NEW YORK, Oct. 03, 2022 (GLOBE NEWSWIRE) — Greystone affiliate, America First Multifamily Investors, L.P. (NASDAQ: ATAX) (“ATAX”), at this time introduced that Brett Southworth has joined the agency as a Managing Director. Bringing roughly 20 years of expertise in tax-exempt bond financing, Mr. Southworth will give attention to structuring transactions for purchasers within the seniors housing and healthcare sectors using municipal bond financing and Greystone’s broad suite of debt options.
Mr. Southworth joins ATAX from Wells Fargo, the place he served as Managing Director, Public Finance, Healthcare and Senior Living for 3 years working with purchasers on capital markets options. Prior to becoming a member of Wells Fargo, Mr. Southworth spent nearly 20 years at Bank of America, most just lately as a Director in Public Finance Healthcare and Senior Living. During his profession he has executed debt financing for U.S. healthcare and senior dwelling debtors, together with rated and non-rated transactions, with an combination par quantity in extra of $15 billion. His expertise consists of the origination and execution of each tax-exempt and taxable bond financings, financial institution placements, bridge loans, subordinated debt, issuer repurchases, derivatives and different financing merchandise.
Mr. Southworth earned a Bachelor’s diploma from the University of North Carolina, Chapel Hill, and an MBA from Columbia Business School in New York City.
“Brett’s extensive bond financing expertise and deep relationships across the seniors housing and healthcare sectors will be an asset to the ATAX platform as we continue to expand our investments into financing for new and substantially rehabbed seniors housing and skilled nursing facilities,” mentioned Ken Rogozinski, CEO of ATAX. “It’s exciting for us to expand our lending product offerings from multifamily to the seniors and healthcare space, and we are thrilled to have Brett helping to lead the way.”
About America First Multifamily Investors, L.P. (ATAX)
America First Multifamily Investors, L.P. was shaped on April 2, 1998 beneath the Delaware Revised Uniform Limited Partnership Act for the first objective of buying, holding, promoting and in any other case coping with a portfolio of mortgage income bonds which have been issued to supply building and/or everlasting financing for reasonably priced multifamily, scholar housing and industrial properties. ATAX is pursuing a business technique of buying extra mortgage income bonds and different investments on a leveraged foundation. ATAX expects and believes the curiosity earned on these mortgage income bonds is excludable from gross earnings for federal earnings tax functions. ATAX seeks to attain its funding progress technique by investing in extra mortgage income bonds and different investments as permitted by its Amended and Restated Limited Partnership Agreement, dated September 15, 2015, benefiting from enticing financing buildings out there within the securities market, and coming into into rate of interest danger administration devices. America First Multifamily Investors, L.P. press releases can be found at www.ataxfund.com.
About Greystone
Greystone is a number one nationwide industrial actual property finance firm with a longtime status as a frontrunner in multifamily and healthcare finance, having ranked as a prime FHA, Fannie Mae, and Freddie Mac lender in these sectors. Loans are provided by way of Greystone Servicing Company LLC, Greystone Funding Company LLC and/or different Greystone associates. For extra data, go to www.greystone.com.
Safe Harbor Statement
Information contained on this press launch incorporates “forward-looking statements,” that are based mostly on present expectations, forecasts and assumptions that contain dangers and uncertainties that would trigger precise outcomes and outcomes to vary materially. These dangers and uncertainties embody, however are usually not restricted to, dangers involving present maturities of our financing preparations and our potential to resume or refinance such maturities, fluctuations in short-term rates of interest, collateral valuations, mortgage income bond funding valuations and general financial and credit score market circumstances. For an additional checklist and outline of such dangers, see the experiences and different filings made by ATAX with the Securities and Exchange Commission, together with its Annual Report on Form 10-Ok for the yr ended December 31, 2021 and its Quarterly Report on Form 10-Q for the interval ended June 30, 2022. ATAX disclaims any intention or obligation to replace or revise any forward-looking statements, whether or not because of new data, future occasions or in any other case.
PRESS CONTACT:
Karen Marotta
Greystone
212-896-9149
[email protected]