DENVER, CO – Turner Impact Capital, one of the nation s largest real estate investment firms dedicated to social impact, has expanded into the Denver metropolitan area with the acquisition of two multifamily housing communities as part of its commitment to address the country s urgent housing affordability crisis with an innovative, market-driven solution.
The 165-unit Silverbrook and 188-unit Canterra at Fitzsimons communities in Aurora are the latest investments by the newly launched Turner Multifamily Impact Fund III (TMIF III). The Fund now owns 836 units of high-quality workforce housing, following recent acquisitions in Las Vegas and Minneapolis, with more acquisitions to come. TMIF III is on course to raise up to $750 million of equity, unlocking more than $2.3 billion in investment potential to buy existing, or develop new, affordable workforce housing communities in high-demand markets.
TMIF III is building upon the success of Turner Impact Capital s two previous housing funds, which together parlayed more than $650 million of equity into the preservation and enrichment of approximately $2 billion of housing for low- to moderate-income families while generating positive environmental impact and strong risk-adjusted returns for the firm s institutional investors. The Funds bought, preserved, and enriched approximately 14,000 units in markets such as Chicago, Dallas, Las Vegas, Seattle, Austin, Washington, D.C., and more.
Amid continuing hardship for working families, we are accelerating our efforts to preserve access to high-quality affordable housing in major metropolitan areas, Turner Impact Capital CEO Bobby Turner said. We are delighted to bring our successful market-driven model to the dynamic Denver area for the first time through these new investments by Turner Multifamily Impact Fund III.
Both Aurora properties meet the Fund s criteria of providing affordable workforce housing in diverse, densely populated areas near job centers. Tenants generally earn up to 80% of Area Median Income, and include community-serving professionals such as teachers, police officers, healthcare workers and others who often earn too much to qualify for subsidized housing but struggle to afford higher-cost housing located near job centers. Turner Impact will soon offer tailored enrichment programs in areas such as education, health, and safety to enhance residents quality of life and satisfaction.
Silverbrook is a seven-acre garden-style community consisting of nine three-tale residential buildings with 165 one- and two-bedroom apartments, a community swimming pool, outdoor grilling area, basketball court, and fitness center. Canterra at Fitzsimons is also a garden-style community whose two 12-tale residential buildings have 188 one- and two-bedroom units. The 7.5-acre site includes a community swimming pool, resident clubhouse, outdoors barbeque spaces, and covered parking.
The properties are located in central Aurora, the third-largest city in Colorado, conveniently located 10 miles southeast of downtown Denver. The vibrant Denver-Aurora-Lakewood metropolitan area has one of the strongest job markets in the United States, and the two new Turner Impact communities are close to major employers such as Amazon, Denver International Airport, HealthOne, and telecommunications firm Century Link.
We look forward to serving our Aurora residents as we extend our impact to a new market where job growth and high demand for housing threaten to price working families out of homes near their workplace, said Gary Rodney, Managing Director of Turner Impact s Multifamily Housing Initiatives. Our model has a long track record of success delivering positive social and environmental benefits to our residents and the community.
Housing initiatives are a central feature of Turner Impact Capital s holistic, award-winning approach to impact investing in housing and two interrelated societal challenges: public education and community-based healthcare. The firm has raised over $1.9 billion in commitments since it was founded in 2014, putting it on course to surpass $5.7 billion in investment potential since inception. By harnessing market forces, Turner Impact offers durable solutions to improve lives and strengthen communities while delivering strong risk-adjusted financial returns for investors.

