Calida’s Flagship investment product, Multifamily Development, is focused on creating exceptional risk adjusted returns for our investors. The investment process starts with identifying and securing exceptional development opportunities in superior locations that will continue to improve into the future. From there, Calida undergoes a painstaking design and entitlement process to help ensure that each community we develop will not only outperform the competition, but will withstand the test of time. Then, Calida overlays conservative financing structures on the project to help ensure financial stability throughout the coming years and economic cycles. Finally, best in class construction administration, property operations and a long-term focus on asset maintenance and resident retention add to the formula.
The results speak for themselves. Superior returns for our investors, while bearing less risk. Resident retention far in excess of the market, and operating profits outperforming the competitive set. The development platform targets both merchant building and build-to-core opportunities in the Western United States with a minimum investment size typically of $15 million and no upper limit. The platform is led by Eric Cohen, whose development experience spans $2,000,000,000 of development nationwide.