Texas 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 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
- ◦Sale/Acquisition

