SPECIAL REPORT: Making Money, Leaving Mark
Los Angeles Business Journal
March 21, 2016
Turner Impact Capital among firms finding positive returns, client response by investing in ventures that support social, environmental causes.
In the last few months, Santa Monica real estate investment firm Turner Impact Capital celebrated the launch of a Las Vegas charter school campus it helped build and snapped up two new apartment properties where it will offer affordable workforce housing.
While those projects might sound like the work of a nonprofit, they’re part of a growing market for impact investments, ones designed to generate positive social and environment effects along with financial returns.
Turner was founded in 2014 by former Canyon Capital Realty Advisors co-founder Bobby Turner, who realized about 15 years ago that there was an opportunity to generate a return by investing in the gap he saw between social needs and the amount of money being invested to try and solve them.