Robert K. Jacobsen to Join Greystone AF Manager LLC Board of Managers
27 Luglio 2023 - 2:30PM
Greystone Housing Impact Investors LP (NYSE: GHI) (the
“Partnership”) today announced that Robert K. Jacobsen has been
appointed to the Board of Managers of Greystone AF Manager LLC, the
general partner of the general partner of the Partnership
(“Greystone Manager”), effective August 1, 2023. In this regard,
Mr. Jacobsen will act in the capacity as a director of the
Partnership. The Greystone Manager Board has affirmatively
determined that Mr. Jacobsen meets the independence standards
established by the New York Stock Exchange listing rules and the
rules of the SEC. With Mr. Jacobsen’s addition to the Board of
Managers of Greystone Manager, a majority of the members of the
Board now meet the independence standards.
“I’m thrilled to welcome Mr. Jacobsen as a new
independent member of the Board of Managers,” said Ken Rogozinski,
CEO of the Partnership. “Mr. Jacobsen’s extensive background and
expertise in the municipal bond, securitization, and derivatives
markets will be invaluable to the Partnership as we continue to
pursue strategies to fund the development of affordable, seniors,
and market-rate multifamily housing and manage our existing strong
portfolio of assets for our investors.”
Mr. Jacobsen has over 40 years of professional
experience including serving as a Managing Director at Merrill
Lynch, Goldman Sachs, and Fundamental Advisors. In that time, he
has accumulated expertise in the underwriting, trading, and sale of
municipal bonds with a particular focus on real estate secured
transactions, both as a principal and as an agent. He is also
experienced in the hedging and financing of municipal bonds in both
the securitization and derivatives markets. Mr. Jacobsen graduated
with a B.A. and an M.A. from Columbia University and an M.B.A. from
the University of Michigan.
About Greystone Housing Impact Investors
LP
Greystone Housing Impact Investors LP was formed
in 1998 under the Delaware Revised Uniform Limited Partnership Act
for the primary purpose of acquiring, holding, selling and
otherwise dealing with a portfolio of mortgage revenue bonds which
have been issued to provide construction and/or permanent financing
for affordable multifamily, seniors and student housing properties.
The Partnership is pursuing a business strategy of acquiring
additional mortgage revenue bonds and other investments on a
leveraged basis. The Partnership expects and believes the interest
earned on these mortgage revenue bonds is excludable from gross
income for federal income tax purposes. The Partnership seeks to
achieve its investment growth strategy by investing in additional
mortgage revenue bonds and other investments as permitted by its
Second Amended and Restated Limited Partnership Agreement, dated
December 5, 2022, taking advantage of attractive financing
structures available in the securities market, and entering into
interest rate risk management instruments. Greystone Housing Impact
Investors LP press releases are available at
www.ghiinvestors.com.
Safe Harbor Statement
Information contained in this press release
contains “forward-looking statements,” which are based on current
expectations, forecasts and assumptions that involve risks and
uncertainties that could cause actual outcomes and results to
differ materially. These risks and uncertainties include, but are
not limited to, risks that the intended board member change will
not occur as currently expected, risks involving current maturities
of our financing arrangements and our ability to renew or refinance
such maturities, fluctuations in short-term interest rates,
collateral valuations, mortgage revenue bond investment valuations
and overall economic and credit market conditions. For a further
list and description of such risks, see the reports and other
filings made by the Partnership with the Securities and Exchange
Commission, including but not limited to, its Annual Report on Form
10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form
8-K. Readers are urged to consider these factors carefully in
evaluating the forward-looking statements. The Partnership
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
INVESTOR CONTACT: |
|
Andy
Grier |
|
Senior Vice President |
|
402-952-1235 |
|
|
MEDIA CONTACT: |
|
Karen Marotta |
|
Greystone |
|
212-896-9149 |
|
Karen.Marotta@greyco.com |
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