Turner Multifamily Impact Fund II Wins PREA Award for Sustainable Investing
Turner Multifamily Impact Fund II (TMIF II) has been honored with the 2023 Closed-End Fund ESG Award from the Pension Real Estate Association (PREA), highlighting the Fund’s success in creating a scalable and sustainable solution to preserve thousands of units of affordable workforce housing while delivering strong market-rate returns for investors.
- Turner Multifamily Impact Fund II (TMIF II) has been honored with the 2023 Closed-End Fund ESG Award from the Pension Real Estate Association (PREA), highlighting the Fund’s success in creating a scalable and sustainable solution to preserve thousands of units of affordable workforce housing while delivering strong market-rate returns for investors.
- The competitive award recognizes PREA members at the forefront of socially and environmentally responsible investing and showcases best practices in the field.
- “Turner Impact Capital is deeply grateful to PREA for recognizing the remarkable power of impact investing to improve lives and create positive environmental outcomes, without sacrificing investment performance,” said Bobby Turner, CEO of Turner Impact Capital.
- In 2022, PREA awarded its inaugural Social Impact ESG Award to the firm’s first workforce housing fund, Turner Multifamily Impact Fund I, which generated in excess of 25 percent annualized returns for its investors.