The affordable housing company has gone through a rapid expansion in the last two years, building a portfolio of 8,000 low-income housing units.

The firm is set to begin construction on a 105,000 SF development atop a DC building; serving as the city's first commercial office property to utilize mass timber construction.

Cushman & Wakefield has hired Michael Movshovich, formerly of CBRE, as executive managing director to lead its new Alternative Investment Advisory Group in New York, a division managing leasing and operations for clients that include hedge funds and private equity firms.

This investment marks Canyon's third joint venture equity investment into opportunity zones, and second investment in partnership with Fore.