Caliber Completes Sale of Two Additional Land Parcels for Housing Developments in Johnstown, Colorado
CaliberCos Inc. - Class A (CWD)
Company Research
Source: Business Wire
Buyers plan to develop multifamily and single-family rental units to meet the growing housing demand in the area SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Caliber (NASDAQ: CWD), a real estate investor, developer, and manager, today announced the sale of Areas B and C of The Ridge development, each approximately 20-acre parcels of land in Johnstown, Colo., for an aggregate $12.3 million. These are the second and third land sales Caliber has completed in the area for housing development in the past few months as the firm previously announced the sale of South Ridge, an 80-acre parcel of land in Johnstown to Journey Homes for $7.6 million.After fees and other expenses, the sale of The Ridge’s Area B is expected to generate an unlevered internal rate of return of approximately 19.5% for the project, and for Area C, an unlevered internal rate of return of approximately 6.9%. Caliber’s Funds, along with Caliber, will receive approximately $2.1 million in net profit from the sales along with a
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News
- Caliber Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Caliber Reports First Quarter 2024 ResultsBusiness Wire
- Caliber Closes on Another Land Sale in Northern Colorado [Yahoo! Finance]Yahoo! Finance
- Caliber Closes on Another Land Sale in Northern ColoradoBusiness Wire
- Caliber Announces First Quarter 2024 Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
CWD
Earnings
- 5/9/24 - Miss
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Sec Filings
- 5/13/24 - Form 8-K
- 5/10/24 - Form 10-Q
- 5/9/24 - Form 8-K
- CWD's page on the SEC website