AECOM Capital, the investment arm of global infrastructure firm AECOM, and Canyon Partners, LLC, a global alternative asset management firm with over $24 billion in assets under management, today announced the establishment of AECOM-Canyon Partners, a joint venture focused on developing large-scale, institutional quality commercial real estate projects.

The new platform intends to provide joint venture equity across over $4 billion of assets with high quality development partners, primarily targeting “build-to-core” investments in the top 25 U.S. markets across all property types, including multifamily, mixed-use, office, hospitality, and condominiums. In addition to capital, the joint venture partnership is seeking to deliver best-in-class design, construction management, and engineering expertise as well as balance sheet support for its development partners.

“We are excited to expand our direct investing business through a partnership with Canyon, and we believe that this venture represents a truly unique combination of AECOM’s commercial real estate development expertise and Canyon’s 27 years of investment experience,” said Michael S. Burke, AECOM’s Chairman and Chief Executive Officer.

To read the full press release, click here.