Bobby Turner Of Turner Impact Capital Acquires 378-Unit Multifamily Community In Houston

The property asset involved in this transaction is a multifamily apartment community located at 12806 Buffalo Speedway in Houston, TX. The asset consists of 378 units spread across 13.5 acres.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Units: 378
• Acres: 13.5
• Buyer: Bobby Turner - Turner Impact Capital
• Market: Houston, TX

Turner Impact Capital will preserve affordability at the Acova Brentwood apartment community through a tax exemption agreement with the Houston Housing Authority. This agreement includes rent restrictions on 189 units, with 152 designated for households earning up to 80% of AMI and 37 for those earning up to 60% of AMI.