The Impact Fund is a 2025 joint venture between NewPoint Real Estate Capital and Morgan Properties. The Fund Closed with $348 million of equity commitments, surpassing the original target range of $250-275 million.

The Fund combines NewPoint’s national multifamily lending platform and affordable housing expertise with Morgan Properties’ operational scale, credit underwriting, and ownership experience. By merging agency-guaranteed debt structures with private investment flexibility, the Fund aims to deliver a lower cost of capital and faster execution to developers while providing investors with the opportunity for attractive tax efficient returns. As of March 31, 2026, the Fund has 18 committed investments / $629.6M deployed or committed, supporting 3,385 affordable housing units across nine states.

Morgan Properties and its affiliates own and manage a multifamily portfolio comprising over 100,000 units across more than 400 communities in 22 states – The company is the third largest apartment owner in the country.

NewPoint is a prominent commercial real estate finance company delivering lending solutions to investors of multifamily, affordable housing, seniors housing, healthcare, and manufactured housing properties nationwide.

The Projected net, levered IRR is 15+% (mainly tax-exempt)