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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. Through September 30, 2025, the Fund has deployed approximately $600 million in municipal bonds across 17 transactions, supporting the creation and preservation of nearly 3,200 affordable housing units nationwide.

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)

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