Greystone housing impact investors lp announces sale of vantage at conroe

Omaha, neb., june 28, 2023 (globe newswire) -- greystone housing impact investors lp (nyse: ghi) (the “partnership”) announced today that on june 22, 2023, vantage at conroe, a 288-unit market rate multifamily property located in conroe, tx, was sold at the direction of its managing member. the partnership's investment in vantage at conroe was originated in april 2019 and the partnership contributed equity totaling $9.0 million during construction. 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 $19.8 million, inclusive of the return of its contributed equity. the partnership estimates it will recognize the following in the second quarter of 2023:
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