Dealflow | May 13, 2020

Turner Impact Capital points to COVID housing crisis with latest apartment acquisition

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, May 13 – Impact real estate investor Turner Capital Impact has acquired a 312-unit workforce housing complex in Irving, Texas, occupied by teachers, police officers, healthcare workers and other essential workers.

“It’s more important than ever for families to have access to stable housing they can afford that doesn’t come at the expense of other critical needs, such as food or healthcare,” said Turner’s Gee Kim.

With its two multifamily housing investment funds, Turner has acquired more than 10,000 affordable and workforce housing units in the U.S. (see, “What we know about Turner Impact Capital’s school, housing and health funds).