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

Omaha, neb., march 30, 2021 (globe newswire) -- america first multifamily investors, l.p. (nasdaq: atax) (the “partnership”) announced today that on march 26, 2021, vantage at germantown, a 288-unit market rate multifamily project located in memphis, tn, was sold at the direction of the managing member of vantage at germantown, llc (the “property owner”). 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 cash of approximately $16.4 million and will:
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