Latest news with #CameronStephens
Cision Canada
2 days ago
- Business
- Cision Canada
Cameron Stephens Secures $70 Million in Capital Commitments and Launches Western Canada High Yield Fund, Accelerating Regional Growth
VANCOUVER, BC and TORONTO, June 4, 2025 /CNW/ - Cameron Stephens Mortgage Capital Ltd. ("Cameron Stephens") is pleased to announce the successful launch of the Western Canada High Yield Mortgage Fund ("Fund"), focused on real estate secured lending across Western Canada. The newly launched Fund represents $35 million in commitments from Western Canadian real estate family offices. This amount has been matched by a $35 million allocation from Cameron Stephens' flagship "Bay Street High Yield Fund", bringing the total capital pool to $70 million. The Fund is now active and committing capital into high-quality commercial mortgage opportunities across Alberta and British Columbia. This milestone is a key pillar in Cameron Stephens' ongoing expansion strategy in Western Canada, where the firm has grown to over $550 million in assets under administration in just four years. "The Western Canada High Yield Mortgage Fund builds on the long-term success of our existing Bay Street High Yield Fund," said Steve Cameron, President and Chief Operating Officer. "This new vehicle allows us to deliver capital faster and with more flexibility in Western Canada, while drawing on deep local insight from our newly formed Western Canada Investment Committee—comprised of some of the most sophisticated real estate family offices in the region. Their involvement gives us a strategic advantage when it comes to originating mortgages, adjudicating credit, and underwriting market risk with precision." "At Cameron Stephens, we believe in alignment and partnership," said Brad Wise, Senior Vice President & Managing Director, Western Canada. "We're proud to have brought together a group of highly respected and experienced Western Canadian real estate families to support this strategy. Their participation not only capitalizes the Fund but brings invaluable regional knowledge to our Western Canada operations." The Fund is modeled after Cameron Stephens' Ontario-based flagship Bay Street High Yield Fund launched in 2004, which has delivered net annualized returns of 11.4% since inception. The Fund investors will benefit from access to a broad array of mortgage investment opportunities alongside the Bay Street High Yield Fund, delivering a portfolio composition designed to offer diversification across location, mortgage type, and asset class in Western Canada. Scott Cameron, Chief Executive Officer, Cameron Stephens, concludes, "When we founded the Bay Street High Yield Fund 20 years ago, our goal was to offer investors consistent, superior risk-adjusted returns. It's incredibly rewarding to see that same platform fueling growth in Western Canada." About Cameron Stephens Founded in 2004, Cameron Stephens is a leading Canadian real estate investment firm with nearly $4 billion in assets under administration. Cameron Stephens offers institutional and private investors strategic opportunities to invest in commercial real estate with consistent returns. The firm specializes in mortgage solutions through Cameron Stephens Mortgage Capital for developers across Canada. Established in 2021, Cameron Stephens Equity Capital provides equity opportunities for high-quality and strategically positioned developments. Leveraging deep market expertise and strong industry partnerships, Cameron Stephens is recognized as a key player in Canada's real estate investment landscape, aiming to deliver sustainable growth and financial success. For more information, visit
Yahoo
24-05-2025
- Yahoo
Guilty verdict in Hurricane Harbor murder trial after gang, self-defense claims
Nearly every element of a group fight near the inner gate at Six Flags Hurricane Harbor was in radical dispute at a murder trial this week. There was no consensus on who threw the first punch at the Arlington water park at closing time on a June evening in 2021. No one could agree on whether the brawl of as many as nine young men was limited to fists or if its participants were also kicking and stomping. Perhaps most critical, there were varied accounts on whether one gunshot or multiple shots were fired during the fray. It is clear, however, that at the close of a day of teenage jubilance spent flirting with girls, at a wave pool and on water slides, Dai'trell Teal was shot once by a bullet that entered his back. The projectile traveled in his body from right to left, back to front as it pierced his esophagus and left a gaping hole in his aorta, causing the 16-year-old to bleed to death as he laid on a raised plant bed. The Tarrant County Criminal District Attorney's Office concluded that Teal was not a gang member and was not involved in the fight immediately before the shooting. The defense did not concede that Teal was not in the fight and suggested Teal left the park with at least one documented gang member. Teal was, prosecutors Lloyd Whelchel and Kobe Landry argued, wholly innocent. The defendant, Cameron Stephens, was trying to shoot another teenager named Davion Williams, but shot Teal instead, the prosecutors argued to the jury at Stephens' murder trial in a state district court in Tarrant County. 