Greystone Housing Impact Investors LP Announces Sale of Vantage at Tomball
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Greystone Housing Impact Investors LP (NYSE: GHI) announced the sale of Vantage at Tomball, a 288-unit property in Texas. The sale resulted in a net cash return of $14.2 million, with no gain or loss recognized.
February 04, 2025 | 9:30 pm
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NEUTRAL IMPACT
Greystone Housing Impact Investors LP sold its investment in Vantage at Tomball, receiving $14.2 million in net cash. The sale did not result in any gain or loss for the company.
The sale of Vantage at Tomball resulted in a return of equity and accrued preferred return for GHI, but no gain or loss was recognized. This indicates a neutral impact on the company's financials in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100