BEAVERTON, OR – Vanamor Inc., a private San Diego-based real estate investor and operator, has announced the acquisition of Blanton Commons in Beaverton, Oregon.
Blanton Commons is a 32-unit apartment community built in 2018 as well as a historic single-family home commonly known in the community as M.E. Blanton House. The property is located in one of Portland’s most sought-after communities and is situated between Nike’s world headquarters to the east and Intel’s Aloha campus to the west.
The immediate location offers residents access to major employment centers and adjacent to the TriMet bus line which connects to both the WES commuter rail and MAX light rail. Other nearby high-tech companies include Airbnb, Nvidia, Salesforce, and more. Vanamor plans to enhance the unit interiors with light interior upgrades and significantly expand the property through the addition of common area amenities.
According to Bobby Larsen, Vanamor’s Principal and Chief Executive Officer, “Having bought over 2,300 units in the Portland MSA through other joint ventures, we are excited to bring the dynamic growth market to Vanamor’s portfolio. As we have already seen through the resiliency of the property during the pandemic, Blanton Commons is not only insulated from downward pressures but also well-positioned to capitalize on future growth trends.”
Blanton Commons marks Vanamor’s first acquisition in the Portland market. The Company is targeting further acquisitions in Oregon, Washington, Arizona, California, Texas, Florida, Colorado, and Nevada. The Company focuses on long-term, moderately leveraged opportunities that deliver outsized market returns and is actively looking to partner with new investors.

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IRVING, TX – Turner Impact Capital, one of the nation’s largest real estate investment firms dedicated to social impact, has bought a multifamily housing community near Dallas – bringing the firm’s total bought housing units to more than 10,000 and current portfolio to 9,363 units.
The 312-unit Bridgeport Apartments in Irving, TX was bought in late April by Turner Multifamily Impact Fund II. Together with its predecessor, Turner Multifamily Impact Fund I, the two Funds have bought 10,067 housing units and are on track to grow their total portfolio up to 20,000 units, representing approximately $2 billion of assets nationwide.
The Turner Multifamily Impact Funds advance Turner Impact Capital’s social impact mission by acquiring, preserving, and enriching critically-needed rental housing for families who earn less than the area median income and live in densely populated, ethnically diverse communities. Residents include essential service professionals such as teachers, police officers, health care workers, and others who earn too much to qualify for subsidized housing, but not enough to afford higher-cost apartments or home ownership in areas near their workplaces.
“The global COVID-19 outbreak and resulting economic slowdown have only exacerbated the longstanding housing crisis in Texas and the entire nation, where rent is simply out of reach for far too many,” said Turner Impact Capital CEO Bobby Turner. “Our resilient investment model has enabled us to reach the significant milestone of 10,000 affordable workforce housing units bought, positively impacting thousands of families while generating strong risk-adjusted returns for investors at the same time.”
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.
Bridgeport Apartments is centrally-located in the quick growing Dallas-Fort Worth region, home to a well-diversified economy, including more than 20 companies on the Fortune 500 list. Approximately 13 miles northwest of downtown Dallas, the property offers convenient access to employment nodes throughout the metroplex, including the nearby DFW International Airport and Las Colinas Urban Center. The property will mark Turner Impact Capital’s fifth housing investment in the region.
As with the firm’s other properties, Bridgeport Apartments’ residents will be connected with a range of immediate coronavirus-related health, education, and economic resources, and virtual enrichment programs that help meet their varying needs.
“During this challenging and uncertain period, it’s more vital than ever for families to have access to stable housing they can afford that doesn’t come at the expense of other critical needs, such as food or healthcare,” said Gee Kim, the firm’s President of Multifamily Housing Initiatives. “The entire Turner team is excited to help improve the quality of life for over 370 residents at Bridgeport Apartments and cultivate the ‘pride in rentership’ that leads to outstanding tenant satisfaction at properties throughout our portfolio.”
Amenities at the Bridgeport Apartments include a dog park, swimming pool, business center, tennis courts, and laundry facilities. The Fund will also implement a range of LEED-based sustainability improvements, such as low-flow toilets, Energy Star appliances, and LED lighting.

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LOS ANGELES, CA – The ongoing transformation of Jordan Downs, one of the largest and most outdated public housing communities in the country, reached a new and significant milestone on April 23, when the U.S. Department of Housing and Urban Development awarded the Housing Authority of the City of Los Angeles (HACLA) a $35 million Choice Neighborhood Initiative (CNI) grant for the revitalization of the Watts community in Los Angeles.
The news comes just six weeks after HACLA’s private sector partner, The Michaels Organization, announced it had achieved a financial closing on the third phase of new housing in the comprehensive development plot for Jordan Downs’ revitalization.
“Watts residents have for years been dreaming of, and advocating for, this community transformation and now that transformation is becoming a reality,” said Kecia Boulware, Michaels Vice President of Development. “Michaels and our partners are grateful to HUD for supporting our vision for high-quality affordable housing with this CNI award and for including $5 million for much-needed supportive services for the families of Jordan Downs.”
Michaels, along with non-profit BRIDGE Housing, were selected by HACLA as the master developers for the Jordan Downs revitalization in 2015. Since then, two residential developments, the extension of Century Boulevard, and the opening of new neighborhood retail has been completed, and Michaels has begun site work on the third phase of new housing.
The CNI grant ensures progress will continue for both Jordan Downs and the wider Watts community by enabling HACLA to leverage significant additional public and private dollars to support the locally driven strategies driving the comprehensive approach to the Watts neighborhood transformation.
When fully complete, Jordan Downs will offer some 1,400 new affordable homes to existing and new residents, in a vibrant mixed-use, mixed-income urban village, with significant green space and community amenities.
The $35 million CNI grant includes $5 million that will be directed specifically for social services for Jordan Downs residents. The non-profit organization Better Tomorrows, which serves as Michaels’ lead services partner, will deliver programming to the residents of Jordan Downs that focus on healthy lifestyles, strong communities, educational success, and financial stability.
“We look forward to being part of the community resources that will help magnify opportunities to enhance education, health and wellness and financial stability for the residents of Jordan Downs,” said Howard Tucker, president and CEO of Better Tomorrows.

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