Key Highlights

  • Greystone Housing Impact Investors (NYSE: GHI) finalised a contractor agreement with departing CFO Jesse Coury on June 30, 2026.
  • Coury will receive $300 per hour for transitional services over a three-month period starting July 1, 2026.
  • The agreement includes reimbursement for documented business expenses and standard confidentiality clauses.
  • The contract expires September 30, 2026, with a 15-day termination notice requirement for either party.

Greystone Housing Impact Investors has formalised a transitional arrangement with its outgoing finance chief. The real estate investment firm disclosed terms of a contractor agreement with Jesse Coury following his resignation as chief financial officer.

Transition Terms Set

The partnership signed an independent contractor agreement with Coury on June 30, 2026. The deal ensures continuity during the search for a permanent CFO replacement. Coury will provide services on an as-needed basis through September 30, 2026.

Compensation Structure

Under the agreement, Greystone Housing Impact Investors will pay Coury $300 per hour for his services. The company will also reimburse reasonable and documented business expenses incurred during the contract period. This arrangement reflects standard practice for executive transitions in the real estate sector.

Contract Duration

The three-month agreement commenced on July 1, 2026. It includes a 15-day written notice requirement for termination by either party. The partnership retains the right to end the contract immediately for cause, as defined in the agreement.

Confidentiality Provisions

The contract contains customary confidentiality and nondisclosure clauses. These provisions protect sensitive financial and operational information during the transition. Restrictive covenants favouring Greystone Housing Impact Investors are also included.

Forward-Looking Considerations

The partnership cautioned that future developments may differ from current expectations. Risks outlined in SEC filings could materially impact actual outcomes. Investors are advised to review the company’s annual and quarterly reports for comprehensive risk factors.

Leadership Search Underway

Greystone Housing Impact Investors has not yet named a successor to Coury. The contractor agreement provides a structured timeline for the transition. The real estate investment trust continues to evaluate internal and external candidates for the permanent role.

Financial Reporting Implications

The CFO transition may influence financial reporting timelines and investor communications. The company maintains its obligation to update forward-looking statements under federal securities laws. Market participants will monitor the leadership change for potential operational impacts.

FAQs

This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial adviser before making investment decisions.