Greystone Housing Impact Investors LP(US:GHI)2025-05-07 12:45Securitization and Financing - The company completed a securitization transaction to finance credit-enhanced custodial receipts related to 14 Mortgage Revenue Bonds (MRBs) through the Wisconsin Public Finance Authority[8]. - Fourteen MRBs associated with the 2024 PFA Securitization Transaction were created, with cash flows from senior custodial receipts used to pay debt service on Affordable Housing Multifamily Certificates[9]. - The company has a Shelf Registration Statement for the issuance of up to $300 million of BUCs, Preferred Units, or debt securities[23]. - The Partnership's Shelf Registration Statement allows for the issuance of up to $300 million of BUCs, Preferred Units, or debt securities[23]. Joint Ventures and Investments - The company is involved in a joint venture with BlackRock Impact Opportunities to invest in loans for the construction and rehabilitation of affordable multifamily housing properties across the United States[13]. - The Partnership is managing a joint venture with BlackRock Impact Opportunities to finance the construction and rehabilitation of affordable multifamily housing properties across the United States[13]. - The company is focused on expanding its market presence through strategic investments and partnerships in the affordable housing sector[28]. Financial Performance and Risks - The company has a maximum leverage ratio of 80% established by the Board of Managers[18]. - The Partnership's maximum leverage ratio is set at 80% as established by the Board of Managers[18]. - The company is subject to various risks including defaults on mortgage loans securing MRBs and general economic conditions affecting business operations[30]. - The Partnership's financial performance is subject to various risks including changes in interest rates, inflation, and geopolitical conditions[30]. - The Partnership's investments are concentrated in multifamily, student, and senior citizen residential properties, which may be impacted by economic conditions[30]. - The Partnership's ability to access debt and equity capital is crucial for financing its assets[30]. - The Partnership's financial results are influenced by the general condition of the real estate markets in its operating regions[30]. Distribution of Beneficial Unit Certificates - The company reported a distribution of additional Beneficial Unit Certificates (BUCs) at a ratio of 0.00417 BUCs for each BUC outstanding as of March 28, 2024[14]. - The Partnership completed a distribution of additional BUCs at a ratio of 0.00417 BUCs for each BUC outstanding as of March 28, 2024[14]. Management and Forward-Looking Statements - The company’s financial condition and results of operations are discussed in detail in the Management's Discussion and Analysis section of the report[31]. - The Partnership's equity incentive plan is designed to align the interests of its management with those of its unitholders[13]. - The Partnership's forward-looking statements are based on current expectations and are subject to a high degree of uncertainty and risk[28].