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NEW ORLEANS, LA – 365 Connect, the leader in providing the most advanced automated marketing, leasing, and resident engagement platform for multifamily communities across the globe, announced today the company’s CEO, Kerry W. Kirby, will speak at the Multifamily Innovation & AI Summit. The event, catering exclusively to multifamily professionals, runs from December 4 – 5, 2024 in Phoenix, Arizona.
Launched by the founders of Multifamily Leadership, Patrick and Carrie Antrim, the Multifamily Innovation & AI Summit will feature vital, relevant discussions conducted by leading experts from various fields within the industry. It has become a must-attend event for owners, operators, and corporate executives. The vision of the summit is to make an enriching environment where multifamily professionals can obtain the tools, strategies, and insights needed to drive their company’s growth in today’s quick-paced world.
Kirby will be speaking at multiple sessions, the first being held on December 4th at the nectarflow Innovation & AI Lab. Kirby will be joined by James W. Lancaster, Chief Product Officer at 365 Connect, the duo will lead two separate sessions to discuss the challenges and opportunities centered on the use of APIs in the multifamily housing industry. On December 5th, Kirby will participate in a distinguished panel to discuss, “Beyond the Numbers: Harnessing Technology and People to Future-Proof Real Estate Investments.” The conversation will delve into how digital transformation can drive the creation of a resilient and forward-thinking business model.
“We are honored to welcome Kerry back to our stage at this year’s Multifamily Innovation & AI Summit,” said Patrick Antrim, CEO of Multifamily Leadership. “Kerry is not just an accomplished entrepreneur and innovator, but a right trailblazer shaping the future of our industry. With an exceptional talent for challenging the status quo and driving meaningful change, he is a transformative leader and an influential voice across the technological landscape.”
Kirby, founder and CEO of 365 Connect, is a visionary technologist whose unrivaled ingenuity is revolutionizing the multifamily housing industry. Over the past two decades, he has transformed 365 Connect from a bootstrapped startup into an award-winning proptech leader. Renowned for his unparalleled contributions to technology and innovation, Kirby has earned numerous global accolades, solidifying his reputation as one of the industry’s most influential changemakers.
“Multifamily housing operators are rapidly advancing the transformation of their workflows to streamline cost structures,” said Kirby. “Our industry must know the commitment needed to drive innovation and reimagine business models that can thrive in today’s dynamic economic environment. I’m thrilled to share my insights at the premier thought-leadership platform in our field, the Multifamily Innovation & AI Summit.”

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PORTLAND, OR – BRIDGE Housing bought an affordable housing community outside of Beaverton, Oregon, preserving 340 apartments that soon face a potential transition to market-rate rents as low-income housing for the long term.
Bethany Meadows consists of income-restricted one- and two-bedroom apartments for households earning 60% of Area Median Income in a growing community near Beaverton, in the Portland Metro Area. Affordability restrictions on the units had been set to expire in 2-3 years.
The acquisition marks the latest investment by BRIDGE Housing to preserve the long-term affordability of housing in communities throughout the West Coast. Preservation is an increasingly vital affordable housing strategy as low-income covenants established decades ago are set to expire on thousands of properties.
BRIDGE Housing, the leading nonprofit affordable housing developer and manager on the West Coast, is a mission-driven organization seeking to increase access to affordable housing in a region that is home to some of the costliest housing markets in the United States.
BRIDGE s portfolio exceeds 13,600 units across more than 130 properties in California, Washington and Oregon with a total development cost of more than $3.5 billion. More than 30,000 people live in BRIDGE communities from San Diego to Seattle.
By permanently preserving the affordability of Bethany Meadows, we are advancing our mission and benefiting hundreds of families in a meaningful way for years to come, said Ken Lombard, BRIDGE Housing President and CEO. We are actively pursuing many development and preservation opportunities, with the goal of allowing more residents to delight in the dignity of a home they can afford. If you own a property with affordability covenants that are nearing expiration, we want to hear from you.
Bethany Meadows is a garden-style complex, with two- to three-tale buildings across two separate phases. Phase I, built in 1997, has 208 units. Phase II, built in 1998, has 132 units. BRIDGE bought both phases, as well as 577 surface parking spaces. The adjacent properties are located in a prime neighborhood close to job centers, public transit, and high-performing public schools. Amenities include a clubroom, fitness center, pool, and spa.
BRIDGE Housing s investment was supported by an innovative financing arrangement with Morgan Stanley and National Equity Fund that provides a $250 million revolving credit facility, enabling BRIDGE to go quickly to buy and preserve affordable housing. By using private equity and debt, the strategy reduces the time and complexity of traditional affordable housing finance, in which multiple partners must apply for government tax credits.
Since 1983, BRIDGE has been an innovative leader in affordable housing on the West Coast by making strong communities, improving residents lives, and delivering positive social impact. BRIDGE is currently accelerating its growth plans, harnessing both ground-up development and opportunistic acquisitions to significantly extend its reach. More than 10,800 affordable apartments are in the development pipeline, and additional acquisitions are plotted over the coming weeks to permanently preserve more affordable units in high-cost regions.
Our talented BRIDGE team and our many partners are making tremendous strides in delivering affordable housing efficiently and sustainably, along with high-impact resident services, said Executive Vice President Sierra Atilano, BRIDGE s Head of Development. We are accelerating our work in both development and acquisition as we seek to significantly expand our portfolio in the West. We are excited to continue accelerating our work at scale to make a meaningful, lasting difference for families and communities.”

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