🚨 More top stories from our newsroom: → Fort Worth ISD board approves plan to close 18 schools → TCU student murder case moves toward trial → Mansfield ISD board approves superintendent's contract [Get our breaking news alerts.] The killing occurred as one gang member attempted to shoot another, the prosecutors suggested. Stephens was not, according to Irving police, a documented gang member, but he was associated with APE or After Paper Everyday, a subset of YIC, or Youngins In Charge. YIC is a rival of 2200, a gang of which Williams is a member, authorities said. 'He wasn't in the fight, and he was the guy that got killed,' Landry argued of Teal, who had just finished his sophomore year at Martin High School. The jury's instructions included an advisory on transferred intent, a principle, when applied to murder, that a person is guilty if they cause the death of a person while intending to cause the death of a different person. After a six-day trial, a jury in Criminal District Court No. 3 on Friday found Stephens guilty of murder and assessed his punishment at 40 years in prison. The jury was directed to consider a prison term of five to 99 years, or life. Appointed defense attorney Kathy Lowthorp asked the panel to assess a term at the lower end of the range. Whelchel requested a life term of the jury. Stephens will become eligible for parole after he serves 20 years. Lowthorp, who represented Stephens with defense attorneys Cami Gildner and Shelby Barrett, argued that the killing was justified by self-defense or defense of a third party, Stephens' half brother, who was in the fight when the defendant fired. Stephens, from the witness stand, on Wednesday testified that he was himself afraid and was in fear for his half brother. Stephens testified that, as he was being beaten, he went to his car to get a gun he left under a seat, heard a pop elsewhere and fired once, aiming above the fighting group. Stephens admitted that after firing the gun, he drove from the scene and left the gun in a dumpster. Police did not find the weapon. Stephens testified that he regretted getting rid of the gun because, he suggested, a toolmark examiner could have conducted a test that may have shown that the bullet pulled from Teal's body during an autopsy was not fired from the defendant's gun. 'He didn't do it, but if he did do it, it's self-defense,' Whelchel summarized his assessment of the defense argument in the state's closing. This is a developing story. For the latest updates, sign up for breaking news alerts.
CBS News
23-05-2025
- CBS News
Shooter sentenced to 40 years for killing teen in 2021 Hurricane Harbor melee
A man who opened fire as Hurricane Harbor was closing four years ago has been sentenced to 40 years in prison for fatally shooting a teenager, prosecutors said Friday. Cameron Stephens, now 22, was found guilty of the June 23, 2021, murder of 16-year-old Dai'Trell Teal before receiving his sentence. Cameron Stephens Tarrant County Jail Authorities say Stephens approached a group leaving Hurricane Harbor and asked about a gang member. When they said they didn't know him, a fight broke out. Stephens retrieved his gun and opened fire. As people fled, Teal, a student at Arlington Martin High School, was struck in the back and collapsed in the waterpark's parking lot. At the time, then-Deputy Chief Chris Cook – now chief of the White Settlement Police Department – said an off-duty officer near the park's exit heard honking from the parking lot and saw six to eight people engaged in a fistfight. As the officer approached to break it up, Cook said he heard what sounded like a gunshot before realizing Teal had been hit near the entrance. Teal was rushed to a local hospital but later died from his injuries. Members of the Fugitive Unit found Stephens at a convenience store in North Dallas near the Dallas North Tollway. He was arrested without incident and taken to the Arlington Jail.
