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Greystone Housing Impact Investors LP Beneficial Unit Certificates representing assignments of limited partnership interests - GHI STOCK NEWS

Welcome to our dedicated page for Greystone Housing Impact Investors LP Beneficial Unit Certificates representing assignments of partnership interests news (Ticker: GHI), a resource for investors and traders seeking the latest updates and insights on Greystone Housing Impact Investors LP Beneficial Unit Certificates representing assignments of partnership interests stock.

Greystone Housing Impact Investors LP (NYSE: GHI) specializes in acquiring a portfolio of mortgage revenue bonds (MRBs). These bonds are issued by state and local housing authorities to finance construction and permanent projects for affordable multifamily housing, seniors housing, and commercial properties. With four main segments—Affordable Multifamily MRB Investments, Seniors and Skilled Nursing MRB Investments, MF Properties, and Market-Rate Joint Venture Investments—the company focuses on generating revenue primarily from the Affordable Multifamily MRB Investments segment.

Established in 1998 and headquartered in Omaha, Nebraska, Greystone Housing Impact Investors LP has grown to own 76 MRBs as of December 31, 2019. These bonds support 66 residential properties totaling 10,871 rental units across 13 states in the U.S. The general partner of the company is America First Capital Associates Limited Partnership Two.

The company recently announced its financial results for the three and nine months ended September 30, 2023, emphasizing its commitment to transparency and investor relations. Greystone Housing Impact Investors LP is proactive in engaging with its investors through webcasts and conference calls, providing timely updates on financial performance and strategies.

Recent developments include the increase in line-of-credit commitments from new lenders, showcasing the company's financial health and ability to secure additional credit. Investors are encouraged to participate in upcoming conference calls and webcasts to stay informed about the latest financial results and strategic plans.

For further information, you can visit the company's Investor Relations website. Greystone Housing Impact Investors LP remains a significant player in the affordable housing finance sector, continually striving to meet the evolving needs of communities and investors alike.

News

Greystone Housing Impact Investors LP Announces Regular Quarterly Cash Distribution and Supplemental BUCs Distribution

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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 Increases Line of Credit to $50 Million

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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 Files Form 10-K and Issues Investor Schedule K-1s 

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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 Reports Fourth Quarter and Annual 2023 Financial Results

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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 Schedules Fourth Quarter 2023 Earnings Conference Call for Thursday, February 22, 2024 at 4:30 p.m. Eastern Time

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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 Issues 500,000 Series B Preferred Units

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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 Issues 1,750,000 Series B Preferred Units

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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 Announces Regular Quarterly Cash Distribution and Supplemental BUCs Distribution

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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 Announces Sale of Suites on Paseo

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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 Reports Third Quarter 2023 Financial Results

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NYSE: GHI - Greystone Housing Impact Investors LP Announces Strong Financial Results and New Secured Financing Transaction, Plans Additional Supplemental Distributions. The partnership reported net income of $0.39 per BUC and CAD of $0.25 per BUC for the three months ended September 30, 2023. For the nine months ended September 30, 2023, net income was $1.84 per BUC and CAD was $1.67 per BUC. The Board declared a quarterly distribution of $0.44 per BUC, 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 Partnership also completed a new secured financing transaction, receiving net proceeds of approximately $60.4 million after payment of transaction-related costs.
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FAQ

What is the current stock price of Greystone Housing Impact Investors LP Beneficial Unit Certificates representing assignments of partnership interests (GHI)?

The current stock price of Greystone Housing Impact Investors LP Beneficial Unit Certificates representing assignments of partnership interests (GHI) is $11.75 as of November 20, 2024.

What is the market cap of Greystone Housing Impact Investors LP Beneficial Unit Certificates representing assignments of partnership interests (GHI)?

The market cap of Greystone Housing Impact Investors LP Beneficial Unit Certificates representing assignments of partnership interests (GHI) is approximately 270.7M.

What does Greystone Housing Impact Investors LP do?

Greystone Housing Impact Investors LP acquires mortgage revenue bonds issued by housing authorities to finance affordable multifamily housing, seniors housing, and commercial properties.

What are the primary segments of Greystone Housing Impact Investors LP?

The primary segments are Affordable Multifamily MRB Investments, Seniors and Skilled Nursing MRB Investments, MF Properties, and Market-Rate Joint Venture Investments.

Where is Greystone Housing Impact Investors LP headquartered?

The company is headquartered in Omaha, Nebraska.

When was Greystone Housing Impact Investors LP founded?

The company was founded in 1998.

How many mortgage revenue bonds does the company own?

As of December 31, 2019, the company owned 76 mortgage revenue bonds.

How many rental units are supported by the company's MRBs?

The company's MRBs support a total of 10,871 rental units across 13 states.

Who serves as the general partner of Greystone Housing Impact Investors LP?

America First Capital Associates Limited Partnership Two serves as the general partner.

What recent financial updates has the company provided?

The company announced financial results for the three and nine months ended September 30, 2023, and discussed these results in a webcast.

How does the company engage with its investors?

The company engages with its investors through webcasts, conference calls, and updates on its Investor Relations website.

What recent developments have enhanced the company's financial health?

The company increased its line-of-credit commitment from new lenders, demonstrating its ability to secure additional credit.

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Greystone Housing Impact Investors LP Beneficial Unit Certificates representing assignments of limited partnership interests

NYSE:GHI

GHI Rankings

#3619 Ranked by Market Cap
#89 Ranked by Dividends

GHI Stock Data

270.72M
22.96M
1.41%
9.21%
0.12%
Mortgage Finance
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