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.
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.
Greystone Housing Impact Investors LP (NYSE: GHI) recently announced the closure of $118 million in mortgage revenue bond (MRB) investments during December 2022 and January 2023. These investments are secured by four affordable housing properties acquired by two mission-driven non-profits. The funding will help rehabilitate these properties to increase affordable multifamily units. Notably, the MRB investments have a fixed interest rate of 6.5% and a seven-year term. These investments were facilitated through Greystone's strong relationships within the industry, emphasizing its commitment to community impact.
On January 5, 2023, Greystone Housing Impact Investors LP (NYSE: GHI) announced the sale of two 294-unit multifamily properties, Vantage at Stone Creek and Vantage at Coventry, located in Omaha, NE. These sales totaled approximately $27.7 million in cash, returning equity invested during construction. The Partnership anticipates recognizing gains of about $15.2 million and net income of approximately $0.51 per Beneficial Unit Certificate (BUC) in Q1 2023. The CEO praised the development partner’s ability to generate significant gains and mentioned ongoing evaluations for further investment opportunities.
On December 19, 2022, Greystone Housing Impact Investors LP (NYSE: GHI) announced a distribution of $0.67 per Beneficial Unit Certificate (BUC) to its holders. This includes a quarterly cash distribution of $0.37, a supplemental cash distribution of $0.10, and a distribution of additional BUCs valued at $0.20. The distributions will be paid on January 31, 2023, to BUC holders of record by December 30, 2022. The board emphasizes its commitment to distributing earnings while retaining capital for future investments, reflecting a total distribution of approximately $2.14 per BUC for 2022.
Greystone Housing Impact Investors LP (NYSE: GHI), formerly America First Multifamily Investors, celebrated its first trading of beneficial unit certificates on December 5, 2022, by ringing the NYSE opening bell on December 12, 2022. The Partnership focuses on mortgage revenue bonds and loans for affordable housing projects. Ken Rogozinski, CEO, highlighted the significance of this event, emphasizing Greystone's role in addressing the affordable housing crisis. Greystone stands as a leader in HUD-insured loans and affordable housing financing, aiming for continued growth in this sector.
On December 5, 2022, America First Multifamily Investors, L.P. officially rebranded as Greystone Housing Impact Investors LP (NYSE: GHI). The trading of its beneficial unit certificates started on the NYSE on the same day. The Partnership aims to enhance its public profile and demonstrate its commitment to affordable multifamily housing investments in the U.S. Additionally, a revised Partnership Agreement and Equity Incentive Plan were approved without the need for BUC holder approval. The NYSE opening bell ceremony is scheduled for December 12, 2022.