Burlington Capital LLC and Subsidiary Complete Sale of AFCA 2 Partnership Interests to Greystone
September 11 2019 - 8:00AM
Burlington Capital, LLC (“Burlington Capital”) and Greystone &
Co., Inc. (together with its affiliates, “Greystone”), today
jointly announced they have successfully completed the previously
announced sale by Burlington Capital and one of its subsidiaries
interests in America First Capital Associates Limited Partnership
Two (“AFCA 2”) to Greystone. AFCA 2 is the general partner of
America First Multifamily Investors, L.P. (Nasdaq: ATAX), a
publicly traded limited partnership.
“We are excited to announce the completion of this important
milestone for our company,” said Lisa Y. Roskens, Chairman and CEO
of Burlington Capital. “It is rare when you can find a company like
Greystone that values your people, your business and your investors
in the same way.”
“We are thrilled to welcome the ATAX management team to the
Greystone family, and are confident that our synergies and combined
areas of expertise will benefit ATAX clients and investors alike,”
said Steve Rosenberg, founder and CEO, Greystone.
“With the completion of this transaction, Burlington Capital
will continue to develop new and unique opportunities that join
together private, institutional and public fund partners,” said
Roskens.
About Burlington Capital
Founded in 1984 by Michael B. Yanney, Burlington Capital
(www.burlingtoncapital.com) is an Omaha-based investment firm
successfully managed by an entrepreneurial team led by Chairman and
CEO Lisa Yanney Roskens. Burlington Capital creates and pursues
innovative business ventures through its experience, knowledge and
relationships in the areas of multifamily real estate,
international agribusiness and financial services. Built on a
Tradition of Trust, the company’s vision is to
seek opportunities with an entrepreneurial spirit.
About Greystone
Greystone is a real estate lending, investment, and advisory
company with an established reputation as a leader in multifamily
and healthcare finance, having ranked as a top FHA, Fannie Mae, and
Freddie Mac lender in these sectors. Greystone’s range of services
includes commercial lending across a variety of platforms such as
Fannie Mae, Freddie Mac, CMBS, FHA, USDA, bridge and proprietary
loan products. Loans are offered through Greystone Servicing
Company LLC, Greystone Funding Company LLC and/or other Greystone
affiliates.
About America First Multifamily Investors,
L.P.
America First Multifamily Investors, L.P. (the “Partnership”)
was formed on April 2, 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, student housing and
commercial 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.
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, statements about the expected benefits of the
transaction, objectives and anticipated financial and operating
results of ATAX, 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, 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 ATAX with the
Securities and Exchange Commission, including its Annual Report on
Form 10-K for the year ended December 31, 2018. ATAX
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
For more information, contact
For Burlington Capital LLC: |
For
ATAX: |
|
|
Pamela Finn |
Craig Allen |
President, Business Development |
Chief Financial
Officer |
Burlington Capital, LLC |
America First
Multifamily Investors, L.P. |
402-930-3008 |
402-930-3018 |
pfinn@burlingtoncapital.com |
|
|
|
For
Greystone: |
|
Karen
Marotta |
|
Senior Director
of Communications |
|
212-896-9149 |
|
Karen.Marotta@greyco.com |
|
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