Turner Impact Capital Acquires Dallas-Area Affordable Property
The acquisition marks the 10,000-unit milestone for the firm.
Turner Multifamily Impact II, a real estate investment fund managed by Turner Impact Capital, has acquired Bridgeport Apartments, a 312-unit affordable multifamily community in Irving, Texas. The deal marks for the firm 10,000 affordable workforce housing units acquired, according to prepared remarks by Turner Impact Capital CEO Bobby Turner.
Bridgeport Apartments is located at 4111 Polaris Drive, within the Dallas-Fort Worth region. According to Turner data, the community is 13 miles northwest of downtown Dallas and near DFW International Airport and Las Colinas Urban Center.
The community offers residents a mix of studio, one- and two-bedroom units. Residential amenities include a dog park, swimming pool, business center, tennis courts and laundry facilities. Turner Multifamily Impact Fund plans to implement a range of LEED-based sustainability improvements, including low-flow toilets, Energy Star appliances and LED lighting.
Earlier this year, Turner Impact made their first purchase in the Pacific Northwest.