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The exterior of Portola del Sol, a complex Turner Impact Capital s multifamily fund owns in Las Vegas. Turner Impact Capital
Turner Impact Capital has closed its second affordable workforce housing fund at US$357 million, including injections of capital from the foundations of NBA star Chris Paul and activist investor Bill Ackman.
By leveraging those dollars, the Turner Multifamily Impact Fund, one of the real estate firm’s private-equity vehicles, will be able to buy close to US$1.25 billion in new properties in urban areas, according to Bobby Turner, CEO.
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Turner Impact Capital Seeks to Strengthen Workforce Housing