Canyon Partners Real Estate, a real estate direct investing arm of Canyon Partners, a global alternative asset manager, has launched its next multifamily impact fund, Canyon Multifamily Impact Fund IV. It is a new real estate platform with financing partner Santander Bank, a retail and commercial banker, that will acquire and manage approximately $100 million of workforce housing apartment communities throughout the Northeast U.S. markets, serving low-to-moderate income residents. The Canyon Multifamily Impact platform seeks to enhance multifamily properties by making material, long-term capital improvements and instituting social impact initiatives in low- and moderate-income communities across the United States.
Through this initiative, the platform promotes the implementation of resident programs with a variety of education, healthcare and community initiatives designed to benefit both residents and the communities in which they live and work. On-site programs often includ
