Greystone housing impact investors lp announces sale of suites on paseo

Omaha, neb., dec. 11, 2023 (globe newswire) -- greystone housing impact investors lp (nyse: ghi) (the “partnership”) announced today that on december 6, 2023, it sold suites on paseo (also known as the essential), a 384-bed student housing property in san diego, ca, to an affiliate of san diego state university. the gross sales price was approximately $40.7 million when including the contract purchase price and accelerated master lease payments. the partnership originally acquired a tax-exempt mortgage revenue bond secured by suites on paseo in december 2013 and obtained outright ownership of the property via a deed in lieu of foreclosure in september 2015.
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