Greystone Housing Impact Investors Lp Beneficial · NYSE:GHI
Greystone Housing Impact Investors Lp Beneficial — Greystone Housing Impact Investors — IPO Roadshow (August 2024)
21 slides from Greystone Housing Impact Investors Lp Beneficial's IPO roadshow presentation, Aug 27, 2024
Slide 1: Preferred Series B Unit Offering
© 2024 Greystone & Co. II LLC. Confidential. All rights reserved. ISSUER FREE WRITING PROSPECTUS DATED August 27, 2024 FILED PURSUANT TO RULE 433 REGISTRATION NO. 333-259207 Preferred Series B Unit Offering
Slide 2: Important Information
Important Information Forward-Looking Statements This presentation incorporates information from a prospectus dated June 16, 2023 (the "Series B Prospectus“), filed by Greystone Housing Impact Investors LP (the "Partnership") with the Securities and Exchange Commission for the offerings to which thi
Slide 3: Important Notices
Important Notices Free Writing Prospectus Statement Greystone Housing Impact Investors LP has filed a registration statement on Form S-3, post-effective amendment no.1 to Form S-3, and post-effective amendment no.2 to Form S-3 (collectively the "Registration Statement") with the SEC for the offering
Slide 4: Preferred Units – Performance Summary
Preferred Units – Performance Summary Investment Thesis: To provide US depository institutions with an investment likely to receive positive Community Reinvestment Act (“CRA”) consideration, while generating income, distributing cash and providing an allocation of investment capital to specific Comm
Slide 5: Greystone Housing Impact Investors LP Partnership Details
Greystone Housing Impact Investors LP Partnership Details as of June 30, 2024 Symbol (NYSE) GHI Most recent quarterly distribution1 $0.37 BUC price (common) $14.81 Units outstanding 23,085,261 Market capitalization $341.9 million 52-week range of BUC price $14.49 - $17.55 Total assets $1.53 billion
Slide 6: The Partnership – Illustrative Structure
The Partnership – Illustrative Structure The Partnership was formed for the primary purpose of acquiring, holding, selling, and managing a portfolio of mortgage revenue bonds issued to provide construction and/or permanent financing of multifamily residential properties. $1.53 billion portfolio gene
Slide 7: Series A/A-1 & B Preferred Unit Overview
Series A/A-1 & B Preferred Unit Overview All Preferred Series Individual asset level allocation of capital for CRA purposes Annual CRA Majority of Assets Certification Pays quarterly cash distribution No fees Senior to the Beneficial Unit Certificates (“BUCs”) – Market Capitalization as of June 30,
Slide 8: Allocable Community Development Investments
Allocable Community Development Investments States with Allocable Community Development Investments As of June 30, 2024, the Partnership has over $1.0 billion of Community Development Investments available for allocation. © 2024 Greystone & Co. II LLC. Confidential. All rights reserved. State CRA Av
Slide 9: Preferred Units Distribution Coverage Ratio Illustration
Preferred Units Distribution Coverage Ratio Illustration The Partnership believes that Net Income and Cash Available for Distribution (“CAD”) provides relevant information about the Partnership’s operations and is necessary for understanding its operating results. The Partnership’s Net Income and CA
Slide 10: Interest Rate Sensitivity Analysis
Interest Rate Sensitivity Analysis The management team seeks the optimization of Fixed versus Variable rate leverage based upon the current and projected market interest rates. The sensitivity analysis below is as of June 30, 2024, and represents the change over the next 12 months assuming an immedi
Slide 11: Community Development Investments
Community Development Investments The Partnership has over $1.0 billion in Community Development Investments (“CDI”) available for allocation as of June 30, 2024 The majority of the Partnership invested assets are eligible CDIs under the Community Reinvestment Act (“CRA”) CRA Majority of Invested As
Slide 12: Appendix
APPENDIX © 2024 Greystone & Co. II LLC. Confidential. All rights reserved.
Slide 13: The Management Team
The Management Team We approach multifamily real estate as long-term owners and managers. Based in Omaha, Nebraska, the core team of real estate professionals executes the Partnership’s fundamental long-term strategy. Our in-depth knowledge of the industry, from development to property management, c
Slide 14: Greystone – Company Highlights
Greystone – Company Highlights © 2024 Greystone & Co. II LLC. Confidential. All rights reserved. *For HUD’s 2023 fiscal year. Based upon combined firm commitments received by Greystone Funding Company LLC and Greystone Servicing Company LLC and excludes risk sharing and hospital loans. ** Primary an
Slide 15: Summary of Terms: Series B Preferred Units
Summary of Terms: Series B Preferred Units ISSUER Greystone Housing Impact Investors LP, a Delaware limited partnership. (NYSE:GHI) SECURITIES OFFERED Up to 10,000,000 Series B Preferred Units, representing limited partnership interests in the Partnership, subject to 2:1 issuance test ratio of BUC’s
Slide 16: Summary of Terms: Series A-1 Preferred Units
Summary of Terms: Series A-1 Preferred Units ISSUER Greystone Housing Impact Investors LP, a Delaware limited partnership. (NYSE: GHI) RATE 3.0% Fixed rate, non-cumulative distribution paid quarterly. DISTRIBUTION AND LIQUIDATION PREFERENCE Senior to BUCs and on parity with the Series A Preferred Un
Slide 17: Ownership Diagram
Ownership Diagram Greystone Housing Impact Investors LP – Ownership Diagram (1) Beneficial Unit Certificates (“BUCs”) represent Limited Partnership Interests in Greystone Housing Impact Investors LP that are credited to the initial Limited Partner and whose rights are irrevocably assigned to the BUC
Slide 18: Addendum B Community Development Investments
Addendum B Community Development Investments Q1 2016 – June 30, 2024 Community Development Investment Project Location Deal Type County Units Companion at Thornhill Apartments Lexington, SC Refinance Lexington 179 Concord at Williamcrest Houston TX Acquisition + Rehab Harris 288 Concord at Gulf Gate
Slide 19: Addendum B (continued) Community Development Investments
Addendum B (continued) Community Development Investments Q1 2016 – June 30, 2024 Community Development Investment Project Location Deal Type County Units Village at Avalon Albuquerque, NM New Construction Bernalillo 240 Gateway Village Hillsborough, NC Acquisition + Rehab Orange 64 Lynnhaven Durham,
Slide 20: Addendum B (continued) Community Development Investments
Addendum B (continued) Community Development Investments Q1 2016 – June 30, 2024 Community Development Investment Project Location Deal Type County Units Poppy Grove I Elk Grove, CA New Construction Sacramento 147 Poppy Grove II Elk Grove, CA New Construction Sacramento 82 Poppy Grove III Elk Grove,
Slide 21: Addendum C Cash Available for Distribution Calculation
Addendum C Cash Available for Distribution Calculation The Partnership believes that Cash Available for Distribution (“CAD”) provides relevant information about the Partnership’s operations and is necessary, along with net income, for understanding its operating results. To calculate CAD, the Partne
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