Greystone Housing Impact Investors LP
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
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Item 2. Properties
The Partnership conducts its business operations from and maintains its corporate office at 14301 FNB Parkway, Suite 211, Omaha, Nebraska 68154. The Partnership believes that this office is adequate to meet its business needs for the foreseeable future.
Each of our MRB and GIL investments are collateralized by multifamily, senior housing or commercial properties. We also have property loans that are also secured by these properties but do not hold title or any other interest in the properties. Our JV Equity Investments represent membership interests in market-rate multifamily and seniors housing properties, but we do not hold title to such properties.
We recorded one JV Equity Investment as a consolidated VIE and it is reported within the Market-Rate Joint Venture Investments segment as of December 31, 2023. We own certain land held for development that is reported within the Affordable Multifamily MRB Investments segment as of December 31, 2023. Our real estate assets are summarized as follows:
| Real Estate Assets as of December 31, 2023 | ||||||
|---|---|---|---|---|---|---|
| Property Name · Location · Number ofUnits · Land and LandImprovements · Buildings andImprovements · Carrying Value | ||||||
| Vantage at San Marcos | San Marcos, TX | (1) | 2,660,615 | 946,043 | 3,606,658 | |
| Land held for development | (2) | 1,109,482 | - | 1,109,482 | ||
| $4,716,140 | ||||||
| Less accumulated depreciation | - | |||||
| Real estate assets, net | $4,716,140 | |||||
(1)
The assets are owned by a consolidated VIE for the development of a market-rate multifamily property. See Note 5 of the consolidated financial statements in Item 8 for further information.
(2)
Land held for development consists of land and development costs for parcels of land in Richland County, SC.
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