Greystone Housing Impact Investors Lp Beneficial · NYSE:GHI
Greystone Housing Impact Investors Lp Beneficial — Greystone Housing Impact Investors — IPO Roadshow (August 2024)
19 slides from Greystone Housing Impact Investors Lp Beneficial's IPO roadshow presentation, Aug 27, 2024
Slide 1: CRA Beneficial Unit Certificates Offering
© 2024 Greystone & Co. II LLC. Confidential. All rights reserved. CRA Beneficial Unit Certificates Offering NYSE Symbol: GHI ISSUER FREE WRITING PROSPECTUS DATED August 27, 2024 FILED PURSUANT TO RULE 433 REGISTRATION NO. 333-268538
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 Partnership Details
Greystone Housing Impact Investors LP Partnership Details as of June 30, 2024 Symbol (NYSE) GHI Most recent quarterly distribution1 $0.37 BUC price (common) $14.81 Units outstanding 23,085,261 Market capitalization $341.9 million 52-week range of BUC price $14.49 - $17.55 Total assets $1.53 billion
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. $1.53 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”) repres
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 re
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. As
Slide 8: Illustrative Issuance
Illustrative Issuance © 2024 Greystone & Co. II LLC. Confidential. All rights reserved. Close as of June 30, 2024 Whole number of BUCs issued BUC Price Previous Close less Net Purchase Price multiplied by Number of BUCs Issued 30-Day Average volume as of June 30, 2024 Investor requests an investment
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 statement o
Slide 10: Community Development Investments
Community Development Investments The Partnership has over $1.0 billion in Community Development Investments (“CDI”) available for allocation as of June 30, 2024 The majority of the Partnership invested assets are eligible CDIs under the Community Reinvestment Act (“CRA”) CRA Majority of Invested As
Slide 11: Allocable Community Development Investments
Allocable Community Development Investments States with Allocable Community Development Investments As of June 30, 2024, the Partnership has over $1.0 billion of Community Development Investments available for allocation. © 2024 Greystone & Co. II LLC. Confidential. All rights reserved. State CRA Av
Slide 12: Appendix
APPENDIX © 2024 Greystone & Co. II LLC. Confidential. All rights reserved.
Slide 13: Summary of Key Terms
Summary of Key Terms © 2024 Greystone & Co. II LLC. Confidential. All rights reserved. ISSUER Greystone Housing Impact Investors LP (NYSE: GHI), a Delaware limited partnership. SECURITIES OFFERED Up to $25,000,000 of Beneficial Unit Certificates representing assignments of limited partnership intere
Slide 14: Summary of Key Terms
Summary of Key Terms © 2024 Greystone & Co. II LLC. Confidential. All rights reserved. INVESTED ASSETS GHI expects that the majority of the assets held by GHI, as determined by its General Partner, will be considered eligible for regulatory credit under the CRA. RIGHTS OF CRA BUC HOLDERS The holders
Slide 15: GHI BUC 2-Year Historical Performance
GHI BUC 2-Year Historical Performance1 © 2024 Greystone & Co. II LLC. Confidential. All rights reserved. Source data Yahoo Finance
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 June 30, 2024, and represents the change over the next 12 months assuming an immedi
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 management, c
Slide 18: 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 19: 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
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