SCOTTSDALE, Ariz. – Real estate investment capital specialist Gregory Talcott recently accepted a senior-level position with real estate investment firm Caliber-The Wealth Development Company.
The industry veteran and Arizona resident comes to Caliber as its Senior Vice President, Private Client, after a two-year stint with Scottsdale-based competitor Virtua Partners, where last year he raised more than $100 million in capital investment from high net-worth individuals, Registered Investment Advisors and institutional entities.
“We are pleased to have Greg join the team and build upon our solid foundation,” Caliber CEO Chris Loeffler says. “His skill set and attention to detail is well-suited to our processes and commitment to growth as Caliber recently launched its own Regulation A fund.”
Talcott delivers a high level of trust among customers past and present, having managed assets and serving as a fiduciary for select private wealth clients at Scottrade-TD Ameritrade, Basilica Wealth Management and Charles Schwab in Arizona, the Pacific Northwest and other key markets for more than 15 years. During his time at Schwab, he led a team that managed more than $2.5 billion in assets that provided portfolio management and financial planning designed for a particular client suitability. As well as an abundance of experience, Talcott holds Series 7, 9, 10, 63 and 66 securities licenses, which include Arizona.
"Caliber operates in the same mid-market space that I'm accustomed to for new or existing multifamily, residential, Class A Office, commercial and hospitality so we are a good fit,” Talcott says. “I have also raised investment for Qualified Opportunity Zone projects which Caliber is active with as well. So along with raising funds for Caliber, these QOZ funds will clearly be another priority and opportunity for growth.”
The Arizona State University graduate and passionate Arizona sports fan has a big job in front of him as the investment community steadies itself in the wake of the COVID-19 health crisis. But as Talcott says, “I saw the opportunities that presented themselves during the dot.com and 9/11 dip of 2001 and real estate crash of the Great Recession in 2008-09. We will see our way out of the coronavirus chaos and be stronger because of it.”
Join Talcott and Caliber executives June 9 from 2-3 PM MST for a 30-minute webinar presenting potentially advantageous investment opportunities in the wake of COVID-19.