CoStar Insights

Eva Longoria Teams with Turner Impact Capital to Help Spur Investment in Workforce Housing

by Mark Heschmeyer | May 20, 2016
Eva Longoria, Actor, Business Owner and Social Activist, and Bobby Turner, CEO, Turner Impact Capital

Turner Impact Capital, a Los Angeles-based investment firm focusing on social-impact investing, is joining forces with actor, business owner and social activist Eva Longoria to acquire workforce housing.

The strategy has proven successful for Turner Impact Capital's CEO, Bobby Turner, the former chairman and CEO of Canyon Capital Realty Advisors, who has partnered with such athletic celebrities as tennis star Andre Agassi and basketball legend Magic Johnson.

The firm is aiming to acquire up to $1 billion in apartment communities in urban markets throughout the U.S. through its Turner Multifamily Impact Fund. In a twist to other multifamily investors, TIC's investment strategy is focused on acquiring apartment communities whose residents earn less than 80% of the area median income and live in densely populated, ethnically diverse communities throughout the US.

Longoria will become a partner and an ambassador for the Turner Impact fund, helping to raise awareness about the workforce housing shortage. Other investors in the fund include Citi Community Capital, the University of Michigan endowment and the Rockefeller Brothers Foundation. 

"Turner Impact Capital’s investment strategies directly benefit a broad cross-section of urban residents, including Latinos, the youngest and one of the fastest-growing demographic groups in the United States," Longoria said. "Despite their potential, Latinos disproportionately lack housing opportunities and face overwhelming economic challenges. The work of Turner Impact Capital supports the most effective interventions in breaking the cycle of poverty: promoting excellence in our schools and bringing new investment to our cities."

Demand for affordable workforce rental housing in the most populated areas of the country is expanding, with many jurisdictions grappling with the issue, due in part to higher land and construction costs.

Increased development costs and declining public subsidies have constrained development of new units, according to the Urban Land Institute’s Terwilliger Center for Housing. Meanwhile, thousands of older, subsidized developments are approaching the end of their federally required rent restrictions, making them vulnerable to conversion to market rates as value add real estate investors seek yield through repositioning opportunities in a hypercompetitive environment.

According to ULI, nearly half of all renters spend more than 30% of their income on rent and one quarter of all renters spend more than 50% of their income on rent.

Turner Multifamily Impact Fund is among a handful of preservation-focused private equity investment funds seeking to preserve the workforce-housing status of the properties it acquires. Since its launch in a year ago, Turner Multifamily Impact Fund has invested more than $140 million to purchase nearly 2,500 units in Maryland, Florida, Texas and Nevada.

Turner Capital investment strategies:  read the full article HERE.


