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Turner Impact Capital buys class B community in Las Vegas


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Turner Impact Capital buys class B community in Las Vegas

Real estate investment firm Turner Impact Capital LLC bought a 350-unit class B community in Las Vegas, from Jackson Square Properties LLC for $52 million, Multi-Housing News reported, citing Yardi Matrix data.

Portola del Sol is a 26-building community at 1915 Simmons St., with one- to three-bedroom units and floorplans between 621 and 1,104 square feet. It has a fitness center, swimming pool, playground and picnic area. The asset was 95.1% occupied in October, per Yardi Matrix data.

Walker & Dunlop provided acquisition financing to Turner through Federal National Mortgage Association, also known as Fannie Mae, according to public records.