Real Estate Veteran Richard Bosworth Joins Canyon Capital Realty Advisors as Senior Director

Executive Focuses on Hospitality Assets Nationwide
LOS ANGELES--(Business Wire)--
Canyon Capital Realty Advisors (CCRA) and its affiliates including the Canyon
Johnson Urban Funds (CJUF) announced today that real estate executive Richard
Bosworth has joined the company as Senior Director with responsibility for
Canyon`s hospitality holdings around the country. Bosworth, who brings nearly 30
years of experience to the position, will manage assets in the CCRA and CJUF
portfolios.

"Richard`s strong experience in hotel operational management, investments and
special servicing, combined with his ability to adapt to a changing market
environment, brings significant value to our team as we actively seek new
opportunities around the United States," said Canyon Managing Partner Bobby
Turner.

Since the mid-1990`s, Bosworth has been heavily involved in the bank workout
process and managing non-performing loans, many of which were assets originated
by failed S&Ls. After the travel industry downturn in 2001 and the subsequent
illiquid capital markets for hospitality finance, Bosworth assisted the five
top-rated Special Servicers with their non-performing hotel and casino loans,
participating in over 30 lender workouts.

Immediately prior to joining the Canyon team, Bosworth was President and founder
of the NTH Advisory Group, LLC, a development and advisory company specializing
in the casino, hotel and restaurant industries.

Bosworth also served as Chief Operating Officer of Bond Companies, a mixed-use
real estate development firm specializing in residential, commercial and retail
projects across the United States. CJUF and Bond partnered on the very
successful Sunset and Vine project several years ago. Before becoming COO,
Bosworth was Managing Partner and President of BCL Hospitality Advisory, LLC,
which provided consulting and investment-banking services for the hospitality
industry.

As Managing Director at Llama Capital Mortgage Company, a real estate finance
company wholly owned by Alice Walton, Bosworth was responsible for originating
and acquiring commercial real estate debt. He oversaw the firm`s investment
banking activities with an emphasis on hospitality transactions. Bosworth also
served as Vice President of Commercial Real Estate Lending and Hotel Investments
at Ocwen Financial, a $3 billion financial services company and Special
Servicer. There, he played an active role in identifying distressed hotel loans
as part of the company`s aggressive acquisition plan. Bosworth`s supervision of
hospitality investments enabled the bank to obtain the highest Special Servicer
rating possible.

Bosworth has also held several other hotel and restaurant operations management
positions at global organizations including Marriott Corporation, Servico Hotels
and Resorts and Tara Hotels. Over his career, the real estate executive has
received several national hospitality management awards from organizations
including the National Restaurant Association and the Hospitality Sales and
Marketing Association International. He was also awarded "General Manager of the
Year" in 1990 by the country`s largest hotel management company at the time.

About Canyon Capital Realty Advisors LLC

Canyon Capital Realty Advisors LLC and its affiliate Canyon Capital Advisors LLC
are registered investment advisors and money management firms based in Los
Angeles, Calif., with more than $15 billion of capital under management.
Canyon`s real estate activities focus on providing debt and equity capital to
real estate owners, operators, developers, corporations and entrepreneurs,
enabling them to capture unique investment opportunities in an exceedingly
complex and challenging real estate market.

Canyon has built its reputation on creative underwriting and structuring,
reliable commitments, overall professionalism and timely closings. Canyon`s real
estate funds include the Canyon Value Mortgage Fund, the Canyon-Johnson Urban
Funds, a joint venture with Earvin "Magic" Johnson focused on the development of
retail and residential properties in densely populated, ethnically diverse
communities, and the Canyon Value Opportunity Fund.

Since 1990, Canyon has completed over $3.6 billion of investments involving 226
real estate and mortgage assets with a total value of over $9.5 billion,
including the origination of senior, mezzanine and bridge loans, note
acquisitions, recapitalization of partnerships, and the acquisition of over 30
million square feet of real estate. These investments encompass a diverse mix of
real estate property types including retail, entertainment, multi-family,
industrial, office, hospitality, land, mobile home and mixed-use and mortgage
loans secured by such property types.

Canyon Capital Realty Advisors
Media Contact:
Steve Sugerman, 310-689-7535
steve@sugermangroup.com

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