Frequently Asked Questions

Most Frequently Asked Questions

01

What is your primary investment strategy?

Caliber creates investments to produce income and capital gains that pass through to investors through purchasing assets or land at potentially attractive prices, developing those assets with in-house expertise, and managing each asset to its full potential. Caliber’s investments also seek to offer capital preservation features through a direct investment model and limited use of leverage over the investment term. Buy low, manage well, sell high, that’s the goal.

GC Square asset
Caliber investor

02

What returns can I expect?

Caliber’s funds seek to maximize the risk-adjusted return achievable through investment in each specific strategy. Our investment targets are typically based upon a 5-year equity multiple or internal rate of return (IRR), although we offer investments that range in term from 6 months to over 60 months. In general, Caliber targets an 8% or greater IRR for its shorter term or income-oriented investments and a 15% or greater IRR for its growth-oriented investments. An investment return is not guaranteed, there is risk of loss, and further information can be found within each investment’s offering memorandum.

03

Where does Caliber buy and develop properties?

Caliber selects markets for acquisitions based on simple criteria we’ve defined as “growth markets”. Caliber generally seeks markets in the greater southwest region including Arizona, Texas, Colorado, Nevada, and Utah. In choosing specific cities and sub-markets in these states, Caliber seeks a long-term trend toward population growth, evidenced by a recent track record that extends a minimum of 10 years. Caliber additionally seeks markets with friendly policies toward growth, investment, development, and business – providing reasonable evidence the history of growth may continue.

Crowne plaza asset
Caliber event

04

Who can invest with Caliber?

Generally, you may invest with Caliber if you are an “accredited investor” as defined in Rule 501(a) under the Securities Act of 1933, as amended (the “Securities Act”). Caliber provides services to Accredited Investors through its dedicated Caliber Private Client group. Additionally, Caliber supports registered investment advisors and wealth managers seeking alternative investments for their clients through its Caliber Advisor Services group.

Caliber Investments

Does Caliber only offer opportunities in Arizona?

The majority of Caliber’s opportunities are currently in Arizona. However, we are always looking at markets throughout the Southwest and will occasionally have opportunities in other states.

What are the major risks to the investment?

Caliber’s investments provide an offering memorandum which discusses investment risk in detail. We have endeavored to ensure full disclosure of potential risk to your investment(s).

Can I invest with my retirement plan?

Yes, in many cases, you can invest with one or multiple retirement plans. A common approach for investors is to roll over an old IRA of 401(k), from a company they no longer work for, into a self-directed retirement plan. Contact us for more information about this process.

What fees does Caliber charge?

All applicable fees for Caliber’s investments can be found within the applicable offering memorandum. As a point of principle, Caliber seeks to reduce the fees typically associated with private equity real estate to incentivize the management team to focus on Caliber’s profit sharing interest. We believe this creates alignment between management and investors.

If I have my own team, can I just buy property from you?

Yes, please contact us and provide your investment criteria. We will keep you up to date with the latest deals. Caliber clients can have as much or as little involvement as they’d like in their investments.

What’s the difference between Caliber’s Funds and a REIT or Non-traded REIT?

Both traded and non-traded REITs are traditional structures for real estate investment utilized by large investment firms and institutions, often with a minimum target of $1,000,000,000 in capital. These structures are typically “fee-heavy” with a minimum of 15% of the investment you make being utilized to pay offering costs, securities brokerages, etc. Caliber’s funds, sized between $100,000,000 - $500,000,000, are designed to be large enough to take advantage of middle-market investment opportunities but small enough not to require an army of staff and costs to manage.

Said another way, within Caliber’s provided structure, we hope you will find substantially more of your investment dollars will make their way into real estate projects, allowing management more opportunity to generate a favorable return to you.

What is the minimum investment amount?

Investment amounts generally start around $50,000.

May I investment through my IRA, SEP or other tax-favored account?

Yes. You may make an investment through your IRA, a simplified employee pension (SEP) plan or other tax-favored account. In making these investment decisions, you should consider, at a minimum, (1) whether the investment is in accordance with the documents and instruments governing your IRA, plan or other account, (2) whether the investment satisfies the fiduciary requirements associated with your IRA, plan or other account, (3) whether there is sufficient liquidity for such investment under your IRA, plan or other account, (4) the need to value the assets of your IRA, plan or other account annually or more frequently, and (5) whether the investment would constitute a prohibited transaction under applicable law. Each investment offering memorandum provides additional information for you to consider.

