Caliber Completes Sale of Two Additional Land Parcels for Housing Developments in Johnstown, Colorado
Caliber’s Funds, along with Caliber, will receive approximately $2.1 million in net profit from the sales along with a return on invested capital of approximately $9.3 million.
- Caliber’s Funds, along with Caliber, will receive approximately $2.1 million in net profit from the sales along with a return on invested capital of approximately $9.3 million.
- Caliber sold Area B of The Ridge to DR Horton (aka Melody Homes, LLC) for $7.1 million.
- “We are very pleased with the recent acceleration in development projects in Johnstown,” said Roy Bade, Chief Development Officer of Caliber.
- Caliber is continuing to develop the remaining parcels of land within The Ridge for residential, retail and mixed-use development.