Greystone housing impact investors lp announces sales of vantage at stone creek and vantage at coventry

Omaha, neb., jan. 10, 2023 (globe newswire) -- greystone housing impact investors lp (nyse: ghi) (the “partnership”) announced today that on january 5, 2023, vantage at stone creek and vantage at coventry, each being a 294-unit market rate multifamily property located in omaha, ne, were sold at the direction of the respective managing members. the partnership's investment in vantage at stone creek was originated in march 2018 and the partnership contributed equity totaling $7.1 million during construction. the partnership's investment in vantage at coventry was originated in september 2018 and the partnership contributed equity totaling $8.1 million during construction. as a result of the sales, the partnership's equity investment in each property was redeemed. at closing of the sales, the partnership received net cash of approximately $27.7 million, inclusive of the return of its contributed equity. the partnership estimates it will recognize the following in the first quarter of 2023:
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