Canyon Partners Real Estate LLC (Los Angeles)


Canyon Partners Real Estate LLC is a large advisory firm based in Los Angeles. It manages $1.37 billion of regulatory assets for 18 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California and New York.

Canyon Partners Real Estate provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Canyon Partners Real Estate: assets under management

The assets under management (AUM) of Canyon Partners Real Estate LLC is $1.37 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -39% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.37 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $76.06 million each.
Canyon Partners Real Estate has custody of $1.37 billion in cash and securities for 18 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Canyon Partners Real Estate LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Canyon Partners Real Estate serves?

The firm provides services to insurance companies, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Canyon Partners Real Estate is pooled investment vehicles with 10 clients and $1.27 billion of assets under management. Among the 12 most similar advisory firms, Canyon Partners Real Estate has the 6th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.37 billion for 18 clients. None of the firm’s clients are foreign persons or businesses.

Canyon Partners Real Estate also advises several private funds. Namely, ten real estate funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.

Careers at Canyon Partners Real Estate LLC

The company employs 124 people that are either part- or full-time employees. 20 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
John Paul Plaga Cfo 1 Jul 1997 Other 4406087
The Joshua S. Friedman Family Limited Partnership Member 1 May 1998 25% - 50% 95-4687862
The Julis Family Limited Partnership Member 1 May 1998 25% - 50% 95-4687863
Mitchell Ralph Julis Managing partner 1 Dec 2001 Other 1223735
Joshua Stephan Friedman Managing partner 1 Dec 2001 Other 1315528
Douglas Anthony Anderson Chief compliance officer 1 Nov 2013 Other 5079532
Robin O Potts Co-head of real estate investmetns, director of acquisitions 1 Sep 2015 Other 4831491
Maria Stamolis Co-head of real estate investments, director of asset management 1 Sep 2015 Other 6561158

Indirect Owners

The SEC currently registers 10 indirect owners.

Name Entity Date acquired Ownership Employer ID
Linda Joleen Julis Gp of the julis family lp 1 May 1998 Other 4381744
Beth Cari Friedman Trustee 1 May 1998 Other 4381745
Joshua Stephan Friedman Trustee 1 May 1998 Other 1315528
Joshua S. Friedman Revocable Gp Trust Gp of the joshua s. friedman family lp 1 Aug 2004 Other 36-7476157
Beth C. Friedman Revocable Gp Trust Gp of the joshua s. friedman family lp 1 Aug 2004 Other 36-7476158
Joshua S. Friedman Lifetime Trust Lp of the joshua s. friedman family lp 1 Aug 2004 25% - 50% 36-7469541
Beth C. Friedman Lifetime Trust Lp of the joshua s. friedman family lp 1 Aug 2004 25% - 50% 36-7469541
Mitchell Ralph Julis Gp & lp of the julis family lp 1 Apr 2005 25% - 50% 1223735
Family Gst Trust Under Julis Family 2005 Irrevocable Trust Lp of the julis family lp 1 Apr 2005 25% - 50% 36-7445445
Joshua Stephan Friedman Trustee 1 Apr 2005 Other 1315528

Based in Los Angeles

The principal office where Canyon Partners Real Estate LLC performs its advisory services is located at 2000 Avenue Of The Stars, Los Angeles, CA 90067, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 310-272-1000 or by fax 310-272-1001. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at canyoncapital.com.