PORTFOLIO
Buena Vista Apartments
(Alameda, CA)
Purchased in 2019, this 52-unit community in Alameda, CA is situated 3 miles from downtown Oakland and 14 miles from San Francisco. The three-story building was constructed in 1964 and will be rebranded and renovated to include upgraded amenities and features.
FIT Apartments
(Minneapolis, MN)
This 85-unit, 8-story, building located in downtown Minneapolis was acquired in 2017. The property has been rebranded and repositioned to create a new rental niche in a burgeoning urban neighborhood.
The Stacks (San Jose, CA)
This collection of buildings just off the campus of San Jose State University was refreshed from 2015 to 2016 based on a college library concept with improved amenities and features. Two of the properties were sold in 2018 for 81% more than their respective purchase prices.
pksl (Sunnyvale, CA)
Located in the birthplace of video gaming, pksl was purchased in 2014 and transformed with inspiration from its surrounding technology heritage. Calvera sold the property in 2017 for a net IRR to investors of 18.7%.
Monroe Villa (Mountain View, CA)
This 20-unit building located in close proximity to downtown Mountain View and Caltrain was acquired in 2017 from the family that built the building in 1963. The property will receive strategic improvements, including re-branding, and exterior and interior upgrades.
Maude Gardens (Sunnyvale, CA)
This 42-unit building was acquired in 2011 and is located close to downtown Sunnyvale and its Caltrain station. Calvera increased rental revenue by 66% via renovations and leasing, and sold the property in 2016 for a net IRR to investors of 37.9%.
505 Columbia Avenue (Sunnyvale, CA)
Calvera purchased this five-unit building in October 2013 and combined its management with neighboring Maude Gardens for cost efficiencies. Rental revenue was increased by 75% and in 2015 the property sold for a net IRR to investors of 161.5%.
The Green House Apartments (Santa Clara, CA)
Calvera acquired this 14-unit building in 2012, and increased rental revenue by 34% through leasing, renovations, and utility reimbursements. The property was sold in 2014 for a net IRR to investors of 44.1%.
45 N. 8th Street (San Jose, CA)
In 2015, Calvera acquired this ~100 year old, 12-unit building in downtown San Jose for a below market price. The property received extensive upgrades, including a new foundation. The property was sold in 2017 for a net IRR of 34.9%.
68 Topeka (San Jose, CA)
Purchased in 2011, this building is located near Santana Row, the shopping and dining destination of Silicon Valley. Significant renovations and a new management plan increased operating income by 30% before Calvera sold the property in 2012 for a net IRR of 23.3%.
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What can Calvera do for you?
Investors in Calvera represent a wide range of investment needs and goals, from improved cash flow in the short term to retirement strategies for the future. To learn more, read our Calvera Partners Success Stories.[/norebro_text]
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