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Canyon Capital Drops $64M in Southwest

LOS ANGELES—The investor invested funds for the development of four multifamily and mixed-use properties in Nevada and California during the fourth quarter 2015.

Canyon Capital is based in Los Angeles. Canyon Capital is based in Los Angeles.

LOS ANGELES—Canyon Capital spent $64 million in the Southwest region in the final quarter of 2015. The investor closed four transactions for multifamily and mixed-use properties in secondary markets in California and Nevada, including Studio City, Oxnard and Las Vegas

Canyon has been allocating capital to fund value-add repositioning and development projects, and all four of these investments fit into that strategy. According to the company, that strategy isn’t going to change in the coming year. “Canyon will continue to seek additional opportunities to invest in properties with compelling attributes—proximity to transportation, retail, leisure and commercial amenities—with high quality developers, operators and owners in this region as well as other U.S. markets with strong fundamentals,” a spokesperson for Canyon tells GlobeSt.com.

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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