Leave a comment
  1. UALI20 | May 21, 2018
    Nice blog and absolutely outstanding. You can do something much better but i still say this perfect.Keep trying for the best.mens incontinence pants
  2. DETECTIVES | May 18, 2018
    Thanks for sharing us.DETECTIVES EN MADRID
  3. Rick Hunter | May 11, 2018
  4. Jack Nelson | May 11, 2018
    The TutuApp VIP Download is an aide which provide the paid and the modded games for free
  5. stanb | May 11, 2018
    Hello everyone, was interesting to read your article. Usually i'm reading <a href=""> New York Times </a>, but now i will read you too! (
  6. sami | May 10, 2018
    This is actually the kind of information I have been trying to find. Thank you for writing this information.the family advisors
  7. John Marshal | May 09, 2018
    I personally like your post. You have shared good insights and experiences. Keep it up. <a href="">Do my law assignment for me</a> 
  8. MONIKA | May 08, 2018
    Thanks for the blog post buddy! Keep them
  9. sdfsd | May 08, 2018
  10. sdfsd | May 08, 2018
    <a href=""></a>
  11. fdsd | May 07, 2018
  12. res | May 05, 2018
    Here is the main update about the CGBSE 10th result 2018 for the students who are going to appear 10th examinations in the academic year 2017-18 of Chhattisgarh state. CGBSE is likely to release the CGBSE 10th Result 2018 on April 2018 and the details of exact date, where and how to check the results and more information about it are given here. Reading this completely article can give you the entire details on CG board 10th exams, results and more.Students are you ready to know completely about the GSEB SSC result 2018 of of the academic session 2017-18?? Then, you must continue to read this article as we have given all the updates of GSEB SSC Result 2018 at one place which you can’t find it anywhere online.Check all the latest updates on HBSE 10th exams 2018, results and all the relevant details via this post. Especially about the HBSE 10th Result 2018 with all the latest updates as of now.Latest updates for the people in search of the results of ICSE examination organized on 2018. Shortly students can expect their ICSE 10th result 2018 according to the news from some sources. Know it’s time to know all the details on the ICSE results like result date, when and where to check the ICSE marks, various online websites and the SMS procedure for viewing the results, toppers list and completely about it.Jharkhand Board 10th exam results will be published soon and here are the details about the result release date and all about it. We have come across many people looking for the JAC 10th Result 2018 online and so we have drafted this post for your reference.Eagerly waiting for the release of admit cards for the JEE Mains 2018?? Then, you have come to right place. CBSE is all set to issue the JEE Main 2018 admit card in the 2nd week of March 2018. Check the complete instructions that are officially issued by the CBSE recently and also the admit card availability and download procedure here.Check out all the latest updates about the SSLC / 10th class results of the Karnataka state for the academic year 2017-18 here. We have come across many aspirants looking for the Karnataka SSLC result 2018 online and here is all the important information for all those candidates. Go through the article completely and gather all the useful details at one stop here.Check all the latest news and updates regarding Maharashtra HSC result 2018 through this post. We have drafted this article just for the reference of the students based on the tentative information collected from the official sources on HSC result 2018 of Maharashtra StateGood news for the students searching for the MSBSHSE SSC Results. SSC board of Maharashtra is likely to declare the SSC results soon in the official site. Get the complete details of it from below. Here we have drafted entire details related to Maharashtra SSC Result 2018 that we have till now such as, results release date, SSC result previous statistics, how and where to check the SSC results of Maharashtra and also