Caliber Completes Sale of South Ridge Land Parcel in Johnstown, Colorado
CaliberCos Inc. - Class A (CWD)
Company Research
Source: Business Wire
Buyer plans to develop 300+ single-family home lots SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Caliber (NASDAQ: CWD), a real estate investor, developer, and manager, today announced the sale of South Ridge, an 80-acre parcel of land in Johnstown, Colo., to Journey Homes for $7.6 million. Caliber purchased the land in September 2021 for $5.38 million as part of its Johnstown Development, an approximately 750-acre master-planned, mixed-use development project. The firm launched a single asset debt offering alongside a land loan secured by Guaranty Bank to fund the acquisition and infrastructure development of the land. After fees and other expenses, the sale is expected to generate an unlevered internal rate of return of approximately 22.9 percent for the project. Caliber earned approximately $1.5 million in profit-sharing interests from the sale of the property and fees earned throughout the life of the project.Located at 2279 South County Road 3 East, in Johnstown, the land sale was compl
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News
- Caliber Announces First Quarter 2024 Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
- Caliber Announces First Quarter 2024 Earnings Release and Conference CallBusiness Wire
- Caliber Completes Sale of Two Additional Land Parcels for Housing Developments in Johnstown, Colorado [Yahoo! Finance]Yahoo! Finance
- Caliber Completes Sale of Two Additional Land Parcels for Housing Developments in Johnstown, ColoradoBusiness Wire
- CaliberCos Inc. (NASDAQ:CWD) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
CWD
Sec Filings
- 5/3/24 - Form 8-K
- 4/29/24 - Form 10-K/A
- 4/16/24 - Form 10-K
- CWD's page on the SEC website