Careers

Turner Impact Capital is a mission-driven real estate private equity firm, investing capital to develop high-quality community-serving infrastructure that addresses society's most pressing challenges. The founding principals of the firm bring deep real estate investing experience and have collectively developed and managed over $12 billion in commercial real estate.

Our investment strategy delivers strong financial returns to our investors, while also improving access to critical services within traditionally under-served urban communities. Turner Impact Capital is currently investing under three strategies that positively impact access to education, workforce housing and healthcare, respectively.

Current employment opportunities are listed below. Please submit a cover letter and resume through the associated link.

The company is seeking an Assistant Controller/Senior Accountant to join its dynamic and growing corporate team in Los Angeles, CA to assist with various fund and management company accounting issues.

Responsibilities will include:

Turner Multifamily Impact Fund

  • Review monthly financials per the below review checklist for the properties, taxable REIT subsidiary and fund manager;
  • Assist with monthly variance analysis;
  • Audit various accounts disbursements for compliance with property management agreements, construction management agreements, cash control and capitalization policies;
  • Manage quarterly and annual loan compliance;
  • Assist with purchase price allocation process;
  • Assist with REIT and income tax issues;
  • Prepare taxable income estimates;
  • Act as liaison with Property Management accounting staff;
  • Document new policies and procedures;
  • Assist with quarterly annual fund reporting; and
  • Handle investor reporting issues.

Turner-Agassi Charter School Facilities Funds and Turner Healthcare Facilities Fund

  • Assist with loan compliance;
  • Handle investor reporting issues;
  • Assist with quarterly annual fund reporting;
  • Prepare taxable income estimates; and
  • Document new policies and procedures.

Turner Impact Capital

  • General ledger account analysis and budget variance reporting;
  • Assist with implementing various initiatives;
  • Perform cost center accounting;
  • Document allocation methods;
  • Yardi set up;
  • Data conversion;
  • Compile taxable income projections; and
  • Create and update book estimates for external accountants to convert to tax.

Applicants should have the following qualifications:

  • Bachelor’s degree in Accounting;
  • CPA preferred;
  • At least 5 years overall experience with at least 2 in real estate;
  • Excellent computer skills:  Excel, Word, Yardi, and Entrata; and
  • Excellent written and verbal skills.

The company is currently seeking an experienced Investment Associate or Senior Analyst to join the Turner Multifamily Impact Fund in Los Angeles, CA. The candidate will join a closely-knit team to actively assist in the origination, underwriting, financing, and management of multifamily assets throughout the country.

Responsibilities will include:

  • Assisting in the origination of new investment opportunities;
  • Analyzing and screening potential acquisition opportunities of individual assets and portfolios;
  • Building financial models that reflect complex capitalization and cash flow structures, running sensitivity and scenario analyses, and completing other ad hoc financial analyses;
  • Performing all aspects of due diligence, including market research, community needs and resource assessments, lease audits, budget reviews, business planning, and coordinating with third party consultants, lenders, and counsel in support of transaction closing;
  • Preparing internal investment memoranda and actively participating in internal review and approval processes;
  • Managing property operations and capital projects to the underwritten business plan and working closely with internal and external stakeholders, including property managers, contractors, consultants, community partners, and in-house accounting/finance team;
  • Preparing and updating periodic investment and portfolio-level reports; and
  • Measuring and managing targeted financial, social, and environmental metrics for impact.

Applicants should have the following qualifications:

  • Minimum of 3 years of experience underwriting and managing multifamily investments, preferably with real estate private equity, REIT, and/or real estate finance background;
    • Candidates will be required to take a financial modeling case study
  • Thorough understanding of multifamily leasing, operations, budgets, capital projects, and financing;
  • Strong quantitative skills and demonstrated analytical ability;
  • Strong oral and written presentation skills;
  • Meticulous attention to detail and ability to independently manage multiple projects simultaneously;
  • Proficiency in Excel, PowerPoint, and Word;
  • Bachelors’ degree required;
  • Passion for community and economic development; and
  • Additional certifications (e.g., LEED) and familiarity with affordable housing are preferred.

The company is currently seeking an Asset Manager to join the the Turner-Agassi Charter School Facilities Funds in Los Angeles, CA. The candidate will join a team to be responsible for the management of charter school assets that are operating or under development throughout the country.

Responsibilities will include:

  • Quarterly Tenant Operational and Financial Review:
    • Collecting, reviewing, and analyzing tenant operational, financial and social impact metrics to evaluate performance; and
    • Actively reviewing underwritten versus actual figures as they relate to tenant operations as reported in their financials.
  • Quarterly Investor Reporting:
    • Managing quarterly investor reporting process; this includes:
      • Using the Quarterly Tenant Operational and Financial Review to prepare and update the quarterly abstracts used to report to investors with help from Directors.
      • Working closely with the accounting and investor relations teams to project returns for investors and reporting projections; and
      • Assisting with responses to various investor requests as required.
    • Lease Administration:
      • Working with the accounting and finance team to ensure tenant compliance with leases, compliance with loan documents, and various construction/development agreements.
    • Debt Origination and Compliance:
      • Working as an active member in the loan origination process; participating on calls, helping collect diligence, coordinating requests from the lender, and closing project loans; and
      • Working with Accounting team to manage process related to loan draws and compliance.

Applicants should have the following qualifications:

  • Strong quantitative skills and at least two years of demonstrated asset management experience;
  • Strong oral and written presentation skills;
  • Meticulous attention to detail and ability to independently manage multiple projects simultaneously;
  • Superior proficiency in Excel, PowerPoint, and Word;
  • Passion for community and economic development;
  • Bachelors’ degree required; and
  • Experience in managing real estate assets, financial analysis and/or background in accounting required.