Greystone housing impact investors lp announces sale of vantage at tomball

Omaha, neb., feb. 04, 2025 (globe newswire) -- greystone housing impact investors lp (nyse: ghi) (the “partnership”) announced today that on january 31, 2025, vantage at tomball, a 288-unit market rate multifamily property located in tomball, tx, was sold at the direction of its managing member. the partnership's investment in vantage at tomball was originated in august 2020 and the partnership contributed equity totaling $11.4 million. as a result of the sale, the partnership's equity investment in the property was redeemed. at closing of the sale, the partnership received net cash of approximately $14.2 million, consisting of the return of its contributed equity and accrued preferred return. the partnership estimates it will not recognize any gain, loss, or cash available for distribution upon sale.
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