America First Multifamily Investors, L.P. (NASDAQ: ATAX) (the “Partnership”) announced today that on December 18, 2019, Vantage at Boerne, a 288-unit multifamily investment located in Boerne, TX, was sold by its managing member and the Partnership’s equity investment was redeemed. At the closing of the sale, the Partnership received cash of approximately $15.2 million and will:
- Recognize investment income of approximately $1.2 million,
- Recognize a gain on sale of approximately $5.7 million (before final settlements of proceeds and expenses),
- Realize approximately $0.11 of net income per Beneficial Unit Certificate (“BUC”), basic and diluted, from the sale in Q4 2019, and
- Realize Cash Available for Distribution of approximately $0.11 per BUC, basic and diluted, from the sale in Q4 2019.