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Caliber Announces Long-Term Financial Targets for Sustained Growth and Profitability
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Caliber (NASDAQ: CWD; CaliberCos Inc.), a real estate investor, developer, and manager, today announced its long-term
About this update from Calibercos Inc.
[{"type":"text","content":" SCOTTSDALE, Ariz.--(BUSINESS WIRE)--\nCaliber (NASDAQ: CWD; CaliberCos Inc.), a real estate investor, developer, and manager, today announced its long-term financial targets for sustained growth and profitability. The company completed its initial public offering on May 19, 2023.\n\n\nCaliber has set the following financial targets:\n\n\n\nCumulative fundraising of $750 million for the period 2024-2026\n\n\n\nAssets under Management (AUM1) target of $3 billion by year-end 2026\n\n\n\nAnnualized segment revenue of $50 million by year-end 2026\n\n\n\n“For more than 15 years, Caliber has developed profitable investment strategies in real estate and private credit and made them broadly available to investors – individual investors, RIAs, family offices and boutique institutions – who previously were excluded from investing in these highly attractive asset classes,” said Chris Loeffler, CEO of Caliber.\n\n\n“Today, Caliber has $822 million in AUM and more than $2.1 billion in assets under development. We have a proven track record of success of investing in real estate, including multifamily, hospitality, office-to-residential conversions, retail, entertainment, and mixed-use development in qualified opportunity zones. The opportunities to invest in real estate at attractive prices are growing, and Caliber is well-positioned to be a top choice for investors who are aligned with our viewpoint. Caliber has a robust pipeline of attractive middle-market investment opportunities, expanding fundraising, and recently launched investment strategies that are not over-indexed to the prior real estate market. Importantly, Caliber has a successful history of raising non-dilutive capital through its private funds business model and investing that capital into distressed real estate to grow our total assets under management. All of this positions Caliber to deliver sustained growth and returns to our shareholders over the long term.”\n\n\nCaliber’s strategy includes initiatives to drive organic growth, develop new platforms and launch new public vehicles.\n\n\n1. Expand fundraising activity to reach a cumulative target of $750 million for the period of 2024-2026, enabling Caliber to accelerate growth in its AUM.\n\n\n\nInvestment in strategic marketing initiatives to drive fundraising in Caliber’s private client channel to grow existing accounts ...