Caliber Refinances Doubletree by Hilton Tucson Hotel Property

Core Insights - Caliber successfully closed a $22.5 million refinance for the DoubleTree by Hilton Hotel in Tucson, Arizona, which is part of its Tax-Advantaged Opportunity Zone Fund [1][2] - The proceeds will be utilized to strengthen the asset and support reinvestment across the Fund's portfolio, enhancing growth and value creation [2] - The transaction highlights the long-term value of the hotel asset and marks Caliber's first financing with Citi and first closing with Arriba Capital [3][4] Company Overview - Caliber manages over $2.9 billion in assets and specializes in hospitality, multi-family residential, and multi-tenant industrial sectors [6] - The company focuses on strategic real estate investments in high-growth markets across the Southwest, aiming for long-term risk-adjusted returns while positively impacting communities [4] - The Tax-Advantaged Opportunity Zone Fund currently manages approximately $271 million across 18 individual real estate assets and is closed for new investments [4]