Commercial Property Adjacent to Caliber’s Mixed-Use Development, The Ridge
SCOTTSDALE, Ariz. (December 4, 2019) – Caliber – The Wealth Development Company has closed a deal to purchase 24 acres of undeveloped land in Johnstown, Colorado. Planned for commercial use, the property is located next to the company’s mixed-use development, The Ridge, and will serve its residents and the surrounding community. Located on the northeast quadrant of the new 402/I-25 Interchange, the future commercial developments will be easily accessible from the I-25 and new roundabouts.
“Caliber is building deep roots in Johnstown,” said Roy Bade, Caliber Chief Development Officer. “We are committed to helping provide for the community’s growing commercial and residential development needs while maintaining its small-town charm.”
This acquisition brings the company’s portfolio of owned land in Johnstown to more than 280 acres. Earlier this year, Caliber announced deals with Aspen View Homes and Bridgewater Homes to bring 208 single family homes to The Ridge during phase one of development. With carefully planned neighborhoods, community parks and commercial space, The Ridge has been deliberately designed to reflect the close-knit community feel of Johnstown while addressing the area’s growing need for additional housing and services.
Caliber leads the market in providing individual accredited investors and registered investment advisors with well-structured alternatives to traditional investments. The company builds wealth by forming and managing real estate private equity investments, either through individual assets or multi-asset funds. Caliber both acquires assets and takes on ground-up development projects, like the Johnstown community which is part of the Caliber Diversified Opportunity Fund II, LP. For more information about Caliber or its various investment opportunities, visit CaliberCo.com.
Headquartered in Scottsdale, Ariz., Caliber – The Wealth Development Company is a full-service real estate investment company specializing in commercial, residential, multi-family, self-storage and hospitality properties. Since its inception in 2010, Caliber has grown its portfolio across the southwest to $750 million in real assets under management. Caliber’s investment cycle is managed 100 percent in-house through its different business units: Investment, Construction & Development, Brokerage and Hospitality. Operating under the principles of integrity, responsibility, discipline and transparency, Caliber provides its more than 400 accredited investors with well-managed, diverse, asset-based investment strategies. Learn more at Caliberco.com or follow Caliber on social @CaliberCo.
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