Greystone Housing Impact Investors LP Sells 288-Unit Vantage at Loveland in Colorado Capital Recycling Move
OMAHA, Neb. — Greystone Housing Impact Investors LP (NYSE: GHI) has completed the sale of Vantage at Loveland, a 288-unit market-rate multifamily property located at 1430 S Tyler Ave in Loveland, Colorado, the partnership announced Aug. 17, 2026. The transaction closed Aug. 13, 2026, at the direction of the property's managing member, and generated approximately $23.6 million in net cash proceeds to the partnership.
Transaction Details and Proceeds
Greystone Housing Impact Investors LP originally originated its joint venture equity investment in Vantage at Loveland in April 2021, contributing total equity of approximately $23.2 million to the project. The three-story garden-style apartment community was constructed and delivered in 2024, reaching approximately 90% physical occupancy as of September 30, 2025, before being listed for sale by the managing member.
The August 2026 sale proceeds to the partnership consisted of the return of its remaining $21.1 million in contributed equity and $2.5 million in accrued preferred return. The gross sale price and buyer identity were not disclosed in the partnership's announcement.
Prior to the closing, the partnership had already received partial distributions from the investment. In March 2025, when the managing member refinanced the original construction loan, approximately $2.1 million of the initial equity was returned to the partnership along with approximately $5.8 million in accrued preferred return. Combined with the August 2026 sale proceeds, the partnership recovered its full $23.2 million in contributed equity and received a total of approximately $8.3 million in accrued preferred return over the life of the investment.
Financial Impact on Greystone Housing Impact Investors LP
Greystone Housing Impact Investors LP estimates the sale will contribute approximately $2.5 million in investment income in the third quarter of 2026. The partnership also projects net income of approximately $0.11 per Beneficial Unit Certificate, basic and diluted, and Cash Available for Distribution of approximately $0.11 per BUC, basic and diluted, each based on the number of BUCs outstanding on the date of sale.
The partnership noted that Cash Available for Distribution is a non-GAAP financial measure and that for this transaction there are no reconciling items between net income per BUC and CAD per BUC.
Strategic Rationale: Shifting Capital Toward Core Bond Investments
"The sale of Vantage at Loveland will allow the Partnership to redeploy its original contributed capital into new accretive mortgage revenue bond and governmental issuer loan investments across our target segments consistent with our recent strategic initiatives," said Kenneth C. Rogozinski, Chief Executive Officer of the partnership. "The Partnership is pleased to have received a return of our full original equity investment as well as all accrued preferred return due to us on that equity investment from the proceeds of the property sale. We will continue to implement the strategy of reducing our capital allocation to market rate multifamily JV Equity Investments going forward while maximizing the return of capital to us."
The disposition reflects a broader capital allocation shift at Greystone Housing Impact Investors LP, which was formed in 1998 under the Delaware Revised Uniform Limited Partnership Act primarily to acquire, hold, sell, and otherwise deal with a portfolio of mortgage revenue bonds providing construction and permanent financing for affordable multifamily, seniors, and student housing properties. The partnership pursues a leveraged strategy of acquiring additional mortgage revenue bonds and other investments, and expects the interest earned on those bonds to be excludable from gross income for federal income tax purposes.
About the Property
Vantage at Loveland is a 288-unit, three-story market-rate apartment community situated at 1430 S Tyler Ave in Loveland, Colorado. The property was delivered in 2024 following construction that commenced in conjunction with the partnership's April 2021 equity investment. Unit configurations include one- and two-bedroom floor plans with typical sizes ranging from approximately 700 to 1,050 square feet.
Investor relations contact for Greystone Housing Impact Investors LP is Andy Grier, who can be reached at 402-952-1235. Media inquiries are handled through Greystone's communications team.
Sources
Greystone Housing Impact Investors LP — Press Release, Aug. 17, 2026