Inaugural fund attracts more than 180 investors, exceeding initial target and underscoring growing demand for mission-driven housing investments.

NewPoint Impact Fund I (“the Fund”) has successfully closed with $348 million of equity commitments, surpassing its original target range of $250–$275 million. The oversubscribed credit fund, which is the first offering co-sponsored by the joint venture between NewPoint Real Estate Capital (“NewPoint”) and Morgan Properties, attracted commitments from more than 180 institutional and individual investors across the United States.

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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.

Scaling Capital and Expanding Access

“We are grateful for the confidence shown by our investors in this inaugural fund,” said Jason Morgan, Co-President of Morgan Properties. “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.”

“The success of the Fund reflects the power of our platform,” said Michael Comparato, CEO of NewPoint and President of Franklin BSP Realty Trust (“FBRT”). “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.”

“Our collaboration with Morgan Properties reflects NewPoint’s long-standing commitment to addressing the nation’s housing affordability crisis,” said Robert Wrzosek, President of Affordable Strategies at NewPoint. “We’re proud to build a platform that unites investors, operators, and developers in delivering housing that is both high-quality and accessible.”

About NewPoint Real Estate Capital

NewPoint Real Estate Capital LLC (“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 firm leverages technology, data, capital, and the expertise of its industry-leading team to provide loan origination, servicing, execution, and a suite of financing products to meet the evolving needs of borrowers. In addition to being a Fannie Mae DUS^®, Freddie Mac Optigo^®, and FHA/HUD MAP and LEAN lender, NewPoint also offers proprietary affordable housing financing. NewPoint Real Estate Capital is owned by Franklin BSP Realty Trust (“FBRT”). FBRT is externally managed by Benefit Street Partners L.L.C., a wholly owned subsidiary of Franklin Resources, Inc. (Franklin Templeton) which is one of the world’s largest independent investment managers with $1.6 trillion in total assets under management. NewPoint Real Estate Investment Management LLC is an investment adviser registered with the Securities and Exchange Commission.

About Morgan Properties

Established in 1985 by Mitchell Morgan, Morgan Properties is a national real estate investment and management company headquartered in Conshohocken, Pennsylvania, with a corporate office in Rochester, New York. Jonathan and Jason Morgan represent the next-generation leaders growing the platform and overseeing business operations. Morgan Properties and its affiliates pursue a diversified investment strategy focusing on multifamily common equity, commercial mortgage-backed securities, preferred equity, and whole loans. 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. Additionally, the company has made investments in commercial mortgage-backed securities backed by over $40 billion in multifamily loans. With over 2,500 employees, Morgan Properties prides itself on its quick decision-making capabilities, strong capital relationships, and proven operational expertise. For more information, please visit www.morgan-properties.com.

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