Greystone Housing Impact Investors Lp Beneficial · NYSE:GHI
Greystone Housing Impact Investors Lp Beneficial — Greystone Housing Impact Investors — IPO Roadshow (March 2024)
21 slides from Greystone Housing Impact Investors Lp Beneficial's IPO roadshow presentation, Mar 26, 2024
Slide 1: Preferred Series A-1 and Series B Unit Offerings
© 2024 Greystone & Co. II LLC. Confidential. All rights reserved. ISSUER FREE WRITING PROSPECTUS DATED March 26, 2024 FILED PURSUANT TO RULE 433 REGISTRATION NO. 333-259203 & REGISTRATION NO. 333-259207 Preferred Series A-1 and Series B Unit Offerings
Slide 2: Important Information
Important Information Forward-Looking Statements This presentation incorporates information from two prospectuses dated April 15, 2022 (the "Series A-1 Prospectus") and June 16, 2023 (the "Series B Prospectus", filed by Greystone Housing Impact Investors LP (the "Partnership") with the Securities an
Slide 3: Important Notices
Important Notices Free Writing Prospectus Statement Greystone Housing Impact Investors LP (“we,” “us,” “our,” or the “Partnership”) has filed a registration statement on Form S-3 and a post-effective amendment no.1 to Form S-3 (the “Series A-1 Registration Statement”) with the Securities and Exchang
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 December 31, 2023 Symbol (NYSE) GHI Most recent quarterly distribution1 $0.44 BUC price (common) $16.79 Units outstanding 22,897,187 Market capitalization $384.4 million 52-week range of BUC price $14.56 - $19.28 Total assets $1.5 billi
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. $1.5 billion portfolio gener
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 December
Slide 8: Allocable Community Development Investments
Allocable Community Development Investments States with Allocable Community Development Investments As of February 21, 2024, the Partnership has approximately $963 million of Community Development Investments available for allocation. State CRA Available for Allocation AZ $7,560,034 CA 256,361,395 F
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 December 31, 2023, and represents the change over the next 12 months assuming an im
Slide 11: Community Development Investments
Community Development Investments The Partnership has approximately $963 million in Community Development Investments (“CDI”) available for allocation as of February 21, 2023 The majority of the Partnership invested assets are eligible CDIs under the Community Reinvestment Act (“CRA”) CRA Majority o
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 A-1 Preferred Units
Summary of Terms: Series A-1 Preferred Units ISSUER Greystone Housing Impact Investors LP, a Delaware limited partnership. (NYSE: GHI) SECURITIES OFFERED Up to 3,500,000 Series A-1 Preferred Units, representing limited partnership interests in the Partnership, subject to 3:1 issuance test ratio of B
Slide 16: 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 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 – December 31, 2023 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
Slide 19: Addendum B (continued) Community Development Investments
Addendum B (continued) Community Development Investments Q1 2016 – December 31, 2023 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 Dur
Slide 20: Addendum B (continued) Community Development Investments
Addendum B (continued) Community Development Investments Q1 2016 – December 31, 2023 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 Gr
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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