Greystone Housing Impact Investors LP Announces Sale of Vantage at Loveland
Greystone Housing Impact Investors LP sold the 288-unit Vantage at Loveland property, receiving net cash proceeds of approximately $23.6 million at closing. The sale returned the Partnership's remaining $21.1 million equity investment plus $2.5 million in accrued preferred return, with proceeds expected to generate $0.11 per BUC in Q3 income and CAD.
Key figures
- Cad per buc
- $0.11
- Net cash proceeds
- $23.6 million
- Net income per buc
- $0.11
- Prior equity return
- $2.1 million
- Prior preferred return
- $5.8 million
- Sale investment income
- $2.5 million
- Equity returned at sale
- $21.1 million
- Initial equity investment
- $23.2 million
- Accrued preferred return sale
- $2.5 million
AI analysis
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