The pandemic has catalyzed a wave of new investment opportunities in commercial mortgages. In the last six months, more than $6 billion in commercial mortgages have hit the market as lenders try to reposition and strengthen their balance sheets.

Canyon Partners Real Estate has responded to the opportunity. The firm has acquired a $314 million loan portfolio, a total of six loans that include multifamily, student housing, self-storage and senior living properties. Each has a floating rate with three-to-five year terms, an inclusive extension option and an average balance of $50 million. Canyon Partners was also attracted to the geographic diversity of the portfolio, which includes California, Colorado, Rhode Island, Texas and Tennessee. The portfolio has a mix of both stabilized assets and assets in lease-up.

This acquisition increases the company's unrealized real estate portfolio to $5.5 billion in project capitalizations.