The Canyon Johnson Urban Funds Story
A series of joint ventures between Canyon Capital Realty Advisors and Earvin "Magic" Johnson, the Canyon-Johnson Urban Funds ("CJUF") were formed to identify, enhance and capture value through the development and redevelopment of real estate in densely populated, ethnically-diverse urban communities. These investments have encompassed a diverse mix of property types including retail, office, residential, mixed-use, hospitality, commercial and industrial in a wide array of urban markets including Atlanta, Austin, Baltimore, Boston, Chicago, Cleveland, Houston, Las Vegas, Los Angeles, Miami, Milwaukee, Nashville, New York, San Diego, and Washington DC. CJUF's investment structures have been equally diverse, including equity, preferred equity, and mezzanine debt.
Fundamental to Canyon-Johnson's investment thesis is its commitment to a "triple bottom line" philosophy of achieving superior financial results, fostering opportunities within urban communities, and embracing environmental responsibility. This commitment to the triple bottom line is evident in Canyon-Johnson's track record:
Financial Returns: Canyon-Johnson has deployed or committed nearly $1 billion in capital, generating superior risk-adjusted returns for its investors
Community Returns: Canyon-Johnson's investments to date have been responsible for nearly $4 billion of urban revitalization, the creation of over 11,000 construction jobs and 5,000 permanent jobs, and the construction of more than 6,200 workforce housing units and 4.5 million square feet of community-serving retail and commercial space.
Environmental Returns: Canyon-Johnson has facilitated in excess of $2 billion of environmentally responsible investments, including more than $420 million of LEED certified buildings.
To learn more about why CJUF believes communities in urban America are attractive investment opportunities, click here.
