In The Media

Calvera Partners has purchased a 52-unit community in Alameda, Calif., for $16 million. This marks the company’s 12th and final acquisition for its current discretionary investment fund. The acquisition is part of Calvera Partners’ strategic investment plan to reposition vintage multifamily properties in the Bay Area. Moreover, a new fund, The Multifamily Transformation Fund, is…

Silicon Valley’s multifamily market will continue to benefit from strong job growth that is propping up demand for housing as we enter 2018. The ongoing supply/demand imbalance throughout the region will continue to drive both ground-up development and renovation in old properties. Silicon Valley is an ideal market for investment and redevelopment because the housing…

Calvera Partners has purchased a 20-unit rent-controlled apartment building in Mountain View for $7.255 million, part of its continuing strategy to “invest in, redevelop and manage apartment communities in select urban markets.” The purchase price works out to $362,750 per unit. Key to the purchase was that eight units — 40 percent — of Monroe…

MINNEAPOLIS—Calvera Partners recently acquired Grant Street Commons, an 85-unit apartment building located at 515 E. Grant St. in downtown Minneapolis’ Elliot Park neighborhood. The $11.375 million deal is the first in San Francisco-based Calvera’s national expansion, and a sign that Minneapolis has become one of the go-to locations for investors interested in emerging urban markets. The city…

Among apartment investors, it’s no secret that the Twin Cities is one of the healthiest markets in the nation. Rents are on the rise, vacancy rates are below average and the economy is humming. Those attractions lured Calvera Partners, a California-based private real estate investment firm, to launch its national expansion in the Twin Cities.…

After graduating from the Carlson School, Brian Milovich, ’00 BSB, stayed in the area for a while, working for Wells Fargo in the Twin Cities as an analyst and later as a relationship manager. However, the coast was calling him, so he ended up moving to California to complete an MBA and then worked at…

On November 10th, ULI San Francisco convened a panel (Going Out on Your Own: Starting a Real Estate Business) of successful young real estate entrepreneurs to discuss how they decided to go out on their own and how they started their businesses. Ani Vartanian of Rubicon Point Partners interviewed Mike Halow of Premia Capital, an office building investor; Brian Milovich of Calvera…

SUNNYVALE, CA – Calvera Partners announced that it has sold the 42-unit Maude Gardens apartment building in Sunnyvale, CA for $14.8 million ($352,000/unit) to an undisclosed buyer. Calvera purchased the property in 2011 for $6.05 million. Upon taking ownership, Calvera re-branded the property and initiated their repositioning strategy under which they renovated the vast majority…

Calvera Partners, LLC announced today that it has purchased 5 apartment buildings in downtown San Jose, CA through an affiliated entity. Closing of the 45-unit portfolio occurred in stages over the past two months due to having multiple sellers in addition to the off-market nature of the transaction. The properties are all located in close…