Caliber Closes On Another Land Sale In Northern Colorado To The Archdiocese Of Denver For $7.7M
Portfolio Pulse from Benzinga Newsdesk
Caliber (NASDAQ:CWD), a real estate investor, developer, and manager, announced the sale of a 50-acre parcel in Johnstown, Colorado, to the Archdiocese of Denver for $7.7 million. The land, part of a larger 190-acre purchase in June 2021, is intended for a new Catholic high school. This sale is part of Caliber's Johnstown Development, a 750-acre master-planned project. The development is expected to include multifamily, retail, and industrial spaces, aiming to boost the Northern Colorado area's growth and investment.
May 07, 2024 | 12:41 pm
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POSITIVE IMPACT
Caliber's sale of a 50-acre parcel to the Archdiocese of Denver for $7.7 million highlights its strategic asset management and development capabilities. This transaction, part of a larger development project in Northern Colorado, showcases Caliber's role in fostering regional growth and attracting investment.
The sale of the land parcel not only generates revenue for Caliber but also reinforces its strategic position in Northern Colorado's growing real estate market. This move is likely to be viewed positively by investors, as it demonstrates effective asset management and the potential for future gains from the ongoing development projects.
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