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Real Estate Trust Created for Impact Investors Pays
First Round of Dividends
(WASHINGTON, November 17, 2015) – Housing Partnership Equity Trust REIT I, LLC (HPET), a social-purpose real estate investment trust created by leading nonprofit housing and community development organizations and sponsored by the Housing Partnership Network, announced that its Board of Directors declared its first regular quarterly dividend for the third quarter of 2015 on its Class A preferred units of $1,202.22 per unit, and on its Class D preferred units of $236.06 per unit. The company also announced that the Board of Directors declared a special dividend on its Class A preferred units of $5,987.54 per unit, and a special dividend on its Class D preferred units of $15.30 per unit. The preferred dividends were paid in cash on November 16, 2015, to holders of record as of September 30, 2015.
These are HPET’s initial dividend payments to investors, which include Prudential Financial, Inc. and two of the country’s largest financial institutions, Citi and Morgan Stanley.Read more