NewPoint Impact Fund I has completed its final close with $348 million in equity commitments, surpassing its original target range of $250 million to $275 million. The inaugural fund, co-sponsored by NewPoint Real Estate Capital and Morgan Properties, attracted participation from more than 180 institutional and individual investors across the United States, indicating strong investor interest in mission-driven housing investments.
The Fund leverages the complementary strengths of NewPoint’s national multifamily lending platform and affordable housing expertise with Morgan Properties’ operational scale, underwriting capabilities, and extensive ownership experience. Its structure combines agency-guaranteed debt with private investment flexibility, offering developers access to lower-cost capital and faster execution. At the same time, investors gain exposure to attractive, tax-efficient returns tied to the preservation of affordable housing.
As of September 30, 2025, the Fund had deployed approximately $600 million in municipal bonds across 17 transactions, supporting the creation and preservation of nearly 3,200 affordable housing units nationwide. This approach represents a growing trend in public-private collaboration aimed at addressing the country’s shortage of affordable housing.
Founded on a mission to scale capital efficiently and expand access to affordable housing, the partnership between NewPoint and Morgan Properties blends institutional-grade investment rigor with a social impact focus. The firms anticipate continued demand for their model, which unites investors, operators, and developers under a shared goal of building sustainable and accessible communities.
NewPoint Real Estate Capital is a commercial real estate finance firm that provides lending solutions across multifamily, affordable housing, senior housing, healthcare, and manufactured housing nationwide. The firm operates as a Fannie Mae DUS, Freddie Mac Optigo, and FHA/HUD lender, with additional proprietary financing programs. It is owned by Franklin BSP Realty Trust, managed by Benefit Street Partners, a subsidiary of Franklin Templeton.
Morgan Properties, established in 1985 and headquartered in Conshohocken, Pennsylvania, is one of the largest multifamily owners and operators in the U.S., with more than 100,000 units across 400 communities in 22 states. Led by Jonathan and Jason Morgan, the firm has diversified its portfolio through investments in equity, preferred equity, and mortgage-backed securities.
KEY QUOTES:
“We are grateful for the confidence shown by our investors in this inaugural fund. Exceeding our fundraising target and welcoming more than 180 investors underscores the strength of our partnership with NewPoint and the conviction behind our strategy to finance and preserve affordable housing nationwide.”
Jason Morgan, Co-President of Morgan Properties
“The success of the Fund reflects the power of our platform. Through FBRT’s institutional approach, NewPoint’s affordable expertise, and Morgan Properties’ ownership scale and experience, we are able to invest at scale while targeting strong financial returns and measurable community outcomes.”
Michael Comparato, CEO of NewPoint and President of Franklin BSP Realty Trust (FBRT)
“Our collaboration with Morgan Properties reflects NewPoint’s long-standing commitment to addressing the nation’s housing affordability crisis. We’re proud to build a platform that unites investors, operators, and developers in delivering housing that is both high-quality and accessible.”
Robert Wrzosek, President of Affordable Strategies at NewPoint
