DALLAS, TX – Turner Impact Capital, one of the nation s largest real estate investment firms dedicated to social impact, has expanded its portfolio of affordable workforce housing with an additional multifamily housing community in Dallas – bringing the firm s total bought units to over 10,330.
The 270-unit Ventana Apartments was bought last month by Turner Multifamily Impact Fund II. The Fund and its predecessor, Turner Multifamily Impact Fund I, now own nearly 1,700 units in the Dallas-Fort Worth area, and the acquisition brings Turner Impact Capital closer to its goal of investing up to $2 billion to buy up to 20,000 units nationwide over the next several years.
The COVID-19 pandemic has caused a significant economic disruption and worsened the affordability crisis in Texas and around the nation, said Turner Impact Capital CEO Bobby Turner. Our innovative investment model has proven it can deliver strong returns for investors while improving people s lives through affordable workforce housing coupled with comprehensive resident services.
The Turner Multifamily Impact Funds preserve and enrich workforce housing in underserved communities around the nation with resident-focused programs, such as afterschool homework help, healthcare access and fitness activities, as well as environmentally sustainable initiatives that improve residents quality of life, reduce negative environmental impact, and enhance property operations.
The Turner Multifamily Impact Funds portfolio consists of over two dozen apartment communities located in nine densely populated, ethnically diverse metropolitan areas, including Washington, D.C., Chicago, Atlanta, San Antonio, Austin, Dallas-Fort Worth, Houston, Las Vegas, and Seattle.
With a well-diversified economy, the Dallas-Fort Worth area is consistently ranked as one of the most economically healthy regions of the country and has become a core market for Turner Impact Capital. Ventana Apartments offers convenient access to centers of employment and amenities, including the Galleria Dallas Mall, the Village on the Parkway lifestyle center, and Addison Circle.
The preservation of stable, affordable housing is more vital than ever, and we continue to actively invest in communities and offer property sellers a quick and certain closing, said Gee Kim, the firm s President of Multifamily Housing Initiatives. We look forward to expanding our footprint and impact in the DFW area.
Ventana Apartments amenities include a clubhouse, business center, swimming pool, sports court, fitness center, playground, and laundry facilities. The Fund will also implement improvements, such as LED lighting retrofits and Energy Star appliances, as part of its targeted sustainability initiatives.
The Turner Multifamily Impact Funds are a core component of Turner Impact Capital s holistic approach to social impact investing. The firm has raised nearly $1.5 billion in capital, unlocking more than $3 billion in investment potential while directly impacting more than 100,000 lives in underserved communities throughout the United States. By harnessing market forces, the firm s investments are sustainable, scalable and durable – improving lives and strengthening communities while earning strong financial returns for socially conscious investors.
Turner Impact Capital also manages the Turner-Agassi Charter School Facilities Funds to facilitate the development of best-in-class charter schools in underserved communities across the United States, as well as the Turner Healthcare Facilities Fund, which provides community-serving healthcare facilities to proven healthcare providers while improving access to quality care for residents of low- and moderate-income urban communities.

