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CHICAGO-Canyon Capital Realty Advisors has brought on Richard D. Holly to identify and oversee investment opportunities in the firm’s Midwest and mountain regions. The Los Angeles-based investment advisor and money management firm has hired Holly as managing director to work from its Chicago office. Holly brings 18 years of real estate experience, and most recently worked as VP for JMB Realty Corp., where he identified national debt and equity opportunities.

“We are thrilled to bring on a new member to the Canyon team with such a depth of quality investment experience in the commercial real estate markets,” Canyon Managing Partner Bobby Turner says. “Richard has originated and managed an incredible volume of deals throughout his career and delivered tremendous results. His history of success in this industry in addition to his unique ability to lead, will serve as key assets for Canyon as we move forward.”

Previous to working for JMB, Holly served as SVP and Midwest regional manager for Countrywide Capital Markets in Chicago, where he originated, structured and managed commercial mortgage backed securities, mezzanine debt and preferred equity investments. He has also worked at KeyBank as its Private Equity Group director, managing the Central Region and identifying mezzanine and equity opportunities.

“We have significant experience in Chicago and the Midwest and mountain areas, and see more opportunity ahead,” Turner says. “Richard will help complement our efforts by working out of the firm’s office in Chicago and by helping us deploy nearly $1.5 billion of capital we have available for real estate investments.”

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