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Greystone Housing Impact Investors - GHI STOCK NEWS

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.

About Greystone Housing Impact Investors LP

Greystone Housing Impact Investors LP (GHI) is a real estate investment entity specializing in the acquisition, management, and financing of mortgage revenue bonds (MRBs). These bonds, issued by state and local housing authorities, are utilized to provide construction or permanent financing for affordable multifamily housing, seniors housing, and select commercial properties. By focusing on these socially impactful housing solutions, GHI plays a pivotal role in addressing critical housing needs while generating stable, interest-based revenue streams.

Business Model and Revenue Streams

GHI operates through four distinct segments:

  • Affordable Multifamily MRB Investments: This segment represents the core of GHI's operations, focusing on bonds that fund affordable housing projects, which are in high demand across the United States.
  • Seniors and Skilled Nursing MRB Investments: Catering to the growing need for senior living and healthcare facilities, this segment underscores GHI's commitment to socially impactful investments.
  • MF Properties: This segment involves direct ownership and management of multifamily properties, providing GHI with diversified income streams beyond bond investments.
  • Market-Rate Joint Venture Investments: Through strategic partnerships, GHI participates in market-rate housing projects, balancing its portfolio with investments that offer competitive returns.

The company generates the majority of its revenue from its Affordable Multifamily MRB Investments segment, leveraging its expertise in navigating the complexities of housing finance and regulatory frameworks. This focus not only ensures steady cash flows but also aligns with its mission to support affordable housing initiatives.

Industry Context and Competitive Landscape

GHI operates within the broader real estate investment and financing industry, a sector characterized by its cyclical nature and sensitivity to economic conditions. The company's niche focus on affordable and seniors housing sets it apart from traditional real estate investment trusts (REITs) and other competitors that may prioritize luxury or market-rate properties. By aligning its investments with societal needs, GHI addresses a critical market gap while benefiting from the support of state and local housing authorities.

However, GHI faces challenges such as fluctuations in interest rates, credit market conditions, and the valuation of its MRB investments. These factors require the company to maintain robust risk management practices and adapt to changing economic landscapes.

Operational Expertise and Strategic Positioning

GHI's expertise in structuring and managing MRBs demonstrates its deep understanding of housing finance. The company’s structure as a limited partnership allows it to efficiently allocate resources and focus on long-term value creation. By collaborating with state and local housing authorities, GHI ensures that its investments align with regulatory requirements and community needs.

Additionally, GHI's diversification across its four business segments mitigates risk and enhances its ability to navigate market uncertainties. This strategic approach positions the company as a reliable player in the real estate financing sector, with a unique emphasis on social impact and affordability.

Conclusion

Greystone Housing Impact Investors LP exemplifies a specialized approach to real estate investment, focusing on mortgage revenue bonds that address critical housing needs. Through its diversified business segments and commitment to affordable and seniors housing, GHI not only generates stable revenue but also contributes to societal well-being. Its strategic positioning within the real estate financing industry highlights its expertise, adaptability, and long-term value proposition.

Rhea-AI Summary
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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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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Greystone Housing Impact Investors LP (NYSE: GHI) has completed a new secured financing transaction, generating net proceeds of approximately $60.4 million. The financing involved the sale of residual interests in three Tax Exempt Bond Securitization financings to the Wisconsin Public Finance Authority. The Partnership retained $20.5 million of residual Affordable Housing Multifamily Certificates. The new debt financing provides non-recourse, non-mark-to-market financing and offers interest cost savings of approximately 3.9% per annum compared to the previous variable-rate debt financing program.
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Greystone Housing Impact Investors LP (NYSE: GHI) will host a conference call on November 8, 2023, to discuss Third Quarter 2023 results.
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Greystone Housing Impact Investors LP announces the listing of Vantage at Tomball for sale.
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Greystone Housing Impact Investors LP (GHI) declares a distribution to BUC holders of $0.44 per BUC, consisting of a regular cash distribution of $0.37 per BUC and a supplemental distribution of additional BUCs valued at $0.07 per BUC. The Partnership expects to issue approximately 95,000 BUCs for the supplemental distribution. Cash and supplemental distributions will be paid on October 31, 2023. The Board intends to declare additional supplemental distributions of $0.07 per BUC in Q4 2023 and Q1 2024 based on strong operating results for the full fiscal year.
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FAQ

What is the current stock price of Greystone Housing Impact Investors (GHI)?

The current stock price of Greystone Housing Impact Investors (GHI) is $12.4 as of March 3, 2025.

What is the market cap of Greystone Housing Impact Investors (GHI)?

The market cap of Greystone Housing Impact Investors (GHI) is approximately 292.0M.

What does Greystone Housing Impact Investors LP do?

GHI specializes in acquiring and managing mortgage revenue bonds to finance affordable multifamily housing, seniors housing, and commercial properties.

How does GHI generate revenue?

GHI generates revenue primarily through interest income from its mortgage revenue bond investments, with a focus on affordable housing initiatives.

What are GHI's main business segments?

GHI operates through four segments: Affordable Multifamily MRB Investments, Seniors and Skilled Nursing MRB Investments, MF Properties, and Market-Rate Joint Venture Investments.

How does GHI differentiate itself from competitors?

GHI focuses on socially impactful investments in affordable and seniors housing, setting it apart from competitors that prioritize luxury or market-rate properties.

What challenges does GHI face in its industry?

GHI faces challenges such as interest rate fluctuations, credit market conditions, and the valuation of its mortgage revenue bond investments.

What is the significance of GHI's Affordable Multifamily MRB Investments segment?

This segment is GHI's primary revenue driver, focusing on bonds that finance affordable housing projects, addressing a critical societal need.

What role do state and local housing authorities play in GHI's operations?

State and local housing authorities issue the mortgage revenue bonds that GHI acquires, ensuring alignment with regulatory requirements and community needs.

Why is GHI structured as a limited partnership?

GHI's limited partnership structure allows for efficient resource allocation and a focus on long-term value creation for its stakeholders.
Greystone Housing Impact Investors

NYSE:GHI

GHI Rankings

GHI Stock Data

292.05M
22.65M
1.41%
9.12%
0.21%
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