OMAHA, Neb., Feb. 19, 2013 (GLOBE NEWSWIRE) -- America First Tax Exempt Investors, L.P. (Nasdaq:ATAX) (the "Company") acquired at par six tax-exempt bonds secured by three properties located in San Antonio, Texas on February 14, 2013. The bond purchases are as follows: a $13.8 million par value Series A and a $3.2 million par value Series B tax-exempt mortgage revenue bond secured by the Huebner Oaks Apartments, a 344 unit multifamily apartment complex; an $8.9 million par value Series A and a $2 million par value Series B tax-exempt mortgage revenue bonds secured by the Las Colinas Apartments a 232 unit multifamily apartment complex; and an $8.8 million par value Series A and $1.7 million par value Series B tax-exempt mortgage revenue bonds secured by Perrin Crest Apartments, a 200 unit multifamily apartment complex. The three Series A tax-exempt senior mortgage revenue bonds each carry an annual interest rate of 6.0% and mature on March 1, 2050. The three Series B tax-exempt subordinate mortgage revenue bonds each carry an annual cash interest rate of 9% plus allow for an additional 3% of interest calculated on each related property's available cash flow after debt service and mature on April 1, 2050.
America First Tax Exempt Investors L.P. Announces Recent Investment Activity
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