Greystone Housing Impact Investors sells Vantage at Tomball for $14.2 million
Greystone Housing Impact Investors LP announced the sale of Vantage at Tomball, a 288-unit property in Texas, on January 31, 2025. The sale resulted in approximately $14.2 million in net cash for the Partnership, redeeming its $11.4 million equity investment. The Partnership's return on this investment was lower than previous projects due to rising insurance costs and higher interest rates. Despite this, the CEO stated the sale proceeds will be used for new investments. Greystone Housing Impact Investors LP focuses on acquiring mortgage revenue bonds and other investments. The Partnership aims to grow its portfolio while managing interest rate risks.