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.
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.
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.
FAQ
What is the current stock price of Greystone Housing Impact Investors LP Beneficial Unit Certificates representing assignments of partnership interests (GHI)?
What is the market cap of Greystone Housing Impact Investors LP Beneficial Unit Certificates representing assignments of partnership interests (GHI)?
What does Greystone Housing Impact Investors LP do?
What are the primary segments of Greystone Housing Impact Investors LP?
Where is Greystone Housing Impact Investors LP headquartered?
When was Greystone Housing Impact Investors LP founded?
How many mortgage revenue bonds does the company own?
How many rental units are supported by the company's MRBs?
Who serves as the general partner of Greystone Housing Impact Investors LP?
What recent financial updates has the company provided?
How does the company engage with its investors?
What recent developments have enhanced the company's financial health?
