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Caliber Property Spotlight | Mesa, Arizona
Caliber, a seven-time honoree of the Inc. 500|5000 “Fastest Growing Private Companies in America,” is a full-service, vertically-integrated private real estate investment company that owns multi-family, commercial, hospitality, and self-storage properties across the Southwest. Among them are 10 historic buildings in downtown Mesa, Arizona. Labeled by the federal government as a Qualified Opportunity Zone, this 138 square-mile desert city is expected to benefit from the region’s population growth and the addition of a new Arizona State University campus.
Caliber intends to revitalize the Main Street district – in February of 2018, Caliber purchased eight retail buildings located in the heart of downtown Mesa that will provide new office spaces, restaurants, and entertainment venues. Combined, the buildings take up 160k square feet of space and occupy 20% of the main frontage on the popular Main Street.
The Mesa property has caught Washington’s attention – Caliber recently hosted Scott Turner, Executive Director of the White House Opportunity and Revitalization Council, and Ashley Bell, White House Special Advisor. In conjunction with city government and like-minded investors, Caliber aims to revitalize the buildings to bring new life into a once thriving downtown.
Caliber’s campaign on SeedInvest is successfully funded & still accepting investments.
What are opportunity zone funds?
Opportunity zones, which were first conceived in 2018, are defined as “economically-distressed communities where new investments, under certain conditions, may be eligible for preferential tax treatment.” Caliber’s Opportunity Zone Fund not only provides diversified exposure to real estate and the potential for tax benefits, but it also helps invest in America’s local communities.