America first multifamily investors, l.p. announces sale of vantage at murfreesboro

Omaha, neb., march 21, 2022 (globe newswire) -- america first multifamily investors, l.p. (nasdaq: atax) (the “partnership”) announced today that on march 17, 2022, vantage at murfreesboro, a 288-unit market rate multifamily property located in murfreesboro, tn, was sold at the direction of the managing member of vantage at murfreesboro llc (the “property owner”). the partnership's investment in the property was originated in september 2018 and the partnership contributed equity totaling approximately $12.2 million during construction. as a result of the sale, the partnership's equity investment in the property owner was redeemed. at closing of the sale, the partnership received net cash of approximately $29.4 million, inclusive of the return of its contributed equity. the partnership will recognize the following in the first quarter of 2022:
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