Turner Impact Capital is on course to surpass $2.5 billion in investment potential to address some of the country’s most pervasive social issues through real estate solutions. We seek to generate superior risk-adjusted financial returns by investing in urban markets with supply & demand mismatches of workforce housing, quality public schools and preventative care facilities, and a lack of institutional capital.
Gee Kim, a Principal at Turner Impact Capital, is responsible for multifamily impact investments. A graduate of Stanford University, Harvard Business School and the Harvard University Kennedy School of Government, Gee sees tremendous opportunities to address affordable workforce housing needs in urban America. “With more than four million new renter households coming online over the next ten years, we see this new multifamily housing fund as an opportunity to make change on a significant scale.” To learn more about Gee and the team at Turner Impact Capital, click here.
"If one wants to cure a societal issue, then one needs a sustainable solution – a vehicle for change where one can provide sound financial returns for investors while at the same time having a positive impact on the world."
Principal & CEO
A MESSAGE FROM THE CEO
As history has shown, government and philanthropy can treat and respond to issues, but they often fail to create scalable solutions that stick. Too many urban public schools are failing to prepare our youth for higher education and/or sustainable 21st century careers; most urban communities lack quality, affordable housing and the accessibility to preventive healthcare is scant.
We at Turner Impact have one mission - to create sustainable solutions for many of today’s societal problems by developing and investing in community-enriching real estate in densely-populated, underserved communities. We seek “profits with a purpose,” recognizing the interdependence between the two and the central role that improving property and the lives of people can play in achieving superior risk-adjusted returns.
Principal & CEO
L.A. Times Features Eva Longoria’s Role in Turner Multifamily Impact Fund
Longoria explains her commitment to helping address the housing affordability crisis in America: “If you are spending 50% of your income on rent, you’re not spending on health care, not spending on education, not spending on nutrition," Longoria told the Times. Read more, and see more coverage of Longoria’s partnership with Turner Impact Capital at Fortune.com.
L.A. Business Journal Spotlights Turner Impact Capital in Special Report
"Social impact investing is taking off in Los Angeles," according to the L.A. Business Journal, citing Turner Impact Capital as a leading example of firms achieving both financial and societal returns. Read more
"You Have to Harness Market Forces to Create a Sustainable Solution"
In a wide-ranging discussion with the Wharton School’s vice dean for social impact, Bobby Turner details the ways that Turner Impact Capital is providing long-term, scalable solutions to some of society’s most pressing challenges. Read more
Nevada Governor Brian Sandoval Joins Bobby Turner and Andre Agassi in East Las Vegas to Open Title I Charter School
Hundreds of parents and supporters turn out in December to celebrate the latest investment of the Turner-Agassi Charter School Facilities Fund. Read more
Bloomberg BusinessWeek Visits Thriving Turner Multifamily Investment Near Washington, D.C.
The first investment of the Turner Multifamily Impact Fund, Regency Pointe Apartments, is featured in a story on our mission to address the growing shortage of affordable workforce housing in urban markets. Read more
The Wall Street Journal Highlights Turner-Agassi as Leaders in Charter School Facility Financing
Socially impactful charter school investment is a growing trend, according to the Journal. "The challenge is too large for the nonprofit sector to solve," one expert says. Read more
L.A. Times Profiles Turner Impact Capital
Bill Ackman, U.S. Sen. Cory Booker and Steve Soboroff share perspectives on TIC’s mission to tackle social problems through sustainable, market-driven solutions. Read more
Wall Street Journal Features Launch of Turner-Agassi II
"The private fund from the tennis star and Turner Impact Capital is part of a push by brokerages to offer social-impact investments." Read more
Bobby Turner and Andre Agassi Talk Impact Investing and Education on Bloomberg
Bobby Turner and Andre Agassi speak with Bloomberg’s Scarlet Fu and Erik Schatzker about Turner-Agassi II, the successor to their first successful charter school fund. Watch the interview here
Turner Impact Capital And Agassi Ventures Launch Turner-Agassi Charter School Facilities Fund II
Turner-Agassi Charter Schools Facilities Fund II plans to invest up to $1 billion for the development of up to 130 schools in high-need areas nationwide by 2020. The fund will build on the innovation and success of the first Turner-Agassi Charter School Facilities Fund, which is on course to deliver 65 facilities for best-in-class charter school operators throughout the U.S. Read more
TheStreet: Progress and Profits Can Coexist, Says "Evolved Capitalist" Bobby Turner
NEW YORK (TheStreet) -- An evolved capitalist is somebody that aims to do well for society without sacrificing yield for investors. That’s exactly what Bobby Turner, founder of Turner Impact Capital, considers himself to be. "We believe that profits are driven by purpose," said Turner. Read more
Turner Multifamily Impact Fund Makes First Acquisition: 599-Unit Regency Pointe In Prince George’s County Near Washington, D.C.
The Turner Multifamily Impact Fund, a real estate investment fund managed by Turner Impact Capital and focused on addressing the growing shortage of affordable workforce housing in urban markets across the nation, announced the closing on its first acquisition— Regency Pointe, a 599-unit, 48-building garden-style housing community located in the Washington-Arlington-Alexandria metropolitan area. Read more
Turner Impact Capital Expands Its Social Impact Investment Platform By Launching New Fund To Address Workforce Housing Shortage
To help address the growing shortage of affordable workforce rental housing across the United States, Turner Impact Capital (TIC) has launched the Turner Multifamily Impact Fund with plans to acquire and manage up to $1 billion in apartment communities in urban markets throughout the United States. Read more
Turner Impact Capital CEO Bobby Turner Featured Speaker at SALT Conference
Bobby Turner, Turner Impact Capital’s Principal and CEO, is a featured speaker at the 2015 SALT Conference in Las Vegas, highlighting his work as a pioneer in the social-impact investment space. He joins an impressive roster of speakers including Andre Agassi, Chuck Hagel, Steve Forbes, and many more. Click here to read more about the conference.
Rockefeller Family Offloads Its Oil Holdings - Invests in Turner Impact Capital Managed Fund
The Rockefeller Brothers Fund—the $866 million-asset foundation started in 1940 by John D. Rockefeller Jr.’s five sons—offloaded all of their coal, tar-sands, and fossil-fuel investments held in the fund’s endowment, and invested millions to a Turner Impact Capital fund. Read more
Wharton Magazine Talks Social-Impact Investing with Bobby Turner
“When University of Pennsylvania students want to find out more about their exciting, growing field, one of their best ways to do so is to listen to practitioners—better yet, pioneers—like Turner, who has excelled at using market forces to revolutionize how urban development, schooling and other societal problems are tackled as CEO of Turner Impact Capital LLC.” Read more
LA Times Features Turner Impact Capital, Its Social Impact Mission
“We’ve proven that investing in ethnically diverse markets and supporting local services can generate strong financial returns, while benefiting local communities and facilitating positive environmental impact,” Turner said. “That is what we plan to do on a significant scale for years to come.” Read more
Turner Impact Capital Featured in Bloomberg News
“The goal is to generate a profit for investors while serving a higher public purpose, said Turner, principal and chief executive officer of the new firm. Public-impact investing, which dedicates funds to issues such as education, community development, the environment and health care, has been increasing and is likely to climb further this year, according to JPMorgan Chase & Co. and the Global Impact Investing Network.” Read more