Greystone Housing Impact Investors LP Announces $40.7M Sale of Suites on Paseo

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Greystone Housing Impact ($NYSE:GHI) Investors LP, a leading provider of housing investing services, has announced the sale of Suites on Paseo for $40.7M. The Suites on Paseo is a high-end residential property located in the vibrant downtown area of San Diego, California. Greystone Housing Impact Investors LP is a publicly traded company that specializes in providing customized solutions for housing investments. The company focuses on providing financing solutions to buy, refinance, develop and manage real estate. They have an extensive portfolio of properties ranging from multi-family residential, workforce and senior housing to mixed-use developments.

With offices all across the US, Greystone Housing Impact Investors LP is committed to providing innovative financial solutions to meet the needs of the housing industry. The sale of Suites on Paseo is representative of Greystone’s continued dedication to creating impactful real estate investments that meet the needs of their clients. The property also offers solar panel installation and electric vehicle charging stations, making it a great choice for buyers who are looking for more sustainable and eco-friendly housing options. With this sale, Greystone Housing Impact Investors LP continues to prove its commitment to providing powerful and innovative financial solutions to meet the needs of today’s housing market.

Price History

This news caused the stock to open at $16.3 and close at $16.5, up 0.1% from the previous closing price of 16.5. The company has made multiple moves to increase their portfolio and provide affordable housing to low-income families, and this sale is another example of their commitment to making a positive impact in the growing housing market. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

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Analysis

According to our Star Chart, GREYSTONE HOUSING IMPACT INVESTORS LP has a low health score of 1/10 considering its cashflows and debt and is less likely to safely ride out any crisis without the risk of bankruptcy. Growth is rated as medium for this company. We have classified GREYSTONE HOUSING IMPACT INVESTORS LP as a ‘rhino’, which we conclude is a company that has achieved moderate revenue or earnings growth. Investors who are interested in this type of company may be drawn to its potential for moderate growth. At the same time, there is a risk that the company may not be able to sustain its performance and the investment may not result in the desired outcome. Investors should do their own due diligence and assess the situation before deciding on whether to invest or not. More…

Peers

Greystone Housing Impact Investors LP is an important player in the competitive real estate market. This investment firm faces strong competition from a number of other companies, such as MCAN Financial Group, Builders Capital Mortgage Corp, and Luxor A/S. Greystone strives to provide the best services and products for their customers, and must continually innovate to stay ahead of the competition.

– MCAN Financial Group ($TSX:MKP)

MCAN Financial Group is a Canadian mortgage lender that provides residential mortgages to customers across Canada. As of 2023, the company had a market cap of 523.22M. MCAN Financial Group has an extensive network of brokers and lenders that provide competitive mortgages to its customers. In addition to mortgages, the company also offers other financial services such as insurance and investments. The company has grown significantly over the years, largely due to its innovative mortgage products and exceptional customer service. With its strong market position, MCAN Financial Group is well-positioned to continue providing great value to its customers for many years to come.

– Builders Capital Mortgage Corp ($TSXV:BCF)

Builders Capital Mortgage Corp is a publicly traded mortgage real estate investment trust (REIT) headquartered in Vancouver, British Columbia. As of 2023, the company has a market capitalization of 28.66 million. Builders Capital Mortgage Corp is focused on providing residential mortgage loans for single family homes and small multi-family properties. The company originates, acquires, and services residential mortgage loans secured by first lien mortgages on residential real estate located in Canada’s largest metropolitan markets. They also provide financing solutions, including mortgage banking services, loan origination and servicing, and asset management services to help their customers achieve their homeownership goals.

– Luxor A/S ($LTS:0F5M)

Luxor A/S is a Danish engineering and electronics company that produces a range of products from lighting and audio equipment to computer components. With a market cap of 614.63 million, Luxor A/S is one of the leading players in its industry. The company’s market capitalization reflects its financial strength and represents the total value of all its outstanding shares. It also is an indication of how successful the company has been and will be in the future. Luxor A/S has demonstrated its commitment to providing quality products and services to its customers, which has helped it to become one of the top players in the electronics industry.

Summary

Greystone Housing Impact Investors LP has announced the sale of their Suites on Paseo apartment complex for $40.7M. This highlights Greystone’s ability to identify attractive investment opportunities and use their expertise to maximise returns. The property was refurbished and upgraded under Greystone’s ownership, and was marketed to potential buyers as an ideal place for residents seeking a high quality lifestyle in close proximity to the University of Miami campus.