Multifamily Zero Energy Communities In New Arizona Real Estate Fund

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The Editors's picture
New Arizona fund features multifamily zero energy communities

A Scottsdale, Arizona firm has opened a new $100 million commercial real estate fund that includes multifamily zero energy ready communities plus access to grow wealth with ownership in apartments, hotels, office, self-storage and similar properties for accredited investors, according to a release.

The fund will invest in “middle market” U.S. commercial real estate assets that can deliver attractive risk-adjusted return through a combination of current income and capital appreciation, following a similar strategy of the company’s previous commercial fund, which was closed one year early, over-subscribed.

“Providing our clients with insider-level access to secure commercial investments that offer superior risk-adjusted returns and growth potential is the primary purpose in building this fund,” Chris Loeffler, Co-Founder and CEO of Caliber, said in a release.

“Focusing on assets that are too large or complex for local investors and too difficult to execute for institutional REITs, Caliber will invest in $5 to $40 million dollar projects with very little competition,” he said.

Multifamily zero energy ready communities

Projects under development that clients have an opportunity to invest in, for example, include The Eclipse (Scottsdale, AZ) and The Roosevelt (Tempe, AZ) multi-family zero energy ready communities.

These new Caliber developments are garnering national attention for Arizona as two of the state’s most innovative zero energy townhome communities elevating sustainable, green living and incorporating the newest home automation technologies.

The multifamily zero energy Eclipse project

The new $9.1-million, 20-unit townhome project will have technology innovations like Apple/Google integration, amenities and designer finishes for a unique residential lifestyle.

Caliber will utilize the latest innovations from product manufacturers to introduce home automation in areas like virtual assistants, energy management, security, locks, cameras, smoke detector, electrical control, lighting and outdoor sprinklers in the multifamily zero energy project.

Smartphone applications will help control these aspects while in and out of the home. Two robust Eclipse model units will serve as exploration playgrounds for homebuyers to add and customize options based on their living requirements. Home prices will start at $400,000 and adjust for view premiums, technology upgrades and size, according to the release.

Multifamily zero energy apartments available in latest Caliber fund in Arizona

“Scottsdale is very pleased to welcome Caliber’s innovative and technologically advanced development project to our City,” Scottsdale Mayor Jim Lane said in a release at the time the company broke ground earlier this year on the multifamily zero energy project.  “Eclipse will offer citizens the opportunity to live in first-class residences while incorporating the latest in energy saving and home automation innovations being used for one of the first times in our state. The city of Scottsdale continues to capture national attention for our inventiveness, which is extending economic opportunity to all our residents while also protecting Scottsdale’s resources and historic character.”

 “Maricopa County is increasingly being recognized as a leader in the nexus of technology, wise energy use and economic growth,”  Maricopa County Supervisor District 2 Steve Chucri said in a release. “This latest project by Caliber Development is an outstanding example of combining state of the art energy saving technology with premiere housing opportunities in Scottsdale’s business corridor.”

Available to accredited investors directly or by recommendation from Registered Investment Advisors (RIAs), the Fund provides a level of direct access to off-market projects.

“We are deeply grateful for the continued support of our investors who we work diligently for to provide the best returns,” Loeffler said in a release.

Caliber investor J. Alan Reid, who previously served as director and CEO of Forward, an investment advisor with over $6 billion under management said in the release, “What sets Caliber apart is access to tax favored real estate investments which are both opportunistic and discounted below market value. Having access and building wealth through these diversified types of commercial assets is a significant benefit and are typically not available to most accredited investors.”

Capital previously invested through hundreds of Caliber’s private accredited clients and RIAs has led to the company’s rapid success in repositioning over $300 million in real estate assets. These assets play a key role in economic opportunity and development landscape. In 2016, Caliber’s asset acquisitions and re-development projects earned the company recognition as the Greater Phoenix Chamber of Commerce Economic Driver award.

In addition to this $100 Million Caliber Opportunity Fund, the company also manages the Caliber Residential Advantage Fund, LP, which offers the capital preservation, appreciation and passive income producing benefits of residential property ownership without the burden of daily management.

Caliber CEO and Co-Founder Chris Loeffler was recently named 2017 Phoenix Business Journal “40 Under 40” Honoree.

About Caliber - The Wealth Development Company

Caliber is a market leader in providing individual accredited investors and registered investment advisors with well-structured alternatives to traditional investments. The company builds wealth by forming and managing real estate private equity investments, either through individual assets or multi-asset funds. The company offers an approachable, full-service investment experience with more than 600 team members working to care for over $250 million assets under management in commercial, residential, multi-family, self-storage and hospitality real estate in Arizona, Nevada, Colorado and Alaska. Individuals interested in learning about the Caliber Diversified Opportunity Fund II, LP can call 480-295-7600 or email Invest@caliberco.com.

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