CanAm is an integrated, multinational investment management firm that specializes in immigration-linked investment funds and private equity. With over three decades of experience, CanAm’s strategic approach to utilizing investor capital and managing risk has raised over $3 billion in private placement funds. Headquartered in New York City with offices in China, Vietnam, India, and Singapore, CanAm is proud to serve a domestic and international community of investors.
NEW YORK, NY – CanAm Enterprises is pleased to announce that its private equity affiliate, CanAm Capital Partners (CACP), has closed on its latest real estate investment in Florida. CACP has funded a $10 million mezzanine loan to an affiliate of Lloyd Jones, LLC for the construction of a 159-unit, highly-amenitized active adult and independent rental community development located on a 10-acre site in Port St. Lucie, FL. The property will operate under Lloyd Jones’ proprietary Aviva brand as Aviva, Port St. Lucie.
CanAm Enterprises is a leading full-service financial firm providing immigration-linked EB-5 investment funds and conventional financing to qualifying developments. The $10 million in capital invested for this project was reinvested from the company’s $350 million loan to Florida East Coast Industries’ Brightline rail project. The original loan was a key financing piece in the development of the high-speed passenger rail system in Florida. The redeployed capital will remain invested to meet EB-5 program requirements for investors impacted by immigration backlogs, while at the same time targeting investment opportunities that have the potential to generate attractive returns for clients.
Founded in 1980, Lloyd Jones, LLC is a nationally recognized real estate investment, development, and management firm with a niche focus on multifamily and senior housing, having developed 3,200 senior housing units and 2,400 multifamily units to date. Adapting to various economic cycles over the years, the company became a major asset manager for the FDIC and a prolific developer/manager of multifamily and senior communities. Since 1990, the firm has developed, owned, and/or managed approximately $1.2 billion in total assets.
“The Aviva Port St. Lucie project was an ideal fit for CanAm and our investors and in line with our conservative underwriting standards, “said John Reid, Director of Project Development at CACP. “In addition to our $10 million mezzanine loan, we have committed to fund $6 million of the third-party equity into the project. We believe the asset quality, location and the demand dynamics in the Port St. Lucie market to be truly compelling,” added Reid.
A private equity affiliate of CanAm Enterprises, CanAm Capital Partners (“CACP”) makes project-level capital investments in real estate and other assets. CACP’s investment strategy focuses on geographies and assets where CanAm has informational, operational, and other competitive advantages. CanAm identifies and partners with mid-sized and regional operators who are specialized by asset type and/or geography and have proven to be experts in their niche with the capacity and potential to successfully execute on their proposed projects, including multifamily apartments, commercial space, mixed-use buildings, hotels, and private equity funds. To date, CACP and its affiliates have funded $254 million of capital in almost 20 private equity real estate investments in major metropolitan areas of the U.S.