Firm’s second opportunity fund offers accredited investors access to grow wealth with ownership in hotels, apartments, office, self-storage and similar property
SCOTTSDALE, Ariz. (August 8, 2017) — Caliber – The Wealth Development Company today announced the launch of a $100 Million real estate fund, the Caliber Diversified Opportunity Fund II, LP (the “Fund”). The Fund will invest in “middle market” U.S. commercial real estate assets that can deliver attractive risk-adjusted return through a combination of current income and capital appreciation, following a similar strategy of the Company’s previous commercial fund, which was closed one year early, over-subscribed.
Available to accredited investors directly or by recommendation from Registered Investment Advisors (RIAs), the Fund provides a level of direct access to off-market projects rarely seen in the industry. Combining opportunistic strategies to purchase assets below market with in-house real estate services, Caliber leverages its business model to build substantial value in assets with management transformation, ground-up development or effective remodeling, and intelligent financings. Investing from a set of core principles, Fund Management may pursue a diverse mix of asset classes including apartments, office, hotels, self-storage and other commercial properties without sacrificing performance.
“We are deeply grateful for the continued support of our investors who we work diligently for to provide the best returns,” said Chris Loeffler, Co-Founder and CEO of Caliber. “Providing our clients with insider-level access to secure commercial investments that offer superior risk-adjusted returns and growth potential is the primary purpose in building this fund.” He added, “Focusing on assets that are too large or complex for local investors and too difficult to execute for institutional REITs, Caliber will invest in $5 to $40 million dollar projects with very little competition.”
Caliber investor J. Alan Reid, who previously served as director and CEO of Forward, an investment advisor with over $6 Billion under management, stated, “What sets Caliber apart is access to tax favored real estate investments which are both opportunistic and discounted below market value. Having access and building wealth through these diversified types of commercial assets is a significant benefit and are typically not available to most accredited investors.”
Projects under development that clients have an opportunity to invest in, for example, include The Eclipse (Scottsdale, AZ) and The Roosevelt (Tempe, AZ) multi-family Zero Energy Ready communities. These new Caliber developments are garnering national attention for Arizona as two of the state’s most innovative Zero Energy townhome communities elevating sustainable, green living and incorporating the newest home automation technologies. Additionally, Caliber opens the Fund with investments in Colorado and Arizona, growing US markets, across 10 identified or owned assets.
Capital previously invested through hundreds of Caliber’s private accredited clients and RIAs has led to the Company’s rapid success in repositioning over $300 Million in real estate assets. These assets play a key role in economic opportunity and development landscape. In 2016, Caliber’s asset acquisitions and re-development projects earned the Company recognition as the Greater Phoenix Chamber of Commerce Economic Driver award.
In addition to this $100 Million Caliber Opportunity Fund, the Company also manages the Caliber Residential Advantage Fund, LP, which offers the capital preservation, appreciation and passive income producing benefits of residential property ownership without the burden of daily management.
Individuals interested in learning about the Caliber Diversified Opportunity Fund II, LP can call 480-295-7600 or email [email protected]
Note to Investors
*This press release is provided solely for information purposes and does not constitute legal or investment advice. This is neither an offer to sell nor a solicitation of an offer to buy securities. While we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy or reliability of the data and summaries contained in this press release or the suitability of any separate offering for investors. There are risks associated with any investment. In making an investment decision, investors must rely on their own examination of the company they wish to invest in including the merits and risk involved. Any forward looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward looking statement to reflect events or circumstances after the date on which such statement is made. **Please contact Caliber directly at 480-295-7600 for further information. *