CaliberCos (CWD) Registration filing summary

Company overview and business model

• Operates as a diversified alternative asset management firm with over $2.9 billion in assets under management and development, focusing on middle-market real estate, private equity, and debt investments.

• Provides vertically integrated investment management, including fund setup, management, financing, development, construction, and brokerage services.

• Earns revenue from fund setup, management, financing, development, construction, brokerage fees, and performance allocations, with typical fund management fees ranging from 1.0% to 1.5% of unreturned capital contributions.

• Involved in significant development projects, including multifamily, single-family, commercial, industrial, office, and retail, with $2.1 billion in estimated costs to complete as of March 31, 2024.

Financial performance and metrics

• As of June 13, 2024, the aggregate market value of Class A common stock held by non-affiliates is $9,651,074, based on 10,327,527 shares at $0.9345 per share.

• No securities have been sold under the current shelf registration in the 12 months prior to the filing.

Use of proceeds and capital allocation

• Net proceeds are expected to be used for general corporate purposes, including working capital, administrative expenses, and potential acquisitions or investments in real estate assets, businesses, products, or technologies.

• Management retains broad discretion over the allocation and timing of expenditures.