The project is centrally located at the intersection of 11th and J Streets in downtown Sacramento, within easy walking distance to the California State Capitol, Sacramento City Hall, and Downtown Commons. The transit-oriented development is also conveniently located near Cathedral Square Station on SacRT’s Blue Line, providing access to the greater Sacramento area. Project amenities will include a fitness center, courtyard, and a rooftop deck offering views of the Capitol building and surrounding city.
“Sacramento continues to attract new residents into what’s already one of the healthiest multifamily markets in the country,” says Riaan De Beer, Anthem’s Vice-President, Development. “Our new project in partnership with Canyon goes a long way towards satisfying the need for community-oriented developments that will make a lasting positive impact on the area.”
This investment marks Canyon’s seventh joint venture investing in qualified opportunity zones and brings Canyon’s real estate portfolio across debt and equity investments to approximately $6.1 billion of project capitalization.
About Canyon Partners Real Estate LLC
Founded in 1991, Canyon Partners Real Estate LLC® (“Canyon”) is the real estate direct investing arm of Canyon Partners, LLC, a global alternative asset manager with over $26 billion in assets under management. Over the last ten years, Canyon has invested more than $5.5 billion of debt and equity capital across approximately 200 transactions capitalizing…