Turner Multifamily Impact Fund, L.P.
United States of America
Last updated 12 May 2020, by Impactyield.
Developed countries (203) / More developed regions (202) / More developed regions (North America, Asia & Oceania) (153) / United States of America (112)
The Turner Multifamily Impact Fund, L.P. is a special purpose closed-end real estate fund that intends to acquire, improve and preserve critically-needed workforce rental housing in densely populated, ethnically diverse, underserved urban communities within the United States.
The Fund seeks to implement innovative, resident-focused programs that are centered on education, healthcare and security, as well as environmentally responsible practices that enhance investment value and create measurable, sustainable and scalable social impact.
The Company’s targeted multifamily strategy seeks to meet the significant and growing need for affordable, quality rental housing options in major metro markets by investing in the acquisition, improvement, and management of workforce housing.
of track record
the year funded
Turner Impact Capital
Headquarters location: United States of America
Other funds managed by this asset manager: Turner-Agassi Charter School Facilities Fund
Key performance indicators
Asset manager: Turner Impact Capital
Product track record: Fund has 9 years of track record
Target IRR: n.a.
Committed Capital: n.a.
Target return category: Risk-adjusted market-rate of return
Fund domicile: United States of America
Product status: Open - committed capital
Inception year: 2014
Vintage year: n.a.
Target region: Developed countries, More developed regions, More developed regions (North America, Asia & Oceania), United States of America
Target close date: n.a.
Product term: n.a.
Assets under management: n.a.
Investment size: Min: 0; Max: 0; Avg: 0
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 0
Fund investments to date exited or repaid: 0
Management fee: n.a.
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: n.a.
Phone number: 310.752.9600
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The Fund will create positive social and environmental impact in the following ways:
1.) The Fund will help meet the significant and growing need for affordable, quality rental housing options in major metro areas;
2.) The Manager intends to design and implement resident-focused programs by leveraging its internal and external resources in order to meet the specific educational, health care and security needs of each community;
3.) The Manager intends to design and implement environmentally sustainable programs by using the U.S. Green Building Council’s Leadership in Energy and Environmental Design for Existing Buildings guidelines.