- America First Multifamily Investors ( NASDAQ: ATAX ) said a multifamily property located in San Antonio, TX, was sold, and the company received a net cash of ~$19.4M at the closing.
- The property, Vantage at Westover Hills, was sold at the direction of the managing member of Vantage at O'Connor LLC.
- ATAX's investment in the property originated in October 2019, and the financial institution contributed equity totaling $7.4M during construction.
- America First Multifamily Investors' equity investment in Vantage at O'Connor was redeemed with the sale.
- ATAX shares were trading +1.22% post-market.
- Source: Press Release
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America First Multifamily Investors says San Antonio property sold, ~$19.4M cash received