Greystone Housing Impact Investors Lp Beneficial · NYSE:GHI
Greystone Housing Impact Investors Lp Beneficial — Greystone Housing Impact Investors — IPO Roadshow (December 2024)
19 slides from Greystone Housing Impact Investors Lp Beneficial's IPO roadshow presentation, Dec 19, 2024
Slide 1: CRA Beneficial Unit Certificates Offering
ISSUER FREE WRITING PROSPECTUS DATED DECEMBER 19, 2024 FILED PURSUANT TO RULE 433 REGISTRATION NO. 333-268538 CRA Beneficial Unit Certificates Offering NYSE Symbol: GHI © 2024 Greystone & Co. II LLC. Confidential. All rights reserved. Greystone Housing Impact Investors LP
Slide 2: Important Information
Important Information Forward-Looking Statements This presentation incorporates information from a prospectus dated April 30, 2024, filed by Greystone Housing Impact Investors LP (the Partnership ) with the Securities and Exchange Commission for the offering to which this communication relates (the
Slide 3: 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
Slide 4: 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
Slide 5: BUC Investment Thesis
BUC Investment Thesis Beneficial Unit Certificate (“BUC”): • GHI is a limited partnership, and as such the controlling document is the Second Amended and Restated Agreement of Limited Partnership dated December 5, 2022 (the “LPA”) • The Partnership has issued Beneficial Unit Certificates (“BUCs”) re
Slide 6: CRA Investment Thesis
CRA Investment Thesis Community Reinvestment Act Beneficial Unit Certificate (“CRA BUC”): • To provide US depository institutions with an investment opportunity likely to receive positive CRA consideration from regulators, enjoying significant portfolio diversification, and competitive market level
Slide 7: Competitive Market Rate Returns
Competitive Market Rate Returns Pre-tax, tax-exempt equivalent yield: • A principal objective of the Partnership is to make quarterly distributions to the BUC holders. • The General Partner expects that allocable income will comprise of 20% to 40% tax-exempt income, with the remainder taxable income
Slide 8: Illustrative Issuance
Illustrative Issuance • Investor requests an investment in CRA BUCs up to $10,000,000 • CRA BUCs sold at a 2% discount to the closing price of the BUCs on previous trading day as quoted on the NYSE • A whole number of CRA BUCs are issued at the discounted price and Capital Invested is calculated • I
Slide 9: CRA Allocation & Exit Methodology
CRA Allocation & Exit Methodology Issuance • At close, Investor will receive newly issued CRA BUCs which will be matched with CRA allocation requests. CRA Allocation • CRA allocation requests are captured in the subscription agreement. The investor will receive a letter of CRA allocation and stateme
Slide 10: 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
Slide 11: 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
Slide 12: Appendix
APPENDIX © 2024 Greystone & Co. II LLC. Confidential. All rights reserved. Greystone Housing Impact Investors LP 12
Slide 13: Summary of Key Terms
Summary of Key Terms ISSUER Greystone Housing Impact Investors LP (NYSE: GHI), a Delaware limited partnership. SECURITIES Up to $25,000,000 of Beneficial Unit Certificates representing assignments of limited partnership interests in GHI, with OFFERED an accompanying allocation under the Community Re
Slide 14: Summary of Key Terms
Summary of Key Terms INVESTED GHI expects that the majority of the assets held by GHI, as determined by its General Partner, will be considered eligible ASSETS for regulatory credit under the CRA. RIGHTS OF The holders of CRA BUCs will have the same rights, preferences, and privileges as GHI’s other
Slide 15: GHI BUC 2-Year Historical Performance
1 GHI BUC 2-Year Historical Performance 1. Source data Yahoo Finance © 2024 Greystone & Co. II LLC. Confidential. All rights reserved. Greystone Housing Impact Investors LP 15
Slide 16: 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
Slide 17: 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
Slide 18: 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
Slide 19: 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
Greystone Housing Impact Investors — IPO Roadshow (December 2024) on 6ix