America First Multifamily Investors, L.P. is engaged in acquiring, holding, selling, and dealing with a portfolio of federally tax-exempt mortgage revenue bonds, which have been issued to provide construction and/or permanent financing of multifamily residential properties. The company’s general partner is America First Capital Associates Limited Partnership Two. As of December 31, 2012, the company owned 22 federally tax-exempt mortgage revenue bonds issued by various state and local housing authorities to provide construction and/or permanent financing of 20 multifamily residential apartments containing a total of 3,880 rental units located in the states of Florida, Illinois, Iowa, Kansas, Kentucky, Minnesota, North Carolina, Ohio, South Carolina, Tennessee, and Texas. Of the 22 bonds owned, 8 are owned directly by the company, 13 are owned by ATAX TEBS I, LLC, a special purpose entity owned and controlled by the company, created to facilitate a Tax Exempt Bond Securitization Financing with Freddie Mac, and 1 is securitized and held by Deutsche Bank in a Tender Option Bond facility The company may also invest in other types of tax-exempt securities that may or may not be secured by real estate. It may also make taxable mortgage loans secured by multifamily properties, which are financed by tax-exempt mortgage revenue bonds held by the company. Business Strategy The company is pursuing a business strategy of acquiring additional tax-exempt mortgage revenue bonds and other tax-exempt investments on a leveraged basis to increase the amount of tax-exempt interest available for distribution to its unitholders; reduce risk through asset diversification and interest rate hedging; and achieve economies of scale. Dispositions In 2012, the company sold the Eagle Ridge property and Commons at Churchland property. History The company was founded in 1998. It was formerly known as America First Tax Exempt Investors, L.P. and changed its name to America First Multifamily Investors, L.P. in November 2013.
amer fst tax ex investors lp
1004 Farnam Street
Omaha, NE 68102
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To contact AMER FST TAX EX INVESTORS LP, please visit www.ataxfund.com. Company data is provided by Capital IQ. Please use this form to report any data issues.