about the supply exam results etc.Good news for the candidates looking for the results of the MPBSE 10th examinations conducted on March 2018. The board is likely to declare the MP Board 10th Result 2018 on May. The entire details of the result announcement and its related information are provided here for the people like you. You may continue reading this post to get complete overview of the results of the MPBSE.Looking for the NEET answer key for the year 2018?? Soon CBSE is going to release the official NEET 2018 result in the online website. Check out the complete details of the official answer key and more from below.Good news for the students completed writing their 10th examinations in the Rajasthan state. The secondary education board of the state is all set to declare RBSE 10th Result 2018 very soon.Jawaharlal Nehru Technological University Hyderabad in association with TSCHE will release the TS EAMCET Results 2018 on May. Here are the complete details about the result date, all the important dates, procedure to check the Telangana EAMCET results 2018, various websites that help the candidates to view their rank card or result, counselling dates or schedule etc. West Bengal 10th exams were completed successfully on March and following that the WBBSE is likely to announce the results of the same on May 2018. Read all the information related to the WB Madhyamik Result 2018 provided here such as the date and time of announcement of 10th results in West Bengal, procedure to view the marks and all its related details.As you are here, you would be looking for 10th results of Bihar state. If so, candidates will have to wait few more days. Bihar board is going to publish the Bihar Board 10th Result 2018 in the BSEB official website on June 2018 tentatively. Contenders of the Bihar 10th examinations can get the complete information regarding the examination and the results here in this article.Board of Intermediate Education, Telangana is all set to declare the intermediate results for the academic year 2017-18. The exams have been recently completed and students have been waiting for the TS intermediate results 2018 since long time. You have a glance at the detailed update on the results here. Keep reading the article for more information.Hello students, are you in search of the HSLC exam results?? Then, this is the right place for you to get all the information related to it. SEBA the official board for conducting the HSLC exams is going to release the Assam HSLC Result shortly and the details of it are here.BSEB is going to announce the long waited 12th results soon for the academic year 2017-18. This article will give you the full update regarding the Bihar board 12th result 2018 and all about it. Students searching for the same on the internet can take the reference of this post and this can help you get the answers for all your queries regarding BSEB 12th exams and results. So, read this and obtain the all the latest information.
  13. monika | May 05, 2018
    This is really a nice and informative, containing all information and also has a great impact on the new technology. Thanks for sharing itDETECTIVES GRANADA
  14. yaoxuemei | May 04, 2018
  15. Delhi Escorts | May 04, 2018
    Call Now +91-9953430422,Everyone Guys And Gentlemen If You Are Searching Beautiful Busty Sexy Sizzling Young And Matured House Wife Get Full XXX Sex In Own Flat And Your Flat Booking Short Time Relation And Night Time Relation Booking Any Time Any Where Service Take To Me In Call And Out Call All Delhi NCR.Delhi escort
  16. Uali20 | Apr 28, 2018
    Thank you very much for this useful article. I like it.Avengers Infinity War Soundtrack
  17. sami | Apr 26, 2018
    thanks this is good blog.AGENCIA DETECTIVES PRIVADOS
  18. ESR - Agence de Communication | Apr 25, 2018
  19. uali20 | Apr 18, 2018
    I am happy to find this post very useful for me, as it contains lot of information. I always prefer to read the quality content and this thing I found in you post. Thanks for sharing.AGENCIA DETECTIVES MADRID
  20. delhidreamdivas | Apr 17, 2018

