Canyon Partners Real Estate LLC (“Canyon”) announced that it has provided a $47 million senior loan to a joint venture between affiliates of AEW Capital Management, L.P. (“AEW”) and REDICO to refinance American House Oak Park (the “Property”), a recently built 174-unit seven-story Class-A senior housing community located in the Oak Park neighborhood of Chicago, Illinois. The transaction was facilitated by Newmark.
American House Oak Park features a range of senior living options including 74 independent living units, 65 assisted living units, and 35 memory care units. The community addresses the growing needs of Oak Park and surrounding suburbs by providing high-quality housing and support services for its aging population. The Property features Class-A community amenities, including a rooftop lounge with city views, green roof terraces, various dining and fitness options, as well as a salon, game room, art studio, and cinema-style theater.
Canyon is actively expanding its deployment of bridge debt capital on commercial real estate assets in primary and secondary markets across the United States. Since its inception, Canyon has invested over $1.1 billion of debt and equity capital across 49 transactions, capitalizing $3.6 billion of total projects across all asset types in the Midwest.
Founded in 1991, Canyon Partners Real Estate LLC (“Canyon”) is the real estate direct investing arm of Canyon Partners, LLC, a global alternative asset manager with over $27 billion in assets under management. Over the last fifteen years, Canyon has invested over $7.8 billion of debt and equity capital across 271 transactions capitalizing approximately $28.0 billion of real estate assets, focusing on debt, value add, and opportunistic strategies. With 30+ years of experience, Canyon has established a broad menu of investment capabilities spanning property types, US regions, and project stages (including development, transitional, and distressed/workouts).
For over 40 years, AEW Capital Management, L.P. (AEW) has provided real estate investment management services to investors worldwide. As one of the world’s largest real estate investment advisors¹, AEW and its affiliates manage $83.9 billion in private real estate equity, debt and listed securities across North America, Europe and Asia (as of March 31, 2025). Grounded in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in both the public and private property markets and across the risk/return spectrum. AEW and its affiliates have offices in Boston, Los Angeles, Denver, London, Paris, Hong Kong, Seoul, Singapore, Sydney and Tokyo, as well as additional offices in eight European cities.
For over 50 years, REDICO, has been a national leader in the real estate industry. Headquartered in Southfield, Michigan, REDICO offers a diverse portfolio of services, including real estate development, investment, asset management, property management, capital partnering, and leasing. REDICO’s dedicated senior living operator, American House Senior Living, manages over 5,000 units across more than 60 communities.
