Turner Multifamily Impact Fund, L.P.

United States of America

Last updated 12 May 2020, by Impactyield.

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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.

Asset class


Fund style

Financial description

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.

9 years

of track record


the year funded



Asset manager

Turner Impact Capital


Headquarters location:

Other funds managed by this asset manager: Turner-Agassi Charter School Facilities Fund

SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Safe and affordable housing

Key performance indicators

Fund overview

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:

Product status:


Inception year: 2014

Vintage year: n.a.

Target region: , , ,

Target close date: n.a.

Product term: n.a.

Assets under management: n.a.

Investment size: Min: 0; Max: 0; Avg: 0

Co-investment policy:

Currency of investments:

Currency for fund / product figures:

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.


E-mail: steve@sugermangroup.com

Website: https://turnerimpact.com/

Phone number: 310.752.9600

If you wish to have your details removed from this database please email gdpr@impactyield.com

Impact Performance


Impact thesis

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.

Impact Management


Financial benchmark

Term Description:


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