Greystone Housing Impact Investors Lp Beneficial · NYSE:GHI
Greystone Housing Impact Investors Lp Beneficial — America First Multifamily Investors — IPO Roadshow (August 2022)
19 slides from Greystone Housing Impact Investors Lp Beneficial's IPO roadshow presentation, Aug 25, 2022
Slide 1: ATAX Preferred Series A-1 Exchange Offering Issuer Free Writing Prospectus
ATAX Preferred Series A-1 Exchange Offering Issuer Free Writing Prospectus Dated August 25, 2022 Filed Pursuant to Rule 433 Registration No. 333-255475
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: Free Writing Prospectus Statement
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 Statement”) with the Sec
Slide 4: ATAX Preferred – Performance Summary
ATAX Preferred – 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 Commu
Slide 5: ATAX Series A Preferred Unit Holder Options
ATAX Series A Preferred Unit Holder Options Series A-1 Preferred Unit 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 Investor Optional Redemption Return of investment capital Rele
Slide 6: ATAX – The Fund
ATAX – The Fund Partnership Details as of June 30, 2022 Symbol (NASDAQ) ATAX Most recent quarterly distribution $0.57 BUC price (common) $18.30 Units outstanding 22,017,915 Market capitalization $402.9 million 52-week range of BUC price $16.53 - $21.21 Total assets $1.44 billion Ratio of debt to tot
Slide 7: ATAX – Illustrative Structure
ATAX – Illustrative Structure ATAX 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. $1.44 billion portfolio generates primarily intere
Slide 8: Allocable Community Development Investments
Allocable Community Development Investments States with Allocable Community Development Investments State Available for Allocation CA 148,502,445 CO 55,099,572 FL 25,363,127 GA 25,269,777 IL 7,351,468 IN 5,220,000 LA 11,500,000 MN 155,797,600 MS 6,900,000 NC 16,365,000 NM 24,900,000 SC 77,523,004 TN
Slide 9: Preferred Units Distribution Coverage Ratio
Preferred Units Distribution Coverage Ratio Series A/A-1 Preferred Units Distribution Coverage Ratio Year Net Income ($US) CAD Preferred Units Distribution & Accretion Full CAD2 Series A/A-1 Preferred Units Distribution3 Net Income CAD 2016 23,784,507 30,204,080 583,407 30,787,487 2,835,000 8.4X 10.
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 interest rate market. The sensitivity analysis represents the change over the next 12 months assuming an immediate shift in rates and management d
Slide 11: Community Development Investments
Community Development Investments ATAX currently has over $920 million in Community Development Investments (“CDI”) available for allocation nationally as of June 2022 The majority of ATAX invested assets are eligible CDIs under the Community Reinvestment Act (“CRA”) CRA Majority of Invested Assets
Slide 12: Appendix
Se APPENDIX
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 ATAX’s fundamental long-term strategy. Our in-depth knowledge of the industry, from development to property management, combined wit
Slide 14: Greystone
Greystone #11 FHA Multifamily & Healthcare Lender Top 10 Fannie Mae DUS® & Freddie Mac Optigo® Lender #2 Fannie Mae DUS ® & Freddie Mac Optigo® Small Loan Lender $18.3B Loan Originations in 2021 $84.1B2 Total Loan Servicing Portfolio COMPANY STRUCTURE Loan Servicing and Asset Management Real Estate
Slide 15: Summary of Terms: Series A-1 Preferred Units
Summary of 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 o
Slide 16: Addendum A: Ownership Diagram
Addendum A America First Multifamily Investors, L.P. – Ownership Diagram Beneficial Unit Certificates (“BUCs”) represent Limited Partnership Interests in America First Multifamily Investors, L.P. that are credited to the initial Limited Partner and whose rights are irrevocably assigned to the BUC Ho
Slide 17: Addendum B: Community Development Investments Q1 2016 – Q2 22
Addendum B Community Development Investments Q1 2016 – Q2 2022 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 18: Addendum B (continued): Community Development Investments
Addendum B (continued) Community Development Investments Q1 2016 – Q2 2022 Community Development Investment Project Location Deal Type County State Units Village at Avalon Albuquerque, NM New Construction Bernalillo NM 240 Gateway Village Hillsborough, NC Acquisition + Rehab Orange NC 64 Lynnhaven D
Slide 19: 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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