January 22, 2017 7:50 AM ET

Thrifts and Mortgage Finance

Company Overview of America First Multifamily Investors, L.P.

Company Overview

America First Multifamily Investors, L.P. acquires, holds, sells, and deals in a portfolio of mortgage revenue bonds that have been issued to provide construction or permanent financing for multifamily and student housing, and commercial properties. It operates through four segments: Mortgage Revenue Bond Investments, MF Properties, Public Housing Capital Fund Trusts, and Mortgage-Backed Securities Investments. As of December 31, 2015, the company owned 64 mortgage revenue bonds issued through various state and local housing authorities in order to provide construction or permanent financing for 44 residential properties comprising a total of 8,041 rental units located in the states of Calif...

1004 Farnam Street

Suite 400

Omaha, NE 68102

United States

Founded in 1998

Phone:

402-444-1630

Fax:

402-930-3047

Key Executives for America First Multifamily Investors, L.P.

America First Multifamily Investors, L.P. does not have any Key Executives recorded.

America First Multifamily Investors, L.P. Key Developments

America First Multifamily Investors Announces Quarterly Distribution Payable on January 30, 2017

America First Multifamily Investors, L.P. announced their regular quarterly distribution to beneficial unit certificate holders of $0.125 per unit. The distribution will be paid on January 30, 2017 to all Partnership unitholders of record as of the close of trading on December 31, 2016.

America First Multifamily Investors, L.P. Extends Maturity of Unsecured Line of Credit Commitment with Bankers Trust Company

On November 14, 2016, America First Multifamily Investors, L.P. entered into a third amendment to credit agreement with Bankers Trust Company which modifies certain provisions of the credit agreement executed between the partnership and bankers trust on May 14, 2015, as amended by the first amendment to credit agreement dated January 7, 2016 and the second amendment to credit agreement dated February 10, 2016.  These modifications revised the definition of “market value of assets” and extended the maturity date of the partnership’s $50 million unsecured line of credit to May 14, 2018.

America First Multifamily Investors, L.P. Reports Earnings Results for Third Quarter and Nine Months Ended September 30, 2016

America First Multifamily Investors, L.P. reported earnings results for third quarter and nine months ended September 30, 2016. For the quarter, the company’s total revenue was increased 2.3% to $13.2 million compared to $12.9 million in the third quarter 2015. Net income, basic and diluted, increased 75% to $0.07 compared to $0.04 per unit in the third quarter 2015. Partnership net income was $4,623,542 against $2,540,649 a year ago. For the nine months, the company’s total revenue increased 10.2% to $43.1 million compared to $39.1 million for same period a year ago. Net income, basic and diluted, increased 25% to $0.25 per unit compared to $0.20 per unit for same period a year ago. Partnership net income was $18,161,172 against $13,286,399 a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
December 14, 2016
--
Merger/Acquisition
August 5, 2016
Woodland Park
Merger/Acquisition
July 13, 2016
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