Greystone Housing Impact Investors Lp Beneficial · NYSE:GHI
Greystone Housing Impact Investors Lp Beneficial — America First Multifamily Investors — IPO Roadshow (May 2022)
18 slides from Greystone Housing Impact Investors Lp Beneficial's IPO roadshow presentation, May 17, 2022
Slide 1: ATAX Preferred Series A-1 Exchange Offering
Issuer Free Writing Prospectus Dated May 17, 2022 Filed Pursuant to Rule 433 Registration No. 333-255475 ATAX Preferred Series A-1 Exchange Offering
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation incorporates information from a prospectus dated April 15, 2022, filed by America First Multifamily Investors, L.P. (the “Partnership”) with the Securities and Exchange Commission for the offering to which this communication relates (the “Prospectus”) and
Slide 3: Important Notices
Important Notices Free Writing Prospectus Statement America First Multifamily Investors, L.P. (“we,” “us,” “our,” or the “Partnership”) has filed a registration statement on Form S-4 (including a prospectus) and a post-effective amendment no. 1 to the Form S-4 (collectively, the “Registration Statem
Slide 4: ATAX Preferred – Performance Summary
ATAX Preferred – Performance Summary Original Investment Thesis: To provide US depository institutions with an investment likely to receive positive CRA consideration, while generating income, distributing cash and providing an allocation of investment capital to specific Community development inves
Slide 5: ATAX Series A Preferred Options
ATAX Series A Preferred Options Current ATAX Series A Preferred Investor Series A-1 Preferred Exchange New Investment Credit New CRA Allocations Materially similar terms to Series A Senior Security 3% Rate Investor Optional Redemption on 6th Anniversary No Fees Series A Preferred Continue to hold Co
Slide 6: ATAX – The Fund
ATAX – The Fund America First Multifamily Investors, L.P. (NASDAQ:ATAX) (the “Fund” or the “Partnership”) was formed on April 2, 1998 under the Delaware Revised Uniform Limited Partnership Act for the initial purpose of acquiring, holding, selling and otherwise dealing with a portfolio of mortgage r
Slide 7: ATAX – Structure
ATAX – Structure* ATAX was formed for the primary purpose of acquiring, holding, selling and otherwise dealing with a portfolio of mortgage revenue bonds which have been issued to provide construction and/or permanent financing of multifamily residential properties. $1.4 Billion Portfolio generates
Slide 8: Preferred Units Distribution Coverage Ratio
Preferred Units Distribution Coverage Ratio 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. *Please see Addendum C: Cash Available for Dist
Slide 9: 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 interest rate market. Represents the change over the next 12 months assuming an immediate shift in rates and management does not adjust its strate
Slide 10: Community Development Investments
Community Development Investments The majority of the Fund’s invested assets are CRA-eligible investments (“Community Development Investments” or “CDI”). CRA Majority of Invested Assets Certification provided at close. Annual CRA Majority of Invested Assets Certification provided thereafter. The Gen
Slide 11: Community Development Investments Available for Allocation
Community Development Investments Available for Allocation States with Allocable CRA Investments * Information as of March 31, 2022 State CRA Available for Allocation CA 118,195,445 FL 12,855,357 IL 7,351,468 IN 5,220,000 LA 11,500,000 MN 142,800,194 NC 16,365,000 NM 24,900,000 SC 85,408,004 TN 11,5
Slide 12: 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 ATAX’s fundamental long-term strategy. Our in-depth knowledge of the industry, from development to property management, combined wit
Slide 13: Greystone
Greystone Greystone, founded in 1988, is a national commercial real estate lending, investment and advisory firm headquartered in New York with offices in 34 states, and over 1,500 employees. Greystone is a leading multifamily and healthcare lender, having originated $18.3 billion in 2021. Greystone
Slide 14: Summary of Key Terms Series A-1 Preferred Units
Summary of Key Terms Series A-1 Preferred Units ISSUER America First Multifamily Investors, L.P., a Delaware limited partnership. (NASDAQ:ATAX) SECURITIES TO BE EXCHANGED Up to 9,450,000 Series A-1 Preferred Units, representing limited partnership interests in the Partnership EXCHANGE AMOUNT In part
Slide 15: Addendum A – Ownership Diagram
Addendum A Greystone AF Manager LLC America First Capital Associates, L.P. Two (“AFCA 2” or the “General Partner) America First Multifamily Investors, L.P. (NASDAQ: ATAX) Limited Partnership Interests Preferred Units Series A, Series A-1 & Series B Greystone AF Holdings LLC Greystone ILP, Inc. (the
Slide 16: Addendum B Community Development Investments
Addendum B Community Development Investments Q1 2016 – Q4 2021 Community Development Investment Project Location Deal Type County State Units Companion at Thornhill Apartments Lexington, SC Refinance Lexington SC 179 Concord at Williamcrest Houston TX Acquisition + Rehab Harris TX 288 Concord at Gul
Slide 17: Addendum B (continued) Community Development Investments
Addendum B (continued) Community Development Investments Q1 2016 – Q4 2021 Community Development Investment Project Location Deal Type County State Units Rosewood Goose Creek, SC Acquisition + Rehab Berkeley SC 100 Solano Vista Vallejo, CA Acquisition + Rehab Solano CA 96 Village at Avalon Albuquerq
Slide 18: 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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