2023-06-28 16:42:58 ET
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Greystone Housing Impact Investors LP ( NYSE: GHI ) said Wednesday that it sold Vantage at Conroe, a 288-unit market-rate multifamily property located in Conroe, Texas, for about $19.8 million.
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The partnership's investment in the property originated in April 2019, and it contributed $9 million during construction.
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The partnership expects to record a gain of about $7.3 million before settlement of final proceeds and expenses and investment income of about $2.1 million in the second quarter of 2023.
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Greystone Housing Impact Investors LP sells Vantage at Conroe for $19.8M