Canyon-Johnson Urban Communities Fund
Canyon-Johnson Urban Communities Fund, a partnership between Canyon Capital Realty Advisors and Earvin "Magic" Johnson, will focus on acquiring, improving and greening residential rental and mixed-use properties in urban communities across America. The new fund will bring together a leadership team distinguished by its deep experience in urban investment and real estate. Former California State Treasurer, Phil Angelides, has joined Canyon as a Principal and as Chairman of the newly-created Canyon-Johnson Communities Fund. Angelides has earned a national reputation over the last 30 years in both the private and public sectors for his pioneering work in urban reinvestment, housing, green investment and smart growth.
In keeping with the long standing commitments of Johnson, Canyon and Angelides, the fund will focus on the "triple bottom line" of achieving successful financial results, fostering opportunities for underserved urban neighborhoods and their residents, and embracing environmental responsibility. The fund will enrich the living experience for residents with initiatives such as educational opportunities for children residing in the properties and public safety programs to ensure a secure living environment.
