Greystone Housing Impact Investors LP Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Greystone Housing Impact Investors LP filed its Q1 2024 10-Q, detailing various real estate and investment holdings.</b>

AI Summary

Greystone Housing Impact Investors LP (GHI) filed a Quarterly Report (10-Q) with the SEC on May 8, 2024. Greystone Housing Impact Investors LP filed a 10-Q report for the period ending March 31, 2024. The filing details investments in various entities including Barclays Capital Inc. Member, Variable Notes Member, and TOB Trusts Securitization Member. Specific properties mentioned include Seasons San Juan Capistrano, Avistar Portfolio, and Vantage at San Marcos. The company's business address is located at 14301 FNB Parkway, Suite 211, Omaha, NE 68154. The filing references FASB standards for Interest Income Expense Net and Other Comprehensive Income.

Why It Matters

For investors and stakeholders tracking Greystone Housing Impact Investors LP, this filing contains several important signals. The 10-Q filing provides a quarterly update on the company's financial position and investment activities, crucial for investors to assess performance and strategy. Disclosure of specific investments and properties offers insight into the company's focus on housing impact and its market exposure.

Risk Assessment

Risk Level: low — Greystone Housing Impact Investors LP shows low risk based on this filing. The filing is a standard 10-Q, providing routine financial disclosures without immediate indicators of significant new risks.

Analyst Insight

Review the detailed investment breakdowns and property mentions within the 10-Q to understand Greystone Housing Impact Investors LP's current portfolio strategy and potential future performance.

Key Numbers

• 2024-03-31 — Reporting Period End Date (Conformed period of report)
• 2024-05-08 — Filing Date (Filed as of date)
• 2024-01-01 — Quarter Start Date (Period for Q1 2024)
• 2023-12-31 — Previous Year End Date (Reference date for prior period)

Key Players & Entities

• Greystone Housing Impact Investors LP (company) — Filer of the 10-Q report
• Barclays Capital Inc. Member (company) — Mentioned entity in the filing
• Variable Notes Member (company) — Mentioned entity in the filing
• TOB Trusts Securitization Member (company) — Mentioned entity in the filing
• Seasons San Juan Capistrano (company) — Specific property mentioned
• Avistar Portfolio (company) — Specific property mentioned
• Vantage at San Marcos (company) — Specific property mentioned
• Mizuho Capital Markets LLC (company) — Mentioned entity in the filing

FAQ

Risk Factors

• Investment Risks [medium — financial]: The company's investments in various financial instruments and real estate projects are subject to market fluctuations and credit risks.
• Real Estate Market Conditions [medium — market]: Deterioration in real estate market conditions could adversely affect the value of the company's properties and investments.
• Regulatory Changes [low — regulatory]: Changes in housing, tax, or financial regulations could impact the company's operations and profitability.

Key Dates

• 2024-03-31: Quarter End Date — Marks the end of the reporting period for the 10-Q filing.
• 2024-05-08: Filing Date — Date the 10-Q was officially submitted to the SEC.

Glossary

10-Q

A quarterly report required by the U.S. Securities and Exchange Commission (SEC). (Provides a comprehensive overview of a company's financial performance during the preceding quarter.)

Filing Documents

• ghi-20240331.htm (10-Q) — 8148KB
• ghi-ex31_1.htm (EX-31.1) — 12KB
• ghi-ex31_2.htm (EX-31.2) — 12KB
• ghi-ex32_1.htm (EX-32.1) — 5KB
• ghi-ex32_2.htm (EX-32.2) — 5KB
• 0000950170-24-055101.txt (&nbsp;) — 36780KB
• ghi-20240331.xsd (EX-101.SCH) — 3897KB
• ghi-20240331_htm.xml (XML) — 10258KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION Item 1

Financial Statements (Unaudited)

Financial Statements (Unaudited) 5 Condensed Consolidated Balance Sheets 5 Condensed Consolidated Statements of Operations 6 Condensed Consolidated Statements of Comprehensive Income (Loss) 7 Condensed Consolidated Statements of Partners' Capital 8 Condensed Consolidated Statements of Cash Flows 9 Notes to Condensed Consolidated Financial Statements 10 Item 2

