Calvera Partners

Overview

Calvera Partners is a San Francisco-based real estate investment firm specializing in multifamily properties. The firm focuses on acquiring and managing apartment communities in high-potential markets, emphasizing value-add strategies to enhance property value and income. Their investment approach targets underperforming properties in high-growth geographic areas, where they implement creative renovations and repositioning to increase value. Investors benefit from Calvera's expertise in dealmaking, renovation, and management, achieving diversification across various locations. The firm's investment strategy includes purchasing properties at a discount to replacement cost and recent sales comps, addressing deferred maintenance, improving operations, and creating unique branding specific to each building, market, or neighborhood. This approach aims to realize value through stabilization, followed by decisions to sell or refinance the property. Calvera Partners has a track record of successful investments, including the acquisition of The Glens, an 88-unit apartment community in San Jose's Willow Glen neighborhood, and Saddlehorn Vista Apartments in Fort Worth, Texas. Led by Managing Principals Brian Chuck, Brian Milovich, and David Saxe, Calvera Partners has been involved in over $1 billion of real estate transactions. The firm's offices are located in San Francisco, California, and Minneapolis, Minnesota. Their investment focus is on multifamily properties in high-growth markets across the United States, aiming to provide investors with long-term cash flow and superior risk-adjusted returns.

Investment Focus

• Accredited investors

Portfolio Companies