America First Multifamily Investors, L.P. Announces Sale of Vantage at Powdersville
OMAHA, Neb., June 03, 2021 (GLOBE NEWSWIRE) -- America First Multifamily Investors, L.P. (NASDAQ: ATAX ) (the Partnership) announced today that on May 27, 2021, Vantage at Powdersville, a 288-unit market rate multifamily property located in Powdersville, SC, was sold at the direction of the managing member of Vantage at Powdersville, LLC (the Property Owner). The Partnerships investment in the property was originated in November 2017 and the Partnership previously contributed equity totaling approximately $10.7 million. As a result of the sale, the Partnerships equity investment in the Property Owner was redeemed. At closing of the sale, the Partnership received net cash of approximately $19.4 million and will:
America First Multifamily Investors, L.P. Announces Sale of Vantage at Powdersville
OMAHA, Neb., June 03, 2021 (GLOBE NEWSWIRE) -- America First Multifamily Investors, L.P. (NASDAQ: ATAX ) (the Partnership) announced today that on May 27, 2021, Vantage at Powdersville, a 288-unit market rate multifamily property located in Powdersville, SC, was sold at the direction of the managing member of Vantage at Powdersville, LLC (the Property Owner). The Partnerships investment in the property was originated in November 2017 and the Partnership previously contributed equity totaling approximately $10.7 million. As a result of the sale, the Partnerships equity investment in the Property Owner was redeemed. At closing of the sale, the Partnership received net cash of approximately $19.4 million and will: