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

Omaha, neb., june 03, 2021 (globe newswire) -- america first multifamily investors, l.p. (nasdaq: atax) (the “partnership”) announced today that on may 27, 2021, vantage at powdersville, a 288-unit market rate multifamily property located in powdersville, sc, was sold at the direction of the managing member of vantage at powdersville, llc (the “property owner”). the partnership's investment in the property was originated in november 2017 and the partnership previously contributed equity totaling approximately $10.7 million. 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 $19.4 million and will:
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