“We are excited to establish a presence in the DFW market, which we have been monitoring for some time. In Saddlehorn, we are acquiring a stable asset with strong cash flow and potential for value creation,” said Brian Chuck, Managing Principal of Calvera. “We have patiently waited over the past two years as property values peaked in 2021 and then stabilized with the increase in interest rates. As a result, we are now able to purchase the property at a healthy discount compared to prices a year ago, in a city that is the fastest growing city in America.”
Saddlehorn Vista is the fourth and final investment made by the Multifamily Transformation Fund. The fund has previously acquired properties in Austin and Fort Worth, TX, Carrboro (Chapel Hill), NC, and Oakland, CA, with a total investment of approximately $113 million. With the current fund fully invested, Calvera is now focused on its recently launched fund, The Calvera Income and Growth Fund. This new fund is designed as a perpetual “evergreen” investment vehicle, allowing Calvera to take a long-term approach to multifamily investment opportunities.
About Calvera Partners
Calvera is led by Managing Principals Brian Chuck, Brian Milovich, and David Saxe, all of whom have previous experience working for a large institutional real estate fund manager with an assets under management (AUM) of approximately $30 billion. They have collectively been involved in over $1 billion worth of real estate transactions. Through their series of funds and individual acquisitions, Calvera has invested approximately $73 million in 15 multifamily real estate transactions, representing around 1,200 apartment units in four states and a total value of $170 million.
For more information about Calvera Partners, call 844.322.7900 or visit www.calverapartners.com.
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Media Contact
David Saxe, Calvera Partners, 1 844.322.7900, [email protected], www.calverapartners.com
SOURCE Calvera Partners