Is there any minimum investment required?

Generally, Caliber’s investment minimums range from $35,000 to $250,000, depending on which Fund you select. You should carefully read the more detailed description of the minimum investment requirements appearing under "Suitability Standards" immediately following the cover page of the associated offering documents.

How do I invest?

If you meet the suitability standards and choose to learn more on how to Invest with Caliber, the first step is to start a conversation with our team. Click here to contact us. You must also receive and review the private placement memorandum(s), review the offering documents, and complete a subscription agreement(s), once you choose which Caliber investment is right for you.

Caliber Events

Why does Caliber host events?

Live events and web events give our clients a chance to connect, provide an opportunity for Caliber’s leadership to speak to many customers at once, and, most importantly, ensure that our investors feel empowered, educated and connected to their investments.

What can I expect at a Caliber event?

We strive to ensure that you will grow your knowledge and comfort with many topics surrounding alternative and real estate investing. We’re in the business of providing great knowledge, not wasting time

What kind of events does Caliber host?

We host a variety of events ranging from small, intimate dinners to large, educational seminars. Most of our events occur monthly, but each is a unique experience. We strive to put on casual, informative and fun events that allow you to grow your knowledge and wealth. To review and register for our upcoming events, click here.

What type of event is right for me?

If you’re new to Caliber and are interested in learning more, we encourage you to attend one of our monthly lunch events, “Lunch with Caliber”, where you will learn who we are, what we’re doing in the investment world, and how we can help build your wealth. For seasoned investors, current Caliber clients, and Registered Investment Advisors seeking educational topics as well as new investment opportunities we invite you to attend our monthly Summit Series events.

Who can attend these events?

We host events for both prospects and current clients. Our events are always planned by putting our clients’ needs and interests first. While we encourage you to attend our events, many of our events are open to clients only. Not a current client? That’s okay! Events held for individuals new to Caliber, such as our Lunch with Caliber, are a great introduction to Caliber and our team, and help give interested parties the opportunity to learn more about what we do.

How can I receive email invitations to these events?

If you would like to start receiving emails about upcoming events and other Caliber related news and topics, sign up for our newsletter here.

Caliber Diversified Opportunity Fund II, LP

What is your primary investment strategy?

The Fund exists to produce income and capital gains that pass through to investors through purchasing assets or land at potentially attractive prices, developing those assets with in-house expertise, and managing each asset to its full potential. Most importantly, the fund offers capital preservation features through a direct investment model, limiting fund leverage over the long term, and ensuring a balanced approach to purchasing income-producing investments and value-add investments.

What are the major risks to the investment?

The offering memorandum discusses investment risk in detail. We have endeavored to ensure full disclosure of potential risk to your investment.

What returns can I expect?

The Fund will strive to acquire assets at a 20% or greater discount to current market rates through opportunistic acquisition strategies. By doing so, the Fund intends to provide outsized risk-adjusted returns equaling or surpassing a 20%, five-year internal rate of return (IRR) and a 10%, or greater, distributed cash-flow.

What is included in the management fee?

The Management Fee encompasses the costs of ensuring a competent management team is in place making decisions daily for sourcing, acquiring, and providing oversight for the Fund’s assets.

When is the pool of assets reevaluated?

The Fund is required to evaluate the Assets at least once per year however the Manager, at its discretion, can revalue the Fund more frequently. More frequent valuations may be advantageous as the Fund grows in size.

Where will you buy properties?

Caliber selects markets for acquisitions based on simple criteria we’ve defined as “growth markets”. Caliber generally seeks markets in the greater southwest region including Arizona, Texas, Colorado, Nevada, Utah, and New Mexico. In choosing specific cities and sub-markets in these states, Caliber seeks a long-term trend toward population growth, evidenced by a recent track record that extends a minimum of 10 years. Caliber additionally seeks markets with friendly policies toward growth, investment, development, and business – providing reasonable evidence the history of growth may continue.

What’s the difference between this Fund and a REIT or Non-traded REIT?

Both traded and non-traded REITs are traditional structures for real estate investment utilized by large investment firms and institutions, often with a minimum target of $1,000,000,000 in capital. These structures are typically “fee-heavy” with a minimum of 15% of the investment you make being utilized to pay offering costs, brokerages, etc. Caliber’s fund, a $100,000,000 offering, is designed to be large enough to take advantage of middle-market investment opportunities but small enough not to require an army of staff and costs to manage.

