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Stock impact report

Caliber Closes on Another Land Sale in Northern Colorado [Yahoo! Finance]

CaliberCos Inc. - Class A (CWD) 
Company Research Source: Yahoo! Finance
SCOTTSDALE, Ariz., May 07, 2024 BUSINESS WIRE Caliber (NASDAQ: CWD), a real estate investor, developer, and manager, today announced the sale of an approximately 50-acre parcel of land in Johnstown, Colo., to the Archdiocese of Denver for $7.7 million. Located at County Road 3E and Highway 34, plans call for the construction of a new 450-student Catholic high school along with a chapel, athletic field, and gymnasium. The school will be ideally situated to serve students from the surrounding communities in Northern Colorado. This property was part of an approximately 190-acre parcel purchased in June 2021 by a Caliber-sponsored single asset syndication, Encore FundCo, LLC, for $7.67 million. Since that time, pre-development work has been conducted on the land. Construction on the remaining portion of the larger parcel is expected to begin by mid-2024 and include multifamily, retail, and industrial development. This area is part of Caliber's Johnstown Development, an approximately 75 Show less Read more
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