Greystone Housing redeems $11.4M equity in Vantage at Tomball sale, receives $14.2M net cash

Greystone Housing Impact Investors LP

Sale of 288-unit multifamily property Vantage at Tomball closed Jan 31, 2025; GHI contributed $11.4M equity in Aug 2020.
Net cash received ~$14.2M, including return of equity and accrued preferred return; no gain/loss/CAD recognized.
CEO says proceeds to be deployed into new accretive investments across investment classes.
Return lower than prior equity investments due to rising insurance costs and higher interest rates.

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