SEATTLE, WA – Turner Impact Capital, one of the nation s largest real estate investment firms dedicated to social impact, has bought a multifamily housing community near Seattle – marking the firm s first investment in the Pacific Northwest and bringing its total number of bought housing units to 9,755.
The 240-unit Sunset View community was bought by Turner Multifamily Impact Fund II, which together with its predecessor, Turner Multifamily Impact Fund I, are on course to buy up to 20,000 units, representing approximately $2 billion of assets nationwide.
The Turner Multifamily Impact Funds buy, enrich and preserve critically needed rental housing for families who earn less than the area median income and live in densely populated, ethnically diverse communities. Residents include community-serving professionals such as teachers, police officers, health care workers, service 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.
We are excited to extend our investment portfolio to a new region of the country that suffers from a shortage of affordable, quality housing for working families and individuals, said Turner Impact Capital CEO Bobby Turner. Our investment model proves that we can increase housing stability and improve quality of life for residents, while at the same time generating strong risk-adjusted returns.
Located in Renton, WA, just 3 miles from SeaTac International Airport and less than 10 miles from Downtown Seattle, the Sunset View complex is well-positioned in the flourishing Seattle market. The property is located near major regional job centers in Seattle as well as Bellevue and Renton, providing convenient access to major employers in the transportation, technology, healthcare, construction and retail industries.
Seattle is a dynamic, diverse and growing market that meets all of our investment criteria, said Gee Kim, the firm s President of Multifamily Housing Initiatives. We are keen to start serving the 450 residents at Sunset View and enriching the community with valuable services to help make a ‘pride in rentership that boosts resident satisfaction as well as property operating performance.
Amenities at the expansive complex include a clubhouse, pool, and fitness center, as well as an outdoor game area. In addition to providing programs that meet residents needs, the Fund will explore implementing a range of LEED-based sustainability improvements, such as low-flow toilets, Energy Star appliances, and LED lighting.
The Turner Impact model takes an innovative approach to investing in and managing workforce housing that targets lower expenses, rather than outsized rent growth from repositioning or upgrading properties. Improvements to day-to-day operations and implementation of a wide range of free resident enrichment services – such as afterschool homework help, employment help, community health services and neighborhood watch programs – reduce costly vacancy and turnover, generate positive and measurable social impact, and allow communities to remain affordable to those who earn less than the area median income. Turner has delivered more than 65,000 program participant hours since 2015.
The Turner Multifamily Impact Funds are a core component of Turner Impact Capital s holistic approach to social impact investing. The firm has raised $1.25 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 – CIM Group announced that it has completed construction of Milo, the eight-tale, 319-unit apartment community and the second residential phase at 9th & Colorado, a 26-acre urban infill project at the site of the former University of Colorado Health Sciences Center in Denver. Located at 4109 E. 10th Avenue, Milo Is a significant addition to the evolving fabric of the Bellevue-Hale neighborhood of Denver. CIM is co-developing 9th & Colorado with Continuum Partners.
Milo offers contemporary residences in a variety of sizes including micro, studio, one, two, and three-bedroom apartments, townhomes and stacked flats. It provides a host of in-demand amenities such as a resident-only co-working office space, fitness center with interactive/high-tech equipment and flex yoga room, bike storage and service area, pet wash station, refrigerated package lockers and storage rooms. Milo features many large outdoor communal gathering spots including full length lap pool and hot tub, and a roof deck with barbeques to delight in the stunning views of the Rocky Mountains and Denver. Milo is located directly across the park at 9th & Colorado, a walkable neighborhood that provides many shopping, dining and entertainment options.
In April 2018, the 275-unit, nine-tale Theo apartments opened at 9th and Colorado bringing the first residences to this dynamic 12-block redevelopment. CIM is also developing Ella City Homes, a 35-townhome development, with a phased delivery commencing in Spring 2020.
CIM brings its broad experience in owning, developing, and operating properties to the development of 9th & Colorado. Upon completion, 9th & Colorado will comprise approximately two million square feet offering a mix of restaurant, retail, residential, office and entertainment.

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NASHVILLE, TN – San Francisco-based real estate firm Hamilton Zanze (HZ) has bought the Springfield Apartments in Murfreesboro, Tennessee in the Nashville metro area. The transaction closed on January 16th and was the firm’s second acquisition of the year.
The 16-building apartment community, located at 3726 Manson Pike, features units averaging 1,013 square feet with amenities including smart home technology, private balconies, and extra-large closets. Community amenities include a dog park, gaming, saltwater pool, hammock garden, and an entertainment pub.
“Springfield Apartments provided an brilliant opportunity to buy a brand-new property in a fantastic submarket,” said David Nelson, managing director of acquisitions for Hamilton Zanze. “We are confident that the property’s contemporary vintage, amenity package, and prime location in Murfreesboro will provide our residents with the quality of life desired in Nashville’s urban core. We are excited about our continued growth in this region.”
Built in 2018, the 270-unit property was a 97% occupied at the time of buy. HZ plans to invest in environmentally-friendly upgrades, and property management responsibilities have been transferred to the Denver-based affiliate company Mission Rock Residential.
With this latest acquisition, Hamilton Zanze now owns and operates four properties in the Nashville-Davidson-Murfreesboro market, including Rivertop Apartments, Post Ridge Apartments, and 865 Bellevue. The property is located 30 miles from Downtown Nashville, which is home to numerous music venues, the State Capitol, options for nightlife, major employers, and professional sports venues. The famed Honky Tonk Highway is located in Downtown Nashville and features a row of restaurants and live music venues every night.

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