Said another way, within Caliber’s provide structure, you will find substantially more of your investment dollars will make their way into real estate projects, allowing Fund Management more opportunity to generate a favorable return to you.

What is the exit strategy for the Fund?

The Fund has multiple exit strategies it may consider as the investments mature. These strategies include (and are not limited to a market sale of all assets, a portfolio sale to one or more institutions, a roll-up to a public offering, or some combination of these options. The Fund is designed to have an early redemption penalty that shrinks over time until the 5th year and investors are encouraged to view this investment as a 5-year commitment.

What will you do with the money raised in this offering?

The funds raised in this offering will primarily be utilized to purchase real estate assets and land, develop, construct, or renovate those assets, and operate those assets for cash flow and value growth.

Who can buy membership interests?

Generally, you may buy interests pursuant to this Memorandum if you are an Accredited Investor as described in the offering memorandum. Accredited Investors are defined as having either an income more than $200,000 per year and/or have $1M net worth excluding the value of their primary residence. Please refer to your subscription application for a full definition of an Accredited Investor.

May I make an investment through my IRA, SEP or other tax-favored account?

Yes. You may make an investment through your IRA, a simplified employee pension (SEP) plan or other tax-favored account. In making these investment decisions, you should consider, at a minimum, (1) whether the investment is in accordance with the documents and instruments governing your IRA, plan or other account, (2) whether the investment satisfies the fiduciary requirements associated with your IRA, plan or other account, (3) whether there is sufficient liquidity for such investment under your IRA, plan or other account, (4) the need to value the assets of your IRA, plan or other account annually or more frequently, and (5) whether the investment would constitute a prohibited transaction under applicable law.

Is there any minimum investment required?

Yes. Generally, you must invest at least $100,000. You should carefully read the more detailed description of the minimum investment requirements appearing under "Suitability Standards" immediately following the cover page of the Offering Documents. Fund Management has the discretion to offer a lower minimum investment.

How do I subscribe?

If you meet the suitability standards and choose to purchase interests in this offering, you must receive and review the private placement memorandum, review the offering documents, and complete a subscription agreement.

May I reinvest my distributions?

No. However, at the end of the investment term you may elect to roll your investment into one of our other funds or investments at your discretion.

If I buy membership interests in this offering, how may I later sell them?

At the time you purchase the interests, they will not be listed for trading on any national securities exchange. As a result, if you wish to sell your interests, you may not be able to do so promptly or at all, or you may only be able to sell them at a substantial discount from the price you paid. Subject to applicable law, however, you may sell your interests to any buyer that meets the applicable suitability standards.

Will I be notified of how my investment is doing?

Yes. We will provide you with periodic updates on the performance of your investment with us, including (at a minimum):


  • An investor update letter, distributed quarterly;
  • A quarterly account statement;
  • An annual report; and
  • An annual Form K-1 tax statement.

When will I get my detailed tax information?

Your IRS Form K1 will be sent to you prior to April 15th of the year following the end of the Calendar year.

What are the terms of your loans at the Asset Level?

The loan terms are variable on an asset per asset basis. Fund Management believes in utilizing leverage in a moderate fashion. Under the Limited Partnership Agreement, the Fund is limited as follows:


  1. by the end of the Fund’s third year of operation (i.e., years from the date on which the Fund first issues Interests to third-party Limited Partners) the Fund shall borrow no more than 75% of the total value of all portfolio properties owned by the Fund at such time;
  2. by the end of the Fund’s fifth year of operations the Fund shall borrow no more than 65% of the total value of all portfolio properties owned by the Fund at such time; and
  3. thereafter, for so long as the Fund continues to operate, the Fund shall borrow no more than 60% of the total value of all portfolio properties owned by the Fund at such time.

What is the anticipated timing of distributions for this Fund?

The Fund’s strategy is to acquire a blend of assets that produce currently, monthly income along with assets that may not initially produce income but may generate a more attractive total investment return. As such, the Fund is seeking to distribute proceeds from rents and related income sources with the first 12 months of inception and further grow those distributions as more and more assets become income-generating.

Can I add additional money to my original investment?

Yes, provided the Fund has not closed before your subsequent investment.

What assets will the Fund own?

The Fund will make investments into an inventory of assets controlled by Fund Management to ensure the first capital placed into the fund is deployed quickly. Once these investments have been fully funded, the Fund will acquire other assets that Fund Management have not yet identified. See the Private Placement Memorandum for a list of assets Fund Management intends to initially acquire.

Still have questions?

Contact us