Core Insights - Caliber has announced a 10-year exclusive partnership with Wolfgang Puck Catering for its PURE Pickleball & Padel™ development, which will include various food and beverage services across multiple venues within the facility [1][3] - The PURE facility aims to be the largest indoor pickleball and padel facility globally, covering over 196,726 square feet and featuring a 1,200-seat pro arena, 40 indoor pickleball courts, and 8 indoor padel courts [2][6] - The partnership will also focus on co-marketing events that combine sports and culinary experiences, enhancing the overall guest experience [1][3] Company Overview - Caliber is a real estate investor and developer with over $2.9 billion in managed assets, specializing in hospitality, multi-family residential, and multi-tenant industrial sectors [5] - The company has created the Pickleball at Riverwalk Fund to attract investments from accredited investors and qualified opportunity zone funds, targeting the growing pickleball and padel markets [3][5] Industry Context - The rise of pickleball and padel is noted as a significant trend in the U.S. and globally, with increasing popularity among sports enthusiasts [3] - The PURE facility is expected to attract approximately 500,000 visits annually and host major tournaments, positioning it as a key player in the rapidly growing sports sector [6]

Core Insights - Caliber's joint venture, PURE Pickleball & Padel, has signed a 10-year exclusive agreement with Wolfgang Puck Catering to provide food and beverage services for its new facility [1][3] - The facility aims to be the largest indoor pickleball and padel venue globally, covering over 196,726 square feet and featuring a 1,200-seat pro arena, 40 indoor pickleball courts, and 8 indoor padel courts [2][8] - The partnership will also focus on co-marketing events that combine sports and culinary experiences, enhancing the overall guest experience [1][3] Company Overview - Caliber is a real estate investor and developer with over $2.9 billion in managed assets, specializing in hospitality, multi-family residential, and multi-tenant industrial sectors [7] - The company has a 16-year track record and aims to invest in overlooked projects and strategies, providing a competitive advantage [7] - PURE Pickleball & Padel is positioned as a member-focused facility that connects the rapidly growing sports of pickleball and padel with the local community [8] Project Details - The PURE facility will include various amenities such as a restaurant and bar, pro shop, fitness center, special event spaces, and childcare [2][8] - The target opening date for the facility is late 2026, with an estimated 500,000 visits annually expected [8] - The project is part of the Riverwalk Development Project in the Talking Stick Entertainment District, which spans 100 acres [2]