Daily Archives April 16, 2019

What’s Turner Impact Doing in Maryland?

Robert Turner, Turner Impact Capital

Turner Impact Capital has acquired the Regency Pointe apartments, a 599-unit community in Forestville, Md., from a joint venture between Angelo, Gordon & Co. and The Donaldson Group L.L.C. for $56 million.

Transwestern’s Mid-Atlantic Multifamily Group brokered the sale on behalf of the seller.

“This property right outside Washington, D.C., in Prince George’s County, Maryland, meets all of our investment criteria,” Robert Turner, Turner Impact Capital’s CEO, told Commercial Property Executive. “I summarize those criteria as ‘the four D’s.’ First is density—having 350,000 or more residents in a 3-5 mile radius around the property. Second is diversity, with a resident population that is 50 percent or more ethnically diverse...

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