LEO Impact Capital Releases 2025 Impact Report, Highlighting Growth of Its Scalable Workforce Housing Investment Platform
New report details how measurable resident impact drives durable performance across LEO’s expanding portfolio.
BETHESDA, Md. — LEO Impact Capital, which acquires and operates multifamily housing in high impact neighborhoods to maintain affordability for the market’s “missing middle,” has released its 2025 Impact Report. The report highlights a defining year of impact, portfolio growth, and continued execution on LEO’s strategy to unlock access to opportunity for residents while generating competitive, non-concessionary returns for investors.
The 2025 report comes at a time of persistent affordability pressure on many U.S. households, including the “missing middle” households LEO serves: everyday working renters who earn too much to qualify for assistance but increasingly struggle to afford rent. According to research by the Joint Center for Housing Studies of Harvard University, nearly half of renters earning $45,000 to $74,999 spend 30% or more of their income on housing, and even renters earning above $75,000 are seeing cost burdens rise.
“2025 was a pivotal year for LEO Impact Capital. We launched the LEO Impact Housing Fund and expanded beyond the Washington, D.C. region for the first time with the acquisition of Sharon Crossing in Charlotte, North Carolina,” said Brian Allan ‘AJ’ Jackson, President of LEO Impact Capital. “These milestones represent real progress toward our founding objective: building a scalable, replicable platform for investing private capital to generate non-concessionary returns alongside measurable impact.”
Key highlights from the 2025 Impact Report include:
- Growing portfolio scale: LEO operated a total of 3,280 units in high impact neighborhoods across 11 communities during 2025, including 262 units added to the portfolio during the year.
- Resident affordability: On average, residents across LEO’s portfolio saved $278 per month compared to market rents. Low-income LEO renters (60% of Area Median Income or less) saved an average total of $4,164 last year, while moderate-income LEO renters (80% of Area Median Income or less) saved an average total of $1,536.
- Housing stability and community connection: Resident turnover across LEO’s portfolio was 25% in 2025, compared with the national average of 42%. LEO communities hosted more than 260 resident engagement events during 2025.
- Improved financial resilience: Through LEO’s partnership with Esusu, 60% of LEO residents improved their credit score in 2025, with an average improvement of 34 points. More than 100 residents established a credit score for the first time.
The 2025 Impact Report reflects LEO’s evidence-based Impact Framework, which is designed to enhance the lives of residents and the performance of investments by driving affordability, economic opportunity, and equity with transparency. The report details how LEO’s resident-centered operating practices are designed to foster community and strengthen long-term economic mobility.
“At LEO, we believe impact is a driver of performance, not a concession,” Jackson said. “When residents are stably housed in flourishing communities, they build credit, renew leases, and develop relationships with their neighbors. That upward momentum strengthens the performance of the properties themselves in a self-reinforcing cycle.”
The report also highlights LEO’s acquisition of Sharon Crossing, a 144-unit, garden-style community in Charlotte, North Carolina. The acquisition marked the inaugural investment from the newly launched LEO Impact Housing Fund and LEO’s first transaction outside the greater Washington, D.C. region. LEO has committed to maintaining at least 65% of the units at Sharon Crossing at rent levels affordable for households earning 80% of Area Median Income or less.
As part of the acquisition, LEO partnered with the Lotus Campaign, a Charlotte-based nonprofit that uses philanthropic capital to open access to existing market-rate housing for individuals and families experiencing homelessness. Up to 30 units, roughly 20% of the Sharon Crossing community, are reserved for Lotus clients.
“Our partnership with LEO Impact Capital at Sharon Crossing represents an important model for combatting homelessness — one that provides stable housing combined with supportive services,” said Beth Silverman, Co-Founder and Executive Director of the Lotus Campaign.
The full 2025 Impact Report is available here.
About LEO Impact Capital
LEO Impact Capital unlocks access to opportunity by acquiring and operating multifamily housing in high impact neighborhoods to maintain affordability for the market’s “missing middle” — everyday working renters who earn too much to qualify for assistance but increasingly struggle to afford rent. Across its portfolio, LEO served more than 3,200 households in 11 communities during 2025.
Guided by its evidence-based Impact Framework, LEO drives long-term economic mobility for residents alongside competitive, non-concessionary returns for investors, at scale and without federal subsidies.
LEO Impact Capital is a subsidiary of JBG SMITH (NYSE: JBGS), a publicly traded real estate owner and operator. More information can be found at www.leoic.com.
Media Contact:
George Spencer, Totus Strategies
george@totus-strategies.com