Greystone Housing Impact Investors LP reported a GAAP net loss of $1.5 million for the second quarter of 2026, driven primarily by a $3.2 million proportionate share of losses from non-Vantage joint venture equity investments. The partnership is actively executing a strategic portfolio repositioning, exiting market-rate JV equity investments to reinvest in tax-exempt mortgage revenue bonds, though no JV equity sales have been reported since the second quarter of 2025. GHI maintains a strong liquidity position with $30.9 million in unrestricted cash and $34.2 million available on secured lines of credit, and its debt investment portfolio performed steadily with all mortgage revenue bonds and governmental issuer loans current on payments. The partnership originated and transferred $95.9 million in new investment commitments to its construction lending joint venture with BlackRock, which now holds four assets with a gross principal commitment of roughly $120 million. Physical occupancy for the stabilized mortgage revenue bond portfolio was 85.8%, and the partnership's unit price trades at a 49% discount to net book value per unit.
Greystone Housing Impact Investors LPReports Q2 2026 net loss driven by JV equity losses, though repositioning and liquidity are noted.
BlackRock Inc