(Disclosure: Rose Law Group represents CaliberCos.)
By In Business
PURE Pickleball announced its plans to co-develop a world-class pickleball facility near Talking Stick Resort & Casin. Arizona-based entrepreneurs, Kevin J. Berk, Brett Warner, Kent S. Berk, and David Warner signed a joint venture agreement with CaliberCos Inc. to jointly develop an 11-acre site that is widely considered to be at the epicenter of the most active player community in the sport. Caliber, a real estate investor, developer, and manager, is creating a Qualified Opportunity Zone fund for the single purpose of investment in this business, which means qualified investors will be able to invest in this pickleball venture directly or via Caliber’s diversified funds.
“Caliber has a rich history of investing in communities by developing properties and destinations that meet their growing needs,” said Brian Snider, Senior Vice President, Real Estate for Caliber. “The demand for pickleball continues to exceed all expectations. We are very excited to be a part of this project and believe there is strong interest in the opportunity to invest in such a promising venture. We see opportunity for growth in this concept nationwide.”
