Caliber Launches Core+ Growth & Income Fund
June 15 2023 - 4:15PM
Business Wire
CaliberCos Inc. (NASDAQ: CWD), a leading fully integrated
alternative asset manager, announced today the launch of its Core+
Growth & Income Fund (“the Fund” or “Issuer”), an income fund
targeting investments in a diversified portfolio of real estate
properties, real estate-related equity investments, and other real
estate-related assets located in high-growth markets across the
Southwest U.S. The Fund offers investors the opportunity to enjoy a
certain level of liquidity, coupled with the potential returns of a
moderate risk growth and income fund.
Core Plus investing in commercial real estate is a strategy
through which investors have the opportunity to earn steady income
from their investment, while simultaneously taking on additional
risk to potentially earn higher returns. Caliber’s Core+ Fund will
target investments in a "core" portfolio of stable,
income-generating properties, such as apartment complexes,
industrial, medical, and retail buildings. The "plus" part of the
strategy refers to Caliber’s ability to capitalize on assets that
are underperforming, under managed, and/or underpriced, located in
Southwestern growth markets.
“The attributes of this Fund reflect what our investors are
looking for,” said Chris Loeffler, Chief Executive Officer of
Caliber. “In today’s uncertain environment, they are increasingly
seeking to diversify their portfolios with investment opportunities
that offer more liquidity and differentiate risks across different
real estate assets. Our Core+ Growth and Income Fund will provide
our investors with a more balanced approach to liquidity and
attractive risk-adjusted returns. Furthermore, as a new fund, it is
not burdened with legacy assets that may have lost value in the
recent economic downturn.”
Caliber will seek to opportunistically acquire cash-flowing real
estate assets for the Fund at a discount to perceived current
market value through its proprietary acquisition platform.
“We see an opportunity to leverage Caliber’s historical
knowledge investing in auction properties, non-performing loans,
bank-owned properties, and other distressed strategies to find the
right entry point for purchases. Many assets today are performing
well financially, but the debt, or the current sponsor, is in some
form of distress,” stated Jennifer Schrader, President of Caliber.
“Now is the time to re-enter the market with fresh capital and
start solving problems.”
The Fund will accumulate a diversified portfolio of real estate
assets, including multifamily, industrial, medical, and retail. In
addition, up to 25% of the Fund will be invested in publicly traded
real estate investment trust (“REIT”) securities managed by the
Fund’s sub-advisor, Chilton Capital Management. The minimum
investment in the Fund is $50,000, and the Fund has been structured
to accept qualified monies such as IRAs.
Caliber’s Core+ offers liquidity through quarterly redemption
opportunities and a perpetual term. The Fund offers a
differentiated investment strategy from Caliber’s established
funds, including Caliber Tax Advantaged Opportunity Zone Fund II,
LLC and Caliber Opportunistic Growth Fund III, LLC, which are
aggressive growth funds. Caliber’s Core+ Growth & Income Fund
will invest in cash-flowing assets that are expected to generate
regular dividends to the Fund’s investors, with upside through
appreciation.
Due to an anticipated influx of opportunistically priced assets
over the next 18 to 24 months, Caliber is offering Founder’s shares
to the initial investors in the Fund. Under this structure, the
first $25 million invested will receive a 10% discount and the
remainder of the Fund will be sold at par.
This information does not constitute an offering of, nor does it
constitute the solicitation of an offer to buy, securities of the
Issuer. This information is provided solely to introduce the Issuer
to the recipient and to determine whether the recipient would like
additional information regarding the Issuer and its anticipated
plans. Any investment in the Issuer or sale of its securities will
only take place pursuant to an appropriate, private placement
memorandum and a detailed subscription agreement. An investment is
suitable only for persons of substantial net worth that are
willing, and have the financial capability, to bear the economic
risk of an investment for an indefinite period of time. Past
performance is not necessarily indicative of future results and
there is no assurance that the offering will achieve its objectives
or avoid significant losses. There is no public market for the
securities and the Issuer is not required to redeem the units.
Investors should consult their own financial professional for
advice specific to them.
About Caliber
Caliber is a leading vertically integrated alternative asset
management firm whose purpose is to build generational wealth for
investors seeking access to opportunities in middle-market assets.
Caliber differentiates itself by creating, managing, and servicing
proprietary products, including middle-market investment funds,
private syndications, and direct investments which are managed by
our in-house asset services group. Our funds include investment
vehicles focused primarily on real estate, private equity, and debt
facilities. We market our services through direct sales to private
investors, wholesaling to investment advisers, direct sales to
family offices and institutions, and through in-house client
services. Additional information can be found at Caliberco.com and
Caliber Funds.co.
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version on businesswire.com: https://www.businesswire.com/news/home/20230615258712/en/
Caliber: Samantha Vrcic +1 480-295-7600
Samantha.Vrcic@caliberco.com
Media Relations: Kelly McAndrew Financial Profiles +1
203-613-1552 KMcAndrew@finprofiles.com
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