167 Units – $9.2M Total Deal Size
After nearly 6 months of deal-making, due diligence, and hard work, Caliber is pleased to announce the closing of Sunrise Apartments. This property is well located an a fantastic value-add opportunity for Caliber’s Distressed Real Estate Income Fund. With many thanks to team at Hendricks-Berkadia for brokering the transaction and Stearns Bank for funding the acquisition and renovation financing, Caliber’s management team now goes to work to complete a full asset re-positioning.
For more information on CDIF, LLC, visit our most recent Fund Update.
167 units at 90%+ occupancy at closing.
Property amenities will be upgraded in a planned $4,000,000 renovation.