Greystone Housing Impact Investors Lp Beneficial · NYSE:GHI

Greystone Housing Impact Investors Lp Beneficial — Greystone Housing Impact Investors — IPO Roadshow (December 2024)

21 slides from Greystone Housing Impact Investors Lp Beneficial's IPO roadshow presentation, Dec 19, 2024

  1. Slide 1: Preferred Series B Unit Offering

    ISSUER FREE WRITING PROSPECTUS DATED DECEMBER 19, 2024 FILED PURSUANT TO RULE 433 REGISTRATION NO. 333-282185 Preferred Series B Unit Offering © 2024 Greystone & Co. II LLC. Confidential. All rights reserved. Greystone Housing Impact Investors LP 1

  2. Slide 2: Important Information

    Important Information Forward-Looking Statements This presentation incorporates information from a prospectus dated September 27, 2024, filed by Greystone Housing Impact Investors LP (the Partnership ) with the Securities and Exchange Commission for the offering to which this communication relates (

  3. Slide 3: Important Notices

    Important Notices Free Writing Prospectus Statement Greystone Housing Impact Investors LP has filed a registration statement on Form S-3 (the Registration Statement ) with the SEC for the offering to which this communication relates. The Registration Statement was declared effective by the SEC on Se

  4. 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 Co

  5. Slide 5: Greystone Housing Impact Investors LP

    Greystone Housing Impact Investors LP • Greystone Housing Impact Investors LP (NYSE:GHI) (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

  6. 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. $1.55 billion portfolio gene

  7. 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

  8. Slide 8: Allocable Community Development Investments

    Allocable Community Development Investments As of September 30, 2024, the Partnership has over $1.05 billion of Community Development Investments available for allocation. CRA Available for State Allocation AZ 26,225,686 CA 343,481,276 FL 60,000,000 GA 30,252,594 IN 5,220,000 LA 11,500,000 MD 33,727

  9. 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 an

  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 market interest rates. • The sensitivity analysis below is as of September 30, 2024, and represents the change over the next 12 months assuming

  11. Slide 11: Community Development Investments

    Community Development Investments • The Partnership has over $1.05 billion in Community Development Investments (“CDI”) available for allocation as of September 30, 2024 • The majority of the Partnership invested assets are eligible CDIs under the Community Reinvestment Act (“CRA”) ‒ CRA Majority of

  12. Slide 12: Appendix

    APPENDIX © 2024 Greystone & Co. II LLC. Confidential. All rights reserved. Greystone Housing Impact Investors LP 12

  13. 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 managemen

  14. Slide 14: Greystone – Company Highlights

    Greystone – Company Highlights *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 and Special Servicing combined as of 12/31/23. Fannie Mae and Freddi

  15. 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

  16. Slide 16: Summary of Senior Securities: Series A-1 Preferred Units

    1 Summary of Senior Securities: Series A-1 Preferred Units ISSUER Greystone Housing Impact Investors LP, a Delaware limited partnership (NYSE: GHI). ISSUANCE LIMIT • Series A-1 Preferred Units may be issued so long as the aggregate market capitalization of the BUCs is no less than three times the ag

  17. Slide 17: Ownership Diagram

    Ownership Diagram Greystone Housing Impact Investors LP – Ownership Diagram Greystone AF Greystone AF Manager LLC Holdings LLC 99.99% OWNED .01% OWNED America First Capital Greystone ILP, inc. 100% OWNED Associates, L.P. Two (The “initial limited (“AFCA 2” or the “General Partner) partner”) 1% OWNED

  18. Slide 18: Addendum B Community Development Investments

    Addendum B Community Development Investments Q1 2016 – September 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

  19. Slide 19: Addendum B (continued)

    Addendum B (continued) Community Development Investments Q1 2016 – September 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 Du

  20. Slide 20: Addendum B (continued)

    Addendum B (continued) Community Development Investments Q1 2016 – September 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 G

  21. 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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