Caliber’s CEO and co-founder Chris Loeffler answers investor FAQs about the company’s online public offering below.
What is Caliber?
Caliber is a real estate investment company that aims to make alternative access simple with the goal of building wealth for investors. We do this by offering a full-service experience allowing investors to choose fund strategies that fit their needs, deploying those funds into attractive projects, working to build value in those projects with hands-on management and development services, and eventually harvesting profits to be distributed or re-invested.
Who are Caliber’s customers?
In addition to our online public offering—which is available to both accredited and non-accredited investors—we also serve accredited investors and registered investment advisors who passively invest in real estate through our active funds, including The Tax Advantaged Opportunity Zone Fund, The Caliber Diversified Opportunity Fund II, and The Caliber Fixed Income Fund III. We also offer offer single-asset investment opportunities as they occur.
What am I investing in when I buy Caliber stock?
As shareholders in Caliber’s primary operating platform, investors in our online public offering on SeedInvest will own stock in CaliberCos Inc. This is the same entity the founders, management, and employees own stock in.
Why the $2,000 minimum?
Our mission is simple—to build wealth for investors. While we traditionally do that with private equity real estate funds, those funds often have a minimum investment of $100,000. For that reason, they are only available to high net-worth investors and wealthy institutions. As our ideal exit strategy is an IPO, it’s important to expand our shareholder base. We also hope that the new shareholders will join the company, learn about what we do, and spread the word.
How did you arrive at your valuation?
Caliber reached profitability in 2019 and has a seven-year consecutive track record as one of the fastest-growing private companies in the U.S., according to Inc. 500|5000. Our current valuation is based on 2019 revenue and adjusted EBITDA multiples of approximately 1.7x and 13x, respectively.