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DENVER, CO – Watermark Residential, a wholly owned affiliate of Thompson Thrift and one of the nation’s leading multifamily developers, announced the acquisition of 20.25 acres of land in the Castle Pines suburb of Denver for the development of The Summit Townhomes & Villas. The Summit will be a luxury leased residential community featuring one- to four-bedroom attached single-family homes and townhomes. The expected completion date is December 2022.
“The Castle Pines submarket is one of the most desirable submarkets in the Denver area, that is only expected to continue to grow in the coming years,” said Jose Kreutz, managing partner of Thompson Thrift. “The Summit Townhomes and Villas will offer a unique living experience for renters-by-choice who want to delight in the single-family lifestyle with the benefit of a professionally managed and amenitized community. This opportunity is nearly non-existent anywhere else.”
Located along Lagae Road just south of Castle Pines Parkway, The Summit will consist of 214 one-, two-, three- and four-bedroom homes that average 1,410 square feet. The homes will feature premium interior finishes, including gourmet bar-kitchens with quartz countertops, stainless steel appliances, walk-in closets, garden tubs, full-size washers and dryers and designer light fixtures. The three- and four-bedroom townhomes will feature two-car attached garages and two-level patio decks while the paired villas will feature 10-foot ceilings, windows on three sides of the home and privately fenced patios. Community amenities will include a well-appointed clubhouse, 24-hour fitness center with state-of-the-art equipment, a swimming pool with cabanas and entertainment areas, a pet-friendly bark park and doggie spa, connectivity to local walking paths, as well as access to an on-site management team dedicated to the highest-level of service for residents.
Located between Lone Tree and Castle Rock, with direct frontage along well loved I-25, The Summit is just 25 miles south of downtown Denver and only a 15-minute drive from Denver’s largest employment center, which houses six Fortune 500 companies and over 237,000 employees. Situated in Douglas County, the “6th Most Affluent County in the U.S.”, it also offers families access to the Douglas County School District, one of the best in Colorado, with the state’s highest graduation rate.
Castle Pines offers simple access to the area’s major employers including Charles Schwab, Fantastic-West, DISH Network and others. It is also located near major retail centers, such as the Village Square Center, The Outlets at Castle Rock, Colorado’s fourth most-well loved tourist destination, according to Colorado.com, and Park Meadows Mall in Lone Tree, Colorado’s largest shopping center. With the average home in the area selling for $820,000, The Summit will provide an attractive option for the growing number of households that desire the lower densities and private outdoor space common in the for-sale market, but remain sidelined due to the associated financial hurdles of ownership.
Kreutz continued, “Watermark Residential is uniquely positioned to offer a luxurious single-family lifestyle, coupled with the flexibility and ease of a leased home. With no other for-lease complexes currently in the Castle Pines area, The Summit Townhomes & Villas will offer a truly innovative product in a highly desirable location.”

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DALLAS, TX – Supporting the city of Fate, Texas, and senior residents alike, Gardner Capital has begun work on Gala at Fate, a public-private partnership designed to deliver quality senior housing as well as additional long term revenue for the city itself. Gardner Capital, a family-owned private equity firm specializing in multifamily housing and renewable energy development and investment, continues to increase its annual capital allocation for investment in markets throughout Texas – with multiple affordable housing developments focusing on both senior, family, as well as mixed-income developments.
For Gala at Fate, the City of Fate will partner with Gardner Capital through their Public Facilities Corporation (PFC), leasing the land and partnering with Gardner Capital for long term ownership and operation of the Project – allowing for additional revenue to the City of Fate that can be used for future public or economic efforts. CREA and Citibank are additional financial partners for the Project, along with Gardner Capital, with Citibank providing both construction and permanent financing.
“The City of Fate is excited to welcome high-quality senior housing to our growing city,” said Mayor Joe Burger. “An vital piece of our community’s Comprehensive Plot is to provide a wide range of housing choices, from first-time home buyers up to retired grandparents living in our community. Gala at Fate gives an affordable option for independent seniors to live near their loved ones in Fate.”
“The creation of the Fate Public Facility Corporation was the key to get this project off the ground,” said Allen Robbins, President of the Fate Public Facility Corporation. “The PFC’s partnership with Gardner Capital not only makes high-quality senior housing, but also provides lasting value for the City of Fate.”
“We are excited about our new partnership with the City of Fate and look forward to building upon that long-term partnership in the coming years. As we continue to expand our investment in the DFW region, we look forward to providing the necessary development and financial resources to other communities in the DFW region to provide more quality affordable housing…at a time when housing continues to become more and more unaffordable. It is through these long-term partnerships that we are able to make transformative developments, but most importantly, to deliver quality affordable housing to those in need,” said Michael Gardner, Principal and CEO of Gardner Capital, on the value and importance of public private partnerships and how vital such partnerships are, especially in challenging and uncertain economic environments.
Anticipated for completion in January 2022, the project will be located at 359 E. Black Oak Ln. Gala at Fate will boast 185 units, with a mix of one-, two- and three-bedroom apartments. The high-quality senior housing will serve seniors of all incomes, including those on fixed incomes, with upgraded architecture and fixtures as well as a resort-style pool and fully appointed clubhouse with a fitness center and club room. Treymore Construction is the general contractor for Gala at Fate.

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