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anyon Partners Real Estate LLC has provided a preferred equity investment in a joint venture with Gilbane Development Company for the development of Aer, a 375-unit Class A multifamily project in Austin's South Lamar submarket. The project is situated approximately three miles south of downtown Austin along South Lamar Boulevard, offering direct access to retail and restaurant amenities, parks, and hiking trails.

    The location also provides seamless connectivity throughout the city and surrounding suburbs via major highways. "Aer represents a unique development opportunity in Austin's South Lamar submarket, where strong demand meets limited new supply," said Adam Moore, Vice President of Development at Gilbane. "We're excited to partner with Canyon to develop the first eight-story podium building on South Lamar."

    This investment marks Canyon's fourth project in the Austin area over the past five years and continues its active presence in Texas real estate development. With a strong track record of investing in primary and secondary markets across the US, Canyon has capitalized approximately $2 billion of total projects in Texas since its inception.

    Canyon Partners Real Estate LLC is the real estate direct investing arm of global alternative asset manager Canyon Partners, LLC, with over 30 years of experience and a broad menu of investment capabilities. Gilbane Development Company is the real estate development, financing, and ownership arm of Gilbane, Inc., with over $8.5 billion in development and more than 25,000 units of housing completed or underway.