This month’s CEO Call introduced a new, lively format designed to offer additional information and insights regarding Caliber Funds, specific asset performance, and the broader alternative investment and real estate landscape.
New CEO Call Format
Joining Caliber CEO Chris Loeffler on the call was director of corporate development Travis Okamoto, and Chief Development Officer Roy Bade. The team has shifted away from the GoToWebinar online meeting service to Zoom for its ease of use and reliability.
Calls also have been shortened to 45 minutes rather than one hour in response to listener feedback, and have been segmented into three distinct areas:
- Information specific to Caliber as a company, which is especially important as the company launched a public investment option.
- The latest about Caliber Funds and individual portfolio assets.
- An area called “Caliber Soup,” a catch-all mix of industry news, trends, and conversations with Caliber insiders.
“We will do a little bit of prognosticating about what we see in the marketplace as we’ve built an incredible body of global intelligence from the 1,000-plus accredited investors that have invested with us and have learned as they’ve built their wealth,” Loeffler says. “And then all the other parties that are in our ecosystem — the developers, the real estate contractors, the finance people, CPAs, etc. So we want to bring that information that comes in and synthesize it into a topic and discuss it.”
The new format also includes themes that will be mapped out well in advance and recorded, so listeners can pick and choose which topics to tune in to and when to listen in.
“So that you’ll know next month Caliber will discuss private lending strategies, income producing real estate, and do a deep dive on hotels, for example,” Loeffler says. “But we’re also going to be very flexible with this call, which is why we added Caliber Soup. Because the market moves quickly, things change in our world, no one predicted COVID-19, those types of things that move markets.”
Caliber’s online Public Offering
After explaining the new format, Okamoto briefly described Caliber’s public investment option through the online investment portal SeedInvest, which continues through the end of 2020 and has welcomed hundreds of new participants with its low $2,000 minimum investment. To date, SeedInvest has helped Caliber raise about $3 million. The company is exploring additional options in the acquisitions market or for a public offering on a stock exchange.
new investment opportunity
Bade joined the call to discuss a new project expected to generate steady income for investors — a new five-acre campus for Rancho Solano Preparatory Schools, one of the area’s top private schools — in Scottsdale on the Salt River-Pima Community.
“One of the keys to Rancho Solano wanting to do this particular campus is they want to have an ability to buy the project,” Bade says, which will generate income in the short-term through a lease and larger profits when Caliber sells to the education provider.
“Not only is that a great built-in return on the money that goes in at the front end, but we also have a nice exit price on the backside,” Bade says.
Additional CEO Call Highlights:
- Caliber’s highly anticipated behavioral health hospital, an opportunity zone project at 14th Street and McDowell in Phoenix, recently received its Certificate of Occupancy. The 96-bed facility expects to be operational by the end of the month, bringing much-needed psychiatric services and high-quality jobs to the area. For investors, this also means the company can start collecting rents on the facility.
- Caliber has issued 14 annual reports into investor portals.
- The pandemic has created valuation issues as the company explores selling assets on behalf of investors, and asks that all information be held in confidence to secure the best possible price.
The next CEO Call is scheduled for Thursday, Nov. 19.