Greystone Housing Impact Investors LP Announces Sale of Vantage at Tomball

Core Insights - Greystone Housing Impact Investors LP announced the sale of Vantage at Tomball, a 288-unit multifamily property in Tomball, TX, for approximately $14.2 million, which includes the return of its contributed equity of $11.4 million and accrued preferred return [1][2] - The overall return on the Vantage at Tomball investment was lower than historical returns due to rising insurance costs in the Houston area and a higher interest rate environment since the last equity sale in June 2023 [2] Company Overview - Greystone Housing Impact Investors LP was established in 1998 to manage a portfolio of mortgage revenue bonds aimed at financing affordable multifamily, senior, and student housing properties [4] - The company aims to grow its investment by acquiring additional mortgage revenue bonds and leveraging attractive financing structures available in the securities market [4]