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California  + Los Angeles  + Student Housing  | 
The pnademic's impact on office markets is expected to be more subdued in 2022, says Cox Castle partner Andrew Ouvrier

Canyon Partners Bolsters Holdings with $314M Loan Portfolio Acquisition

Los Angeles-based Canyon Partners Real Estate LLC acquired a $314 million loan portfolio, comprising six senior mortgage loans secured by multifamily, student-housing, self-storage and senior living properties. The collateral properties are diversified across geographic markets including California, Colorado, Rhode Island, Texas and Tennessee, and include assets which are in lease-up as well as fully stabilized.

Canyon’s Robin Potts says, “Commercial real estate lenders have generally not been active sellers of mortgages since the last cycle, but since March 2020, we have seen over $6 billion of commercial mortgages come to the market for sale as lenders reposition their balance sheets and portfolios following COVID-19. Speed and certainty of execution are critical to capturing these opportunities.”

The senior loans are floating-rate with three- to five- year terms inclusive of extension options and feature an average loan balance of roughly $50 million.

The unnamed seller was represented by Eastdil Secured in this transaction.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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