Caliber Launches Core+ Growth & Income Fund

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.”