Caliber-The Wealth Development Company has released a Q1 update focused on its growing Qualified Opportunity Zone Fund (QOF). During the past year, Caliber has emerged as an early adopter and industry-leading expert in opportunity zones and is one of the only funds currently taking in capital. The Caliber Tax Advantaged Opportunity Zone Fund, LP has raised more than $30 million since its launch in Q4 2018 and it is expected to reach the $500 million goal within two years.
“There is a finite time limit for reinvesting capital into a qualified opportunity zone fund and our capital commitment pipeline is filling quickly,” said Caliber co-founder and CEO Chris Loeffler. “By launching our fund early, we’ve been able to offer more investors the chance to take advantage of the incredible tax incentives associated with this program before their window closes.”
The fund invests directly into a diversified portfolio of assets located in qualified opportunity zones across the southwest. There are currently three projects being developed as part of the fund, with a combined worth of more than $65 million. Caliber has an additional $250 million in projects under LOI/PSA and an additional $4 billion of projects in its growing diligence pipeline.
Some examples of owned or contracted projects include:
- Tucson Convention Center Hotel: a 170 room Doubletree by Hilton property with 4,000 square feet of meeting space and multiple bar/dining options
- Roosevelt Townhome Community: 42 units in downtown Tempe, Arizona - within walking distance to Arizona State University - complete with integrated smart home technology and sustainable features
- Pre-Leased Medical Office: offers 10% cap rate on investment basis and 20-year, guaranteed lease term - the property is located within 10 miles of 25+ other medical facilities
Caliber provides individual accredited investors and registered investment advisors with well-structured alternatives to traditional investments. In addition to Opportunity Zones, the company builds wealth by forming and managing real estate private equity investments, either through individual assets or multi-asset funds. Caliber will be hosting its annual summit – focused on access to alternative investments – in Phoenix, May 2-4. The company is also a sponsor of the upcoming SALT conference in Las Vegas May 7-10, and Loeffler will host a keynote and fireside chat focused on opportunity zones. For more details on investment options or to learn more about Caliber, visit CaliberCo.com.
Headquartered in Scottsdale, Arizona with an investment focus in the Greater Southwest growth markets, Caliber leads the market in providing individual accredited investors and registered investment advisors with well-structured alternatives to traditional investments. The Company offers an approachable, full-service investment experience with more than 1,500 team members working to care for over $750 million (assets under management & development) in commercial, residential, and hospitality real estate in AZ, CO, TX, NV, UT and AK. Caliber offers both asset management and real estate services to create a vertically integrated investment platform focused on middle-market investment transactions. The Company is currently offering four distinct private real estate funds, two focused on income and two focused on growth, with the most notable being a $500m equity offering in the Southwest as a qualified opportunity zone investment fund. Learn more at Caliberco.com or follow Caliber on social @CaliberCo.
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.
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