Greystone Housing Impact Investors Lp Beneficial · NYSE:GHI
Greystone Housing Impact Investors Lp Beneficial — Greystone Housing Impact Investors — IPO Roadshow (December 2022)
21 slides from Greystone Housing Impact Investors Lp Beneficial's IPO roadshow presentation, Dec 21, 2022
Slide 1: Preferred Series A-1 and Series B Unit Offerings
© 2022 Greystone & Co. II LLC. Confidential. All rights reserved. ISSUER FREE WRITING PROSPECTUS DATED December 21, 2022 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: Forward-Looking Statements
Important Information Forward-Looking Statements This presentation incorporates information from two prospectuses each dated April 15, 2022, filed by Greystone Housing Impact Investors LP (formerly America First Multifamily Investors, L.P.; the "Partnership") with the Securities and Exchange Commiss
Slide 3: Important Notices: Free Writing Prospectus Statement
Important Notices Free Writing Prospectus Statement Greystone Housing Impact Investors LP (“we,” “us,” “our,” or the “Partnership”) has filed two registration statements on Form S-3 and a post-effective amendment no.1 to each Form S-3 (collectively, the “Registration Statements”) with the Securities
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 September 30, 2022 Symbol (NYSE) GHI Most recent quarterly distribution* $0.57 BUC price (common) $17.28 Units outstanding 22,017,915 Market capitalization $380.5 million 52-week range of BUC price $16.53 - $20.85 Total assets $1.45 bil
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. $1.45 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 September
Slide 8: Allocable Community Development Investments
Allocable Community Development Investments States with Allocable Community Development Investments As of September 30, 2022 the Partnership has over $964 million of Community Development Investments available for allocation to Preferred Unit holders. STATE CDI Available for Allocation CA 173,938,54
Slide 9: 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. The Partnership’s Net Income and CAD over the la
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 The Partnership has over $964 million in Community Development Investments (“CDI”) available for allocation as of September 30, 2022 The majority of the Partnership invested assets are eligible CDIs under the Community Reinvestment Act (“CRA”) CRA Majority of Invest
Slide 12: Appendix
APPENDIX Greystone Housing Impact Investors LP. | 12
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
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 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: Addendum A: Ownership Diagram
Addendum A Greystone Housing Impact Investors LP – Ownership Diagram 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 Holders. G
Slide 18: Addendum B: Community Development Investments
Addendum B Community Development Investments Q1 2016 – Q3 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 19: Addendum B (continued): Community Development Investments
Addendum B (continued) Community Development Investments Q1 2016 – Q3 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 20: Addendum B (continued): Community Development Investments
Addendum B (continued) Community Development Investments Q1 2016 – Q3 2022 Community Development Investment Project Location Deal Type County State Units Poppy Grove I Elk Grove, CA New Construction Sacramento CA 147 Poppy Grove II Elk Grove, CA New Construction Sacramento CA 82 Poppy Grove III Elk
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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