In The Media

Will 2018 Be Another Good Year For Silicon Valley Multifamily?

By Julie Littman / January 3, 2018

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…

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Bay Area Real Estate Firm Buys Rent-Controlled Mountain View Apartment Building for $7M

By Jody Meacham / November 15, 2017

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…

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Revamp, Flip of Sunnyvale Apartments Brings Investor 45% Profit

By SVBJ Staff / August 15, 2017

A 37-unit apartment building in Sunnyvale has sold for $15.7 million — netting the seller a tidy profit for a building it bought just over three years ago and revamped. Calvera Partners said it sold the property at 1090 Saratoga Road at an 89 percent price increase over the $8.325 million it paid for the…

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Calvera Launches National Expansion

By Brian J.Rogal / June 8, 2017

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…

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How Twin Cities Growth Lured in California’s Calvera Partners

By Jim Buchta / June 3, 2017

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.…

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Profile of Brian Milovich in the Alumni Magazine of the University of Minnesota – Carlson School of Management

By Carlson School Magazine / April 27, 2017

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…

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ULI San Francisco Blog: Lessons Learned from “Going Out on Your Own”

By Jake Kraft, Battery Alexander Partners / November 15, 2016

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…

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Multifamily Investor Sells Apartment Community in Hot Silicon Valley Market for Significant Gain

By David Saxe / April 20, 2016

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…

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Calvera Partners Acquires 5 Apartment Buildings in Downtown San Jose, CA

By David Saxe / January 14, 2015

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…

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Calvera Partners Sells Multifamily Community in Santa Clara

By David Saxe / June 20, 2014

Calvera Partners sold the 14-unit apartment complex known as The Green House Apts. for $3.045 million, or about $218,000 per unit. The 7,800-square-foot complex was built in 1958 and is located at 460 N. Winchester Blvd. in Santa Clara, CA. It is comprised of six studios, four one-bedroom/one-baths, and four two-bedroom/one-bath units. There was one…

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