Canyon Partners and Anthem Properties invest in Sacramento multifamily OZ project 

Canyon Partners Real Estate in its joint venture with Anthem Properties for the ground-up development of a 153-unit, mid-rise multifamily project with 10,000 square feet of retail space, located in Sacramento. Canyon is investing $18.8 million of equity in this development, which is located in a qualified opportunity zone. The project will commence construction immediately and is expected to achieve completion in the spring of 2023. The joint venture also simultaneously closed on a $39.6 million construction loan from HSBC Bank. 

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 SacRTâ€