AZRE | AZBigMedia
Despite the economic turbulence swirling around Coronavirus chaos, Arizona- based real estate investment firm Caliber is forging a path forward and opens investing to the public for the first time in its 12-year history, which in short order has already attracted more than $600,000 in new capital.
Company co-founders Chris Loeffler and Jennifer Schrader in February made a presentation and soft rollout of the raise to investors, local dignitaries and other stakeholders, but went all-in once their online portal was ready to accommodate investor transactions. At the same time, as the scale of the current health crisis took shape, Caliber proactively donated excess hotel room capacity from its portfolio to assist frontline medical teams and began to assess current and future real estate holdings.
“It may seem counter-intuitive to continue with the offering with all the unrelated events happening in our community, but that is exactly when smart investors move forward,” Loeffler says. “Remember that Caliber was born out of the uncertainty and calamity of the 2008-09 crash, and as painful as it was, we are also proud that we were able to build wealth for our customers while saving properties and helping rebuild neighborhoods along the way.”
