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Texas  + Apartments  | 

Turner Impact Capital Snaps Up Dallas Workforce Housing

Bobby Turner’s Turner Impact Capital expanded its portfolio of affordable workforce housing with an additional multifamily housing community in Dallas. The 270-unit Ventana Apartments at 5555 Spring Valley Rd. was acquired last month by Turner Multifamily Impact Fund II.

The current fund and its predecessor, Turner Multifamily Impact Fund I, now own nearly 1,700 units in the Dallas-Fort Worth area. The Ventana acquisition for an undisclosed sum brings Turner Impact Capital closer to its goal of investing up to $2 billion to acquire up to 20,000 units nationwide over the next several years.

“The preservation of stable, affordable housing is more important than ever, and we continue to actively invest in communities and offer property sellers a quick and certain closing,” said Gee Kim, president of multifamily housing initiatives at Turner Impact Capital. “We look forward to expanding our footprint and impact in the DFW area.”

For comments, questions or concerns, please contact Paul Bubny

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Inside The Story

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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