Greystone Housing Impact Investors LP Business Summary

Greystone Housing Impact Investors LP (GHI) operates as a specialized financial services partnership primarily focused on the acquisition and management of mortgage revenue bonds (MRBs) and governmental issuer loans (GILs) that provide construction and permanent financing for affordable multifamily, student, and senior housing. The company generates revenue through three core segments: tax-exempt interest income from its MRB and GIL portfolios, interest on taxable loans, and capital gains from its "Vantage" joint venture equity investments in market-rate multifamily developments. As of early 2026, GHI is strategically pivoting to prioritize its tax-exempt debt portfolio while winding down its market-rate equity exposure to stabilize distributions and improve balance sheet liquidity. Within the specialty finance and REIT landscape, GHI competes directly with firms such as Walker & Dunlop, Arbor Realty Trust, and Starwood Property Trust, positioning itself as a niche leader in tax-advantaged affordable housing finance by leveraging its unique partnership with its sponsor, Greystone & Co. The partnership is led by Chief Executive Officer Kenneth C. Rogozinski, a Wharton MBA with over 30 years of experience in municipal finance and structured credit, including previous leadership roles at JPMorgan and Rockwood Capital. He is supported by Chief Financial Officer Jesse A. Coury, who oversees financial reporting and capital management following a career in public accounting at RSM US LLP. The firm’s strategic direction is heavily influenced by its sponsor, Greystone & Co., founded by Chairman Stephen Rosenberg, who has built one of the nation’s largest multifamily and healthcare lending platforms. The leadership team is further bolstered by a Board of Managers that includes industry veterans like Drew Fletcher and recent 2026 appointee Alfonso Costa Jr., ensuring deep expertise in public-private partnerships and institutional real estate investment.