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.
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