SCOTTSDALE, Ariz., May 21, 2025 (GLOBE NEWSWIRE) -- Caliber (NASDAQ:CWD), a real estate investor, developer, and manager, announced today the successful closing of a $22.5 million refinance for the DoubleTree by Hilton Hotel in Tucson, Arizona. The property is held within Caliber's Tax-Advantaged Opportunity Zone Fund. Citi provided the funding and Arriba Capital served as the financial advisor on the cash-out refinance. Proceeds from the transaction will be used to further strengthen the asset and support reinvestment across the Fund's portfolio, advancing ongoing growth and value creation within Caliber's Opportunity Zone strategy. "The DoubleTree by Hilton Tucson Downtown Convention C

SCOTTSDALE, Ariz., May 16, 2025 (GLOBE NEWSWIRE) -- Caliber (NASDAQ:CWD), a real estate investor, developer, and manager, today announced that on May 16, 2025, it received written notice (the "Compliance Notice") from The Nasdaq Stock Market LLC ("Nasdaq") informing the Company that it has regained compliance with Nasdaq Listing Rule 5550(a)(2) which requires that companies listed on Nasdaq maintain a minimum bid price of $1.00 per share. As previously disclosed, on May 14, 2024, the Company was notified by Nasdaq that it was not in compliance with Nasdaq Listing Rule 5550(a)(2) because its common stock failed to maintain a minimum closing bid price of $1.00 per share for 30 consecutive b

SCOTTSDALE, Ariz., May 15, 2025 (GLOBE NEWSWIRE) -- Caliber (NASDAQ:CWD, "CaliberCos Inc.")), a real estate investor, developer, and asset manager, today reported results for the first quarter ended on March 31, 2025. First Quarter 2025 Platform Financial Highlights (compared to First Quarter 2024) Platform revenue of $3.5 million, compared to $4.7 million Asset management revenue of $3.5 million drove the stated resultsNo significant performance allocations were earned, compared to prior period Platform net loss of $4.1 million, or $3.59 per diluted share, compared to Platform net loss of $3.6 million, or $3.30 per diluted sharePlatform Adjusted EBITDA loss of $1.4 million, compared to

SCOTTSDALE, Ariz., May 13, 2025 (GLOBE NEWSWIRE) -- Caliber (NASDAQ:CWD), a real estate investor, developer, and manager, today announced the launch of Caliber Hospitality Development, LLC ("CHD"), a joint venture between Caliber and GIA Hospitality, LLC ("GIA"). CHD will serve as the exclusive development platform for Caliber's opportunistic hospitality investments, with a focus on acquiring distressed hotel assets and developing extended stay hotels in high-demand markets. The joint venture was seeded with an initial $2 million investment from GIA and is supported by Caliber's integrated real estate services, including development, construction, finance, and asset management. CHD will

SCOTTSDALE, Ariz., May 08, 2025 (GLOBE NEWSWIRE) -- Caliber (NASDAQ:CWD), a real estate investor, developer, and manager, today announced that its joint venture development, PURE Pickleball & Padel™ has gained Design Review approval from the Salt River Pima-Maricopa Indian Community (SRPMIC) Planning Department. This approval positions the project to seek a building permit once final construction documents are complete, with a planned ground-breaking shortly after receiving the permit. PURE Pickleball & Padel™ is developing an 11+ acre site in the Riverwalk Development Project located in the Talking Stick Entertainment District, a 100-acre site in the SRPMIC adjacent to Scottsdale. PURE w

SCOTTSDALE, Ariz., May 08, 2025 (GLOBE NEWSWIRE) -- Caliber (NASDAQ:CWD), a real estate investor, developer, and manager, today announced that it will release its first quarter 2025 financial results after the close of the market on Thursday, May 15, 2025. Management invites all interested parties to its webcast/conference call the same day at 5:00 pm ET to discuss the results. Investors and interested parties can access the live earnings call by dialing (800) 715-9871 (domestic) or (646) 307-1963 (international) and ask to join the Caliber call or use conference ID 8746759. To listen to the call online, investors can visit the investor relations page of Caliber's website at https://ir.c

SCOTTSDALE, Ariz., May 06, 2025 (GLOBE NEWSWIRE) -- Caliber (NASDAQ:CWD), a real estate investor, developer, and manager, today announced that it has entered into a Development Rights Agreement with an affiliate of Hyatt Hotels Corporation (NYSE:H) to develop 15 new Hyatt Studios hotels in the United States. Under the terms of the agreement, Caliber Hospitality Development ("CHD") will receive exclusive development rights for future development of Hyatt Studios hotels in target market areas within Arizona, Colorado, Nevada, Texas and Louisiana. Construction on the first hotel, located in Georgetown, Texas, a city within the Austin metropolitan district, is expected to break ground in the f

SCOTTSDALE, Ariz., April 30, 2025 (GLOBE NEWSWIRE) -- Caliber (NASDAQ:CWD), a real estate investor, developer, and manager, today announced that it will effect a 1-for-20 reverse stock split ("Reverse Stock Split") of its Class A common stock, par value $0.001 per share ("Class A Common Stock") and Class B common stock, par value $0.001 per share ("Class B Common Stock", together with the Class A Common Stock, the "Common Stock"), that will become effective on May 2, 2025, at 12:01 a.m. Eastern Time. The Class A Common Stock will continue to trade on The Nasdaq Capital Market ("Nasdaq") under the existing symbol CWD and will begin trading on a split-adjusted basis when the market opens on

Unanimous Phoenix City Council vote paves way for distressed office conversion to multifamily residential Caliber (NASDAQ:CWD), a real estate investor, developer, and manager, today announced the recent Phoenix City Council's unanimous approval of the Company's Canyon Village redevelopment project. The project has successfully rezoned and received all necessary government approvals to retrofit a distressed +300,000 square foot office building to a 376-unit rental multifamily residential building. The project also benefits from opportunity zone tax incentives. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250422510079/en/Caliber

Caliber (NASDAQ:CWD, "CaliberCos Inc." or "the Company")), a real estate investor, developer, and asset manager, today announced the closing of its underwritten public offering of total units for gross proceeds of approximately $900,000, prior to deducting underwriting discounts and commissions and offering expenses. The offering was comprised of 2,400,000 units, priced at a public offering price of $0.375 per unit, with each unit consisting of one share of Class A common stock and one right to acquire one-fifth (1/5th) of one share of Class A common stock. Caliber intends to use the net proceeds from the Offering to repay debt and for working capital and general corporate purposes. Craf