| Business Summary | | America
First
Tax
Exempt
Investors,
L.P.
acquires,
holds,
operates,
sells
and
otherwise
deals
with
a
portfolio
of
federally
tax-exempt
mortgage
bonds
that
have
been
issued
to
provide
construction
and/or
permanent
financing
of
multifamily
residential
apartments.
In
February
1999,
the
Company
merged
with
America
First
Tax
Exempt
Mortgage
Fund
Limited
Partnership
(the
Prior
Partnership).
As
of
December
31,
2000,
the
Company
continued
to
hold
six
of
the
seven
tax-exempt
mortgage
bonds
originally
held
by
the
Prior
Partnership.
In
addition,
the
Company
acquired
three
tax-exempt
mortgage
bonds
during
2000.
The
tax-exempt
mortgage
bonds
were
issued
by
various
state
and
local
housing
authorities
to
provide
for
the
construction
and/or
permanent
financing
of
nine
multifamily
housing
properties
located
in
six
states. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | America
1st
Tax
Exempt
Investors
is
a
limited
partnership
formed
to
acquire
a
portfolio
of
federally
tax-exempt
mortgage
bonds
to
provide
construction
&/or
financing
of
multifamily
residential
apartments.
For
the
six
months
ended
6/30/01,
revenues
rose
43%
to
$4.8
million.
Net
income
applicable
to
BUC
holders
totaled
$3.3
million,
up
from
$1.3
million.
Results
reflect
acquisitions
of
tax-exempt
mortgage
bonds
and
the
absence
of
a
$1.1
million
loss
on
the
sale
of
bonds. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Michael Yanney, 66 | Chairman,
Pres, CEO and Mang. | Michael Thesing, 45 | VP,
Sec., Treasurer, CFO, Chief Accounting Officer and Mang. | Alan Baer, 77 | Mang. | Mariann Byerwalter, 39 | Mang. | William Carter, M.D., 73 | Mang. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|