CJUFCanyon-Johnson Urban Fund
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Our improvements to the property are well underway, and it is shaping up to be one of the premier retail and residential venues in all of Chicago," said CJUF Managing Director Rich Holly.
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.
When we purchased the center in 2006, we made a commitment to invest in the Marq*E and position it for success for decades to come, and we have followed through on that promise," said CJUF Managing Partner Bobby Turner.
The Dylan is located within an infill area that will benefit from Dallas' healthy population and job growth," said CJUF Managing Director Neville Rhone.
Canyon Managing Director Rich Holly commented, "The City of Chicago continues to exhibit improving fundamentals and remains a target market for further CJUF investment.
CJUF intends to market and sell the residential units as condominiums and lease and sell the property's ground floor retail space.
CJUF is working closely with the original developer, Urban Realty Partners, to achieve the vision of revitalizing an underused historic property in the burgeoning Brooklyn Heights neighborhood.
Over the past decade, CJUF has provided capital for dozens of urban mixed use developments across the United States, including State Place, a condominium and retail center in the South Loop of Chicago; the development of One Hanson Place in Brooklyn's landmark Williamsburg Savings Bank Building; and the ground-up construction of Plaza Midtown, a high rise residential development with street-level retail in downtown Atlanta.
Fund III received commitments from a broad range of public and private pension funds, endowments, foundations and investment companies from throughout the nation, most of which participated in CJUF I and II.