Legal & Disclosure

This Important Disclosures was last revised and is effective as of March 1, 2023

Important Disclosures

This website is provided for informational purposes only. Except for the private placement memorandums posted in the password protected pages of the Investor Portal, nothing contained in this material is an offer or solicitation to buy or sell any security. Any offering of securities by Calvera Partners LLC ("Calvera") or its affiliates will only be made pursuant to the terms of a private placement memorandum which set forth among other matters, the terms of the potential investment, the material risks of the investment, and the suitability requirements of investors. In addition, (i) any securities offered to investors that respond to any general solicitation or general advertisement made by Calvera, may be sold only to accredited investors; (ii) such securities will be offered in reliance on an exemption from the registration requirements of the Securities Act of 1933 (the “Securities Act”) and such securities offered are not subject to the protections of the Investment Company Act of 1940 (the “Investment Company Act”) or required to comply with specific disclosure requirements that apply to registration under the Securities Act; (iii) Neither the U.S. Securities and Exchange Commission, nor any state securities regulator, has passed upon the merits of or given its approval to any securities offered by Calvera, the terms of the offering, or the accuracy or completeness of any offering materials or the accuracy or completeness of any of the information or material provided by or through this website; (iv) the securities will be subject to legal restrictions on transfer and resale and investors should not assume they will be able to resell their securities; and (v) investing in securities involves significant risks, and investors should be able to bear the loss of their investment.

Opinions expressed herein are not intended to be a forecast of future events or a guarantee of future result. Although this material may include investment-related educational information, nothing contained herein, or in any other communications made by Calvera, is a recommendation that you purchase, sell or hold any security or other investment, or that you pursue any investment style or strategy. Calvera does not give any advice or make any representations as to whether any security or investment is suitable for you or will be profitable. Calvera does not provide investment, tax or legal advice and each potential investor is encouraged to discuss any potential investment with its financial, tax and legal advisers. To the extent that any information provided by Calvera concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Potential investors should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.

The case studies presented on this website may not reflect the results of all investments made by Calvera and reflect select limited past performance of certain projects. In addition, any performance data listed on this website does not necessary reflect the overall performance of any private funds managed by Calvera, which include multiple properties, some of which have not been sold and which may charge additional fees or carried interest, or have additional expenses, which would reduce the overall performance of an individual project from the perspective of a fund investor. Past performance is not indicative of future results. Calvera is not required by law to follow any standard methodology when calculating and representing performance data; the performance of any projects listed on this website may not be directly comparable to the performance of other investment vehicles or funds. Qualified potential investors can contact Calvera for more current performance date of any private funds managed by Calvera. Statements made by existing investors in Calvera sponsored investment vehicles may not be representative of the experience of all investors and are not a guarantee of future performance or success. Although information in this website has been obtained from sources believed to be reliable, Calvera does not guarantee its accuracy or completeness and accepts no liability for any direct or consequential losses arising from its use.

The types of investment offerings sponsored by Calvera are speculative and entail significant risks that can include losses due to leveraging, lack of liquidity, potential lack of diversification, absence of information regarding valuations and pricing, complex tax structures and delays in tax reporting, less regulation, fee structures, as well as risks generally associated with the ownership of real property: such as uninsured casualty losses from earthquakes, floods, terrorism and other catastrophes, adverse changes in general or local economic conditions, changes in the investment climate for real estate, changes in supply of or demand for competing properties in the area, changes in the interest rates and availability of financing that may render the sale or refinancing of any property difficult or unattractive, changes in governmental rules in real estate and zoning laws, and increases in real property tax rates and federal economic controls. There can be no assurance that the value of any property will exceed its cost or that any property will be able to maintain its value. In addition, there can be no assurance that the sale or refinancing of any property will result in a profit. Potential investors should conduct their own due diligence, and are encouraged to consult with a financial advisor, attorney, accountant, and any other professional that can help you to understand and assess the risks associated with any investment opportunity.

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