Posted Jan 15, 2021, 6:26 AM
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Moderator
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Join Date: Jan 2009
Location: 360, St. Edwards
Posts: 12,346
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Canyon Partners JV Invests in Austin OZ Multifamily Project
Quote:
Canyon Partners Real Estate LLC, the investing arm of Canyon Partners, an alternative asset manager with more than $26 billion in assets under management, has formed a joint venture with Cypress Real Estate Advisors Inc. for the ground-up development of a 263-unit, mid-rise multifamily community in Austin, Texas.
Canyon invested $23.9 million of equity in the project, which is located in a qualified opportunity zone, and broke ground in December 2020.
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