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

Omaha, neb., march 06, 2023 (globe newswire) -- greystone housing impact investors lp (nyse: ghi) (the “partnership”) announced today that on march 1, 2023, vantage at conroe, a 288-unit market rate multifamily property located in conroe, tx (the “property”), was 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 april 2019 and the partnership contributed equity totaling $9.0 million during its construction. construction of the property was completed in january 2021. as disclosed in the partnership's previous filings and earnings announcements, the property reached 90% physical occupancy in the second quarter of 2022 and has maintained physical occupancy near 90% since that date. based on prior vantage property sale timelines, the sale of the property is expected to occur in the second or third quarter of 2023.
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