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 50 Item 3

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 79 Item 4

Controls and Procedures

Controls and Procedures 82

– OTHER INFORMATION

PART II – OTHER INFORMATION Item 1A

Risk Factors

Risk Factors 83 Item 6 Exhibits 83

Forward-Looking Statements

Forward-Looking Statements This Quarterly Report (including, but not limited to, the information contained in "Management's Discussion and Analysis of Financial Condition and Results of Operations") contains forward-looking statements. All statements other than statements of historical facts contained in this report, including statements regarding our future results of operations and financial position, business strategy and plans and objectives of management for future operations, are forward-looking statements. When used, statements which are not historical in nature, including those containing words such as "anticipate," "estimate," "should," "expect," "believe," "intend," and similar expressions, are intended to identify forward-looking statements. We have based forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. This report also contains estimates and other statistical data made by independent parties and by us relating to market size and growth and other industry data. This data involves several assumptions and limitations, and you are cautioned not to give undue weight to such estimates. We have not independently verified the statistical and other industry data generated by independent parties contained in this report, and accordingly, we cannot guarantee their accuracy or completeness. In addition, projections, assumptions and estimates of our future performance and the future performance of the industries in which we operate are necessarily subject to a high degree of uncertainty and risk due to a variety of factors, including those described under the heading "Risk Factors" in Item 1A of Greystone Housing Impact Investors LP's Annual Report on Form 10-K for the year ended December 31, 2023, and in this report. These forward-looking statements are subject, but not limited to various risks and uncerta

- FINANCI AL INFORMATION

PART I - FINANCI AL INFORMATION

Financi al Statements

Item 1. Financi al Statements. GREYSTONE HOUSING IMPACT INVESTORS LP CONDENSED CONSOLIDA TED BALANCE SHEETS (UNAUDITED) March 31, 2024 December 31, 2023 Assets: Cash and cash equivalents $ 56,255,270 $ 37,918,237 Restricted cash 14,672,102 9,815,909 Interest receivable, net 7,846,857 8,265,901 Mortgage revenue bonds held in trust, at fair value (Note 4) 922,468,164 883,030,786 Mortgage revenue bonds, at fair value (Note 4) 20,277,433 47,644,509 Governmental issuer loans Governmental issuer loans held in trust (Note 5) 205,557,300 222,947,300 Allowance for credit losses (Note 10) ( 1,166,000 ) ( 1,294,000 ) Governmental issuer loans, net 204,391,300 221,653,300 Property loans Property loans (Note 6) 53,306,414 122,556,204 Allowance for credit losses (Note 10) ( 1,628,000 ) ( 2,048,000 ) Property loans, net 51,678,414 120,508,204 Investments in unconsolidated entities (Note 7) 145,130,907 136,653,246 Real estate assets, net (Note 8) 4,716,140 4,716,140 Other assets (Note 9) 25,982,910 43,194,470 Total Assets $ 1,453,419,497 $ 1,513,400,702 Liabilities: Accounts payable, accrued expenses and other liabilities (Note 11) $ 20,862,915 $ 22,958,088 Distribution payable 8,672,287 8,584,292 Secured lines of credit (Note 12) 16,500,000 33,400,000 Debt financing, net (Note 13) 978,475,088 1,015,030,066 Mortgages payable, net (Note 14) 1,690,000 1,690,000 Total Liabilities 1,026,200,290 1,081,662,446 Commitments and Contingencies (Note 16) Redeemable Preferred Units, $ 87.5 million redemption value, 8.8 million issued and outstanding, net (Note 17) 87,389,526 82,431,548 Partners Capital: General Partner (Note 1) 438,671 543,977 Beneficial Unit Certificates ("BUCs," Note 1) 339,391,010 348,762,731 Total Partners Capital 339,829,681 349,306,708 Total Liabilities and Partners Capital $

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View this 10-Q filing on SEC EDGAR