Santa Monica, California-based Turner Impact Capital has promoted four executives to help guide the firm's $6 billion housing and healthcare investment pipeline.
Turner Impact Capital has raised more than $2.1 billion in equity since its founding in 2014 to develop and acquire workforce housing, public charter schools and community-serving healthcare facilities, properties the firm says have traditionally seen limited institutional investment.
The promotions signal a leadership refresh at Turner Impact Capital, elevating internal executives to co‑lead its housing and healthcare businesses as the firm scales acquisitions, development, and portfolio management across both sectors, according to Turner Impact Capital Founder and Chief Executive Bobby Turner.
“Building durable solutions at scale requires disciplined execution and experienced leadership,” Turner said in a statement to CoStar News. “These promotions recognize the depth of talent within our organization and strengthen our ability to deliver strong financial performance.”
Turner Impact Capital invests like a profit‑seeking real estate firm — but with a mandate to deliver social outcomes in housing, healthcare, and education through institutional capital and public‑private partnerships, Turner said.
Over the past year, Turner Impact Capital has closed five workforce housing acquisitions totaling $291 million. It is also advancing a public‑private partnership in McKinney, Texas, that converts more than half of a 376‑unit community into income‑restricted housing for working families.
At the same time, the firm has opened three new healthcare facilities, moved nine additional projects through development, and teed up a $37 million urgent care and PACE center in San Diego set to open in 2026 to expand access for underserved patients.
Internal executive promotions
The firm promoted Brock Miller and Katie Winthrop to co-heads and managing directors of housing.
Miller will oversee multifamily acquisitions, including underwriting, transaction execution, due diligence, and asset management. Miller previously held roles at Greystar Real Estate Partners and Goldman Sachs before joining Turner Impact Capital in 2018, where he was most recently a director.
Winthrop leads asset management and operational strategy for the multifamily portfolio, overseeing performance and capital planning. Winthrop previously held investment roles at Cohen & Steers and Bank of America Merrill Lynch and joined Turner Impact Capital in 2020 as director of asset management.
Meanwhile, Turner Impact has named Logan Harper and Kate Hirsh as co-heads and managing directors of healthcare. Harper will oversee investment activity for the Turner Healthcare Facilities Fund, and Hirsh will lead development.
Harper brings a cross‑asset background spanning private equity and real assets, with prior roles at Pantheon Ventures and Citigroup. Harper joined Turner Impact Capital in 2018 and most recently served as a director.
Hirsh previously held senior roles at CIM Group, Beach City Capital, and Pacific Charter School Development. Hirsh joined the firm in 2022 and was most recently a director.
An active pipeline
Turner Impact Capital's Multifamily Impact Fund III has closed five apartment acquisitions over the past nine months totaling more than $291 million. Those deals added 1,971 units to the firm’s workforce housing portfolio.
Turner has partnered with Kalterra Capital Partners to convert half of the units at Kinstead McKinney, a 376‑unit complex outside Dallas, into income‑restricted housing for renters earning 30% to 80% of area median income.
On the healthcare front, the Turner Healthcare Facilities Fund II completed construction on three projects totaling about $82 million in the past six months.
Once stabilized, those facilities are expected to serve roughly 39,000 patients annually. At the same time, the fund advanced six more developments and committed capital to four new projects representing more than $250 million in combined costs.
This year, Turner plans to open a 73,000‑square‑foot urgent care and PACE elder care center in San Diego supporting San Ysidro Health. The project involves a $37 million acquisition and ground‑floor redevelopment aimed at expanding access to care for an underserved community.