million, in exchange for Series A Preferred Units held by a financial institution. Additionally, the Partnership issued 800,000 new Series A-1 Preferred Units, raising $8 million in new capital. These transactions provide the Partnership with $8 million in low-cost capital and allow it to retain $7 million of its original issuance. So far, $37 million of Series A Preferred Units have been exchanged. CEO Kenneth C. Rogozinski expressed optimism about these investments benefiting unitholders.
Greystone Housing Impact Investors LP (NYSE: GHI) announced a conference call on February 23, 2023, at 4:30 p.m. ET to discuss its Fourth Quarter 2022 results. Interested participants can join by dialing toll-free (877) 407-8813 or internationally at +1 (201) 689-8521. The call will also be available live via webcast on the Partnership's website. A recorded replay will be accessible afterward. Greystone Housing focuses on acquiring mortgage revenue bonds for affordable housing financing and aims to grow its investment portfolio strategically.