OMAHA, Neb., Aug. 22, 2013 (GLOBE NEWSWIRE) -- America First Tax Exempt Investors, L.P. (Nasdaq:ATAX) (the "Company" or "ATAX") announced that it acquired at par six tax-exempt bonds secured by three properties located in San Antonio, Texas on June 27, 2013. The bond purchases are as follows: a $5.8 million par value Series A and a $2.5 million par value Series B tax-exempt mortgage revenue bond secured by the Dublin Apartments, a 156 unit multifamily apartment complex; a $3.1 million par value Series A and a $2.3 million par value Series B tax-exempt mortgage revenue bonds secured by the Kingswood Apartments, a 129 unit multifamily apartment complex; and a $5.5 million par value Series A and $1.7 million par value Series B tax-exempt mortgage revenue bonds secured by the Waterford Apartments, a 133 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 August 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 September 1, 2050.
America First Tax Exempt Investors, L.P. Announces Recent Investment Activity
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