Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Turner Impact Capital Makes First Twin Cities Acquisition
Turner Impact Capital, one of the nation’s largest real estate investment firms dedicated to social impact, has expanded its efforts to address housing affordability with the acquisition of its first multifamily housing community in the Minneapolis metropolitan area. Acquisition of the 207-unit Urbana Court Apartments in Brooklyn Park, MN was one of the final investments of Turner Multifamily Impact Fund II.
“We continue to expand our housing initiatives, and Urbana Court presents an opportunity to bring our successful model to one of the most dynamic markets in the Midwest,” said Turner Impact CEO Bobby Turner.
Urbana Court is a newly built apartment complex with a large community center, 24-hour fitness center, pool, pickleball courts, playground, and underground heated parking. The units feature a wide range of appliances and full-size washers and dryers. As part of Turner Impact’s sustainability initiatives, the fund has identified ways to reduce energy and water use.
- ◦Sale/Acquisition