    Really impressive post. I read it whole and going to share it with my social circles. I enjoyed your article and planning to rewrite it on my own blog  delhi escorts

  21. uali20 | Apr 16, 2018
    Fantastic blog you have here. You’ll discover me looking at your stuff often. Saved!DETECTIVES EN LERIDA
  22. Julie Watson | Apr 14, 2018
  23. uali20 | Apr 12, 2018
    Its a great pleasure reading your post.Its full of information I am looking for and I love to post a comment that "The content of your post is awesome" Great electric shaver
  24. | Apr 10, 2018
    Thank you for sharing this is awesome blog   thanks a lot for giving me this great opportunity to write on this.please visit our website I assure you that it will be very useful for you Aolmail signup  
  25. robo | Apr 09, 2018
    I wanted to thank you for this excellent read!! I definitely loved every little bit of it. I have you bookmarked your site to check out the new stuff you post.armed security companies in Hallandale, FL
  26. ravi | Apr 06, 2018
  27. Uali20 | Apr 06, 2018
    Hi there! Nice stuff, do keep me posted when you post again something like this!Freight Forwarding
  28. rahul | Apr 06, 2018
  29. uali20 | Mar 26, 2018
    This was really an interesting topic and I kinda agree with what you have mentioned here!Flowers for Mothers Day
  30. TINA | Mar 23, 2018
    This is my first opportunity to visit this site. I found some entrancing things and I will apply to the advance of my blog. A dedication of appreciation is all around to share solid information.  Escort Girls in Delhi Escorts Service in Delhi Delhi Escort Girls Escort in Delhi     Russian Escorts in Delhi Escorts Agency in Delhi Blonde Escorts in Delhi Independent Escort Girls in Delhi
  31. Taniyakhan | Mar 22, 2018
    I really enjoyed reading your article. I found this as an informative and interesting post, so I think it is very useful and knowledgeable. I would like to thank you for the effort you have made in writing this article. Delhi Escort Girls Escort in Dehradun Russian Escorts in Delhi Hot Service Escorts Delhi Vip Delhi Agency Escorts
  32. uali20 | Mar 21, 2018
    i am for the first time here. I found this board and I in finding It truly helpful & it helped me out a lot. I hope to present something back and help others such as you helped me.Detectives privados Madrid
  33. uali20 | Mar 20, 2018
    Notre studio de création graphique situé dans l'Essonne 91 et Paris, conçoit vos projets de communication graphique ou publicitaire, quel que soit le support de diffusion. Création et design graphique : conception de projets visuels, identité visuelle, charte graphique, logotype, supports publicitaires imprimés ou en ligne, design et packaging produit, effets spéciaux, retouche et traitement de l'image, prise de vue, objet, signalétique.Graphiste 91
  34. assignment writing services Online | Mar 19, 2018
    assignment writing services Online Stomach overweight is a run of the mill inconvenience for the two men and women. Wretchedly, it is never certain inconvenience that one believes that its less requesting to arrange Super fit expert ampere fortune that we age.
  35. uali20 | Mar 19, 2018
    I admit, I have not been on this web page in a long time... however it was another joy to see It is such an important topic and ignored by so many, even professionals. professionals. I thank you to help making people more aware of possible issues.visit blog
  36. robert | Mar 14, 2018
    Very useful post. This is my first time i visit here. I found so many interesting stuff in your blog especially its discussion. Really its great article. Keep it up.detectives en las rozas
  37. uali20 | Mar 13, 2018
    Thanks for sharing this useful hybrid smartwatch 2018
  38. uali20 | Mar 12, 2018
    Conseiller et orienter nos clients, apporter des solutions innovantes afin de valoriser votre image, mettre en place des actions de communication adaptées, c’est ce à quoi nous tentons de répondre pour soutenir votre activité.Video Paris
  39. uali20 | Mar 10, 2018
    Your website is really cool and this is a great inspiring article.Detectives galicia
  40. uali20 | Mar 09, 2018
    Great post I would like to thank you for the efforts you have made in writing this interesting and knowledgeable article.Pembroke Pines Car Equity Loans
  41. uali20 | Mar 08, 2018
    Thanks for sharing this quality information with us. I really enjoyed reading. Will surely going to share this URL with my friends.Miami Title Loans
  42. uali20 | Mar 05, 2018
    Fantastic blog you have here. You’ll discover me looking at your stuff often. Saved!sbobet88888
  43. Taniyakhan | Mar 03, 2018
    I personally like your post; you have shared good insights and experiences. Keep it up. Independent Escorts Service in Gurgaon
  44. robert | Mar 01, 2018
    Thank you again for all the knowledge you distribute,Good post. I was very interested in the article, it's quite inspiring I should admit. I like visiting you site since I always come across interesting articles like this one.Great Job, I greatly appreciate that.Do Keep sharing! Regards,detectives privados Madrid
  45. robert | Feb 26, 2018
    Your website is really cool and this is a great inspiring article.Detectives Madrid
  46. uali20 | Feb 16, 2018
    I think this is one of the most significant information for me. And i’m glad reading your article. But should remark on some general things, The web site style is perfect, the articles is really great : D. Good job, cheersDetectives privados
  47. uali20 | Feb 09, 2018
    Marquage de vehicule Essonne, Paris, fabrication et pose de publicité sur votre véhicule utilitaire ou voiture. pub voiture, flocage voiture, covering, stickers Autocollant Voiture Paris
  48. uali20 | Feb 05, 2018
    10 kva generatorThank you for taking the time to publish this information very useful!
  49. uali20 | Jan 27, 2018
    I really appreciate this wonderful post that you have provided for us. I assure this would be beneficial for most of the
  50. uali20 | Jan 26, 2018
    best san diego cateringThanks for the post and great tips..even I also think that hard work is the most important aspect of getting success..

    Leave a comment


    This post may include "forward-looking statements" including, without limitation, statements regarding CoStar's expectations or beliefs, which are based on our current beliefs and various assumptions concerning future events and circumstances that are subject to change.  Actual results and events may ultimately be materially different.  All forward-looking statements are based on information available on the date published, and we assume no obligation to update these statements.  You should not construe this post as investment, tax, accounting or legal advice.