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America First Multifamily Investors, L.P. (NASDAQ: ATAX) will host a conference call on May 5, 2021, at 5:00 p.m. Eastern Time to discuss its First Quarter 2021 results. Participants can register for the call via a provided link or dial in with a conference ID. Following the call, a recorded replay will be available on the Partnership’s Investor Relations website. Founded in 1998, America First focuses on acquiring and managing mortgage revenue bonds for affordable housing, with a strategy aimed at leveraging investments for growth.
America First Multifamily Investors, L.P. (NASDAQ: ATAX) announced the sale of Vantage at Germantown, a 288-unit multifamily project in Memphis, TN, generating significant returns for unitholders. The Partnership received approximately $16.4 million in cash and will recognize an investment income of around $862,000 and a gain on sale of approximately $3.1 million. This transaction translates to about $0.05 per Beneficial Unit Certificate (BUC) in net income and Cash Available for Distribution for Q1 2021. The CEO expressed confidence in future investments amid ongoing market conditions.
On March 17, 2021, America First Multifamily Investors, L.P. (NASDAQ: ATAX) announced a quarterly cash distribution of $0.09 per Beneficial Unit Certificate (BUC), a 50% increase from the previous quarter's $0.06 per BUC. The distribution is payable on April 30, 2021, for BUC holders recorded by March 31, 2021. This decision reflects Greystone Manager's confidence in the Partnership’s strategy and performance, driven by improving economic conditions post-COVID-19.
On February 25, 2021, America First Multifamily Investors, L.P. (NASDAQ: ATAX) announced its financial results for the year ended December 31, 2020. The Partnership reported total revenues of $55.5 million and a net income of $0.07 per Beneficial Unit Certificate (BUC). Cash Available for Distribution was $0.26 per BUC. Noteworthy transactions included a $6.7 million investment in three unconsolidated entities and commitments for future investments totaling $158.6 million. The Partnership continues to manage its multifamily portfolio effectively amid challenges from the COVID-19 pandemic.
America First Multifamily Investors, L.P. (NASDAQ: ATAX) announced a conference call scheduled for February 25, 2021, at 4:30 p.m. Eastern Time to discuss its Fourth Quarter 2020 results. Investors can join via a live broadcast link or by phone with a Conference ID of 7093802. The call will allow participants to ask questions after management's presentation. A recorded replay will be available on their Investor Relations website post-call. The Partnership aims to leverage mortgage revenue bonds for financing affordable housing development.
America First Multifamily Investors, L.P. (NASDAQ: ATAX) has appointed Kenneth C. Rogozinski as the permanent Chief Executive Officer, effective February 10, 2021. Rogozinski, who has been acting as interim CEO since January 1, 2021, served as Chief Investment Officer since September 2019. His extensive experience, including overseeing over $1.1 billion in capital deployment at Dreadnought Capital Management, is expected to provide continuity and growth for the Partnership. The Board expressed confidence in his leadership to enhance operations for unitholders.
On December 16, 2020, America First Multifamily Investors, L.P. (NASDAQ: ATAX) announced a quarterly cash distribution of $0.06 per Beneficial Unit Certificate (BUC), payable on January 29, 2021. BUC holders of record as of December 31, 2020, will receive this distribution, with trading ex-distribution starting December 29, 2020. The General Partner will review the distribution policy periodically, with future payment decisions remaining at their discretion. America First Multifamily Investors focuses on acquiring and managing mortgage revenue bonds for multifamily and commercial properties, aiming for tax-exempt interest income.
America First Multifamily Investors, L.P. (NASDAQ: ATAX) announced the appointment of Kenneth C. Rogozinski as Interim CEO, effective January 1, 2021, following Chad L. Daffer's retirement on December 31, 2020. Rogozinski has been the Chief Investment Officer since September 2019. The Board is considering both internal and external candidates for a permanent CEO. Additionally, Deborah A. Wilson has joined the Board of Managers, effective December 1, 2020, enhancing the board's expertise. Her experience in commercial mortgage banking will complement existing members.
On November 3, 2020, America First Multifamily Investors (NASDAQ: ATAX) reported financial results for Q3 2020, showcasing total revenues of $13.8 million and a net loss of $(0.03) per Beneficial Unit Certificate (BUC). For the nine months, revenues reached $42.1 million with net income of $0.07 per BUC. The partnership's total assets stood at $1.2 billion, while cash available for distribution was $0.06 per BUC. Significant transactions included commitments for multifamily construction totaling over $84 million and successful management of MRB portfolios amidst the COVID-19 pandemic.
America First Multifamily Investors, L.P. (NASDAQ: ATAX) will host a conference call on November 4, 2020, at 4:30 PM Eastern Time to discuss its Third Quarter 2020 results. Participants can access the call via a registration link or by dialing in with Conference ID# 8838624. A recorded replay will be made available on the Partnership's Investor Relations website afterward. America First Multifamily Investors specializes in acquiring mortgage revenue bonds aimed at financing affordable multifamily and commercial properties, intending to enhance its investment growth strategy.
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