In the Media

Calvera Partners scoops North Dallas apartments “at steep discount”

Despite a recent slowdown in lending and starts, some multifamily investment sales and development deals are still getting across the finish line in Texas. A San Francisco-based multifamily investment firm has purchased its second property in Dallas-Fort Worth. Calvera Partners bought the 152-unit 27TwentySeven, at 2727 Kings Road in North Dallas. The price wasn’t disclosed,…

Calvera Partners Acquires Dallas Multifamily Property

San Francisco (June 11, 2024)—Calvera Partners, a San Francisco-based multifamily real estate investment firm, recently acquired 27TwentySeven Apartment Homes in Dallas, TX. This purchase is Calvera’s second acquisition in the Dallas-Fort Worth metro (DFW) and the first acquisition in its latest investment fund, the Calvera Income and Growth Fund. The 152-unit boutique property is in…

Calvera Partners Acquires Fort Worth Multifamily Property

Calvera Partners, recently acquired Saddlehorn Vista Apartments in Fort Worth, TX. This purchase is Calvera’s first acquisition in the Dallas-Fort Worth metro (DFW) and the final acquisition in its third value-add investment fund, the Multifamily Transformation Fund.

Calvera Launches Multifamily Fund Seeking $100M in Capital

San Francisco-based real estate investor and operator Calvera Partners has announced the launch of its Calvera Income and Growth Fund, the firm’s fourth discretionary private real estate fund. The Fund is seeking more than $100 million in capital commitments from accredited investors to acquire a portfolio of multifamily properties in high-growth markets. The Fund will…

Calvera’s Investment in Active Austin Market Pays Off

A splash of paint here, some new appliances there, and tidy profits are possible flipping apartments in Austin. Just ask Tradewind Properties or Calvera Partners, firms that recently proved potential for returns for value-add complexes is still high in the Austin market. Wildhorn Capital Operations purchased the 284-unit Class B complex at 8054 Exchange Drive…

Reimagined Library-Themed Apartments Complex Nets 65% Gain for Calvera Partners’ Investors

Calvera Partners, a national real estate investor and operator, is pleased to announce the sale of the final building at “The Stacks”, a six-building apartment community located just blocks away from San Jose State University.

Sold: Carrboro Apartments Fetch $40 Million from Investment Group

Sold: Carrboro Apartments Fetch $40 Million from Investment Group

A Carrboro apartment complex changed hands last week when a Minnesota investment firm spent $40 million on the deal.

Calvera Closes $31.6 Million U.S. Multifamily Value-Add Investment Fund

Calvera Closes $31.6 Million U.S. Multifamily Value-Add Investment Fund

Calvera Partners, a national real estate investor and operator, is pleased to announce the closing of its latest multifamily value-add investment fund, The Calvera Multifamily Transformation Fund (“Fund 3”), with $31.6 million of equity commitments, surpassing its $30.0 million target.

Calvera Targets $30 Million+ in Capital Commitments

Calvera Targets $30 Million+ in Capital Commitments New Multifamily Transformation Fund Now Open to Accredited Investors August 14, 2019, San Francisco, CA — Calvera Partners, a leading Bay Area real estate investment firm, has launched its third discretionary private real estate fund, seeking more than $30 million in capital commitments from accredited investors. Open only…

Calvera Partners Expands Value-Add Portfolio

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…

Will 2018 Be Another Good Year For Silicon Valley Multifamily?

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…

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

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…

Revamp, Flip of Sunnyvale Apartments Brings Investor 45% Profit

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…

Calvera Launches National Expansion

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…

How Twin Cities Growth Lured in California’s Calvera Partners

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….

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

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…

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

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…

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

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 Acquires 5 Apartment Buildings in Downtown San Jose, CA

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…

Calvera Partners Sells Multifamily Community in Santa Clara

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…

YLG Talks Starting Your Own Fund

At the YLG Peer to Peer: Real Estate Entrepreneurship 101 workshop on March 6, 2014,  a crowd of young leaders filled a conference room to capacity to hear two of the founders of Calvera Partners, David Saxe and Brian Milovich, discuss their experience as start-up real estate investors.  Saxe, with a family history in real…

Calvera Partners Buys More Sunnyvale Apartments, Plans Major Upgrade

Calvera Partners has taken another bite of Sunnyvale, acquiring a 37-unit apartment building that the San Francisco-based company intends to renovate. It’s the second Sunnyvale pickup and the fifth overall in Silicon Valley for Calvera, which was formed in 2010 by a team of industry veterans. Calvera picked up the building at 1090 Sunnvyvale-Saratoga Road…

Calvera Partners Picks Up Sunnyvale Apartments

Calvera Partners LLC has acquired a 42-unit apartment complex in Sunnyvale for an undisclosed amount. San Francisco-based Calvera plans to upgrade certain unit interiors by installing hardwood floors, new appliances and updating kitchen countertops. Once renovations are complete, Calvera plans to rename the property “Maude Gardens.” Located at 524 E. Maude Ave., the complex was…

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