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California  + Los Angeles  + Apartments  | 

Turner Impact Capital Closes Fund, Plans $1.25B in Workforce Housing Investment

Santa Monica-based Turner Impact Capital closed a second affordable workforce housing fund that will unlock $1.25 billion in new housing investment. Turner Multifamily Impact Fund II (TMIF II) will enable the firm to acquire and manage up to 10,000 additional housing units.

Turner Impact Capital’s Bobby Turner says, “While many investors have struggled to raise capital for social impact funds, we have seen remarkable interest due to our singular focus on impact strategies, the demonstrated success of our previous housing funds, and our 25-year track record generating superior risk-adjusted returns across complementary investment platforms that also include education and community-serving healthcare facilities.”

TMIF II has already acquired seven multifamily communities with an eighth under contract, together totaling nearly 3,100 units.

NBA star Chris Paul, an investor in Turner Impact’s housing funds, says, “Bobby and I both believe in backing up talk with action. We’re spending our time and resources to scale up a proven housing solution that doesn’t just keep homes affordable, but supports families by providing housing stability and services that truly make a positive difference in their lives.”

For comments, questions or concerns, please contact Dennis Kaiser

*Pictured Portola del Sol, Las Vegas

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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