CJUFCanyon-Johnson Urban Fund
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The size of CJUF III will help achieve the Canyon-Johnson vision to create an urban landscape that encompasses the residential, retail and entertainment amenities that are so abundant in suburban communities, providing confidence, economic prosperity and a safe and healthy place to live for urban residents.
The market fundamentals are currently very strong for retail investments in Miami, and the Fontainebleau project fits directly into our urban retail strategy," said CJUF Principal Jonathan Roth.
We are also excited to partner with such an experienced local developer - Forestar has a long track record of developing successful projects," said CJUF Managing Director Neville Rhone, who is responsible for Texas investments.
The Roosevelt Collection fits squarely with CJUF's investing goals to create value in dense urban communities," said CJUF Managing Partner Bobby Turner.
We are proud to make the first of what we anticipate will be many investments in the Houston area," said CJUF Managing Partner Bobby Turner.
We appreciate the support of the City of Montclair to move this important project forward," said CJUF partner Earvin "Magic" Johnson.
We couldn't have found a better project or partner to launch Canyon-Johnson's second urban fund," said CJUF Managing Partner Bobby Turner.
Canyon-Johnson is all about creating opportunities in urban America," said CJUF Partner Earvin "Magic" Johnson.
Based in Los Angeles, CJUF is one of the largest private real estate funds focused on the development and repositioning of urban properties in the United States.
CJUF has been active in Texas for many years, and we are excited to make our first investment in the Dallas residential market," said CJUF Managing Partner Bobby Turner.
The partnership between CJUF, the joint venture between Canyon Capital Realty Advisors and an affiliate of Magic Johnson Enterprises, and McCaffery Interests is uniquely qualified to execute the vision for the property, as each firm has a history of development in the Chicago region and a strong track record of stabilizing and revitalizing communities and projects.
CJUF intends to market and sell the residential units as condominiums and lease and sell the property's ground floor retail space.