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Pref equity & mezz

Canyon Partners Real Estate

Canyon Partners Real Estate is the direct real estate platform of Canyon Partners, an investment manager that also runs corporate credit, structured credit and CLO strategies. It invests as lender, owner and operator across US commercial real estate, spanning performing and non-performing loans, mezzanine debt, preferred equity, joint venture equity including Opportunity Zone JV equity, market-rate multifamily and affordable or workforce housing.

Financing enquiries are submitted through the real estate strategies page. The platform also runs a joint venture emerging manager programme with the California Public Employees' Retirement System (CalPERS), and includes an affiliated joint advisor, AECOM-Canyon Partners Real Estate Fund Advisors LLC.

Canyon was founded in 1990, began investing in real estate in 1991, registered with the SEC as an investment adviser in 1994 and launched its first commingled real estate debt strategy in 2016. The firm reports more than 200 professionals and $29+ bn in assets under management, with offices in Los Angeles, New York, Dallas, London, Hong Kong and Tokyo. Its real estate track record, covering investments closed over the trailing 15-year period through March 31, 2026, is shown as 278 direct real estate transactions, $7.9 bn of debt and equity capital invested and $24.6 bn of total capitalisation.

The count of dedicated real estate investment professionals differs between the strategies page and its own meta description, and the track record is presented with the qualification that it includes investments made on behalf of an affiliate entity. Canyon says the full track record is available on request; minimum check sizes are not published, so ask for both.

Best for

Developers and owners of commercial property seeking institutional mezzanine, preferred equity, joint venture equity or loan capital; not a source of small-balance debt, and minimum check sizes are not published.

What they do

  • Commercial real estate lending
  • Mezzanine debt
  • Preferred equity
  • Joint venture equity
  • Opportunity Zone JV equity
  • Performing and non-performing loan investments
  • Market-rate multifamily investment
  • Affordable and workforce housing investment

Details

AttributeValue
Founded1990
Team size201-500 employees
OfficesLos Angeles, CA, New York, NY, Dallas, TX, London, UK
LicensesRegistered with the SEC as an investment adviser

What stands out

  • Founded in 1990 and registered with the SEC as an investment adviser in 1994.
  • Reports more than 200 professionals firmwide and $29+ bn in assets under management.
  • Reports 278 direct real estate transactions over the trailing 15-year period through March 31, 2026.
  • Reports $7.9 bn of debt and equity capital invested and $24.6 bn of total capitalisation of real estate assets.
  • Runs a joint venture emerging manager platform with CalPERS.