Distressed Entire Downtown Mesa Has Been Bought (Just In Case You Didn't Know)

Your MesaZona blogger has been saying this all along since 2017. Now you can hear that fact directly from Caliber's CEO Chris Loeffler right here and right now in 4 minutes.
They started out flipping houses and now they've bought an entire downtown: Mesa.
REAL ESTATE PRIVATE EQUITY
MONOPOLY JOCKS
REAL ESTATE SYNDICATION
O Yeah! We got all here in "The Old Donut-Hole"

They knew ahead of time what was "coming down the road" before November in 2017. Yes, every deal has a story and it started months and years before the public it . . .
What was Caliber's Secret Sauce? 
Certainly NOT Transparency in any way, shape or form.
All "the deals" to scoop up a portfolio of first eight and then ten commercial properties right here on Main Street were all done behind the scenes. The structures used were the formation and register of holding companies.
As far as the Relationships go, it's the same closely-connected cohorts - some who hold public state and local office - who all have schemes for their own private wealth creation. 

Conflicts-of-interest. . . Who's asking?

After rumors for months - and a downtown Mesa Bus Tour in Nov 2017, we found out that then current AZ Senator Bob Worsley was forced to come out in public at a Mesa City Council Study Council [joined by Revolving-Door U.S. Congressman Matt Salmon and high-salaried ASU lobbyist, sitting behind him with a middle-finger under his nose, to admit he was privately gambling in rampant real estate speculation at the same time holding public office, scooping up ten commercial properties in holding companies with his wife as CH Holdings LLC.

The neglected and distressed downtown Mesa had turned into an Opportunity Zone for their own private wealth-creation. Worsley did this in public office.
Mesa Mayor John Giles does this also from the time he filled in the unexpired term in 2014 for former mayor Scott Smith. Giles is now serving his first elected 4-year term

Featured Speaker: Mesa Mayor John Giles

Take a look at this upcoming 7th Annual Caliber Summit Arizona Access

EDUCATE UPDATE CONNECT

May 2 - 4, 2019 | Phoenix, Arizona

Source: https://www.caliberco.com/annualsummit/

The world of investing has fundamentally changed – knowing this, we’ve made it our mission to not only create a better way to invest, but to educate and empower individual investors along the way.
Join us for our 7th Annual Caliber Summit: Alternative Access 2019 for your chance to connect with world class experts in a fun and approachable environment. Guests will gain knowledge from seasoned industry insiders, stay up to date with live property tours and updates and connect with like-minded individuals – all while gaining access to wealth building alternatives you deserve.
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At the same time Worsley formed a partnership with his own campaign manager Kent Lyons and W Tim Sprague (at left)[Found:Re Hotel in Phoenix] in a development company Habitat Metro.
Here's Mayor John Giles standing in the middle of Main Street with two other Caliber Wealth Fund principals in 2018

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Here's the 4-minute streaming video uploaded to YouTube where CEO Chris Loeffler tells how he started out in foreclosures just a few years ago and then gives his best spin on the company now making deals in Opportunity Zones and establishing Qualified Opportunity Funds - all of these subjects have been featured in multiple posts on this blog before.
Listen to what Chris Loeffler has to say . . . Pay close attention and play it again.

Published on Apr 11, 2019

Views: 12 at the time of upload to this blog

Length: 04:47

Caliber, the Wealth Development Company, is a Scottsdale-based real estate investment firm co-founded by CEO Chris Loeffler. The company has always focused its energy on alternative investment opportunities for clients, and now it’s diving into a new market: opportunity zones. Investors who create economic development and growth in areas that need it can get a tax break on capital gains, creating a win-win situation for investors and communities alike.

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RELATED CONTENT: They reward their own

Readers of this blog have had the opportunity to know who owns this so-called "independent" - The Times Media Group that also owns The East Valley Tribune.
The new editor is Wayne Schutsky, who was promoted from his previous position as a reporter

Caliber CEO Chris Loeffler receives Vistage Leadership Award

Apr 1st, 2019 · by Scottsdale Independent · Comments: 0   

Chris Loeffler (Submitted photo)

The CEO peer-advisory organization, Vistage, recently announced the winners of its 2019 Arizona Member Excellence Awards.

Among the three honorees was Chris Loeffler, the founder and CEO of Caliber-The Wealth Development Company, according to a press release.

[This report is a press release with the image submitted by Chris Loeffler who looked like that, who-know-when]

 

Mr. Loeffler was presented with the Vistage Impact Award for making an impact on the group and demonstrating company growth and business development, according to the release, adding that the organization has emerged as an “early adopter and industry-leading expert in opportunity zones” under his direction.

Created by the Tax Cuts and Jobs Act of 2017, opportunity zones are designed to spur economic development in underserved communities by providing tax incentives, noted the release.

Caliber was among the first organizations to open a Qualified Opportunity Fund for investors to take advantage of the capital gains tax reduction program, the release detailed

https://www.scottsdaleindependent.com/news
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MORE RELATED CONTENT Please note the image inserted if from the author of this post, not the reporter from Crain's who published this in 2016

In this ongoing series, we ask executives, entrepreneurs and business leaders about mistakes that have shaped their business philosophy.

Chris Loeffler

CEO and co-Founder, Caliber – The Wealth Development Company

By Sean Kennedy

Background:  

Caliber - The Wealth Development Company is a diversified real estate investment firm offering alternative strategies for growing wealth through real estate private equity and creating long-term cash flow. The Scottsdale company ranked second on Real Estate Forum Magazine’s list of fastest-growing, mid-sized U.S. companies in 2016.

The Mistake:
"Early on, I didn’t truly understand the concept of alignment of interests, especially as it relates to financial compensation.
When we started our company, we had an auction business. We were buying and selling properties in the foreclosure auctions, so we started adding team members. As we did that, the volume of homes we were buying went up. We went from buying one or two homes per month to buying 30 homes per month. . . "
The Lesson:
"We didn’t have an alignment of interests. Our team was aligned toward acquiring properties, not toward acquiring profitable properties. We’ve now baked the concept of profitability into everything we do. Literally, every one of our models is designed so that if we make a profit, it comes after or with our clients, instead of before.
At the end of the day, if you design a structure where the best possible decision that a team member can make creates the best possible outcome for the company, as well as for your clients, you’ve designed an alignment of interests. It really doesn’t allow people to make decisions that are contrary to our business or our clients.

If you don’t do that, then you’re relying purely on their decision-making ability or their moral compass. Sometimes that breaks down. So, I think that structure is important and, as a business person, I focus a lot on structure."
Source: https://www.crains.com