Greystone housing impact investors lp announces broker's for sale listing of vantage at hutto

Omaha, neb., sept. 23, 2024 (globe newswire) -- greystone housing impact investors lp (nyse: ghi) (the “partnership”) announced today that vantage at hutto, a 288-unit market rate multifamily property located in hutto, tx (the “property”), has been publicly listed for sale by institutional property advisors texas at the direction of the property-owning entity's managing member. the partnership's non-controlling investment in the property was originated in november 2020 and the partnership has contributed equity totaling $11.8 million during construction and stabilization. construction of the property was completed in december 2023. the property reported 89% physical occupancy as of august 31, 2024. if the listing process is consistent with past vantage property sales and a sale contract is successfully executed, then the partnership expects the sale of the property to occur in the first quarter of 2025. current market volatility and potential future market developments may delay the expected timing of the sale and may negatively impact the final sales price for the property.
GHI Ratings Summary
GHI Quant Ranking