Calvera Partners

About Calvera Partners

Calvera Partners is a real estate operator headquartered in San Francisco, CA. Calvera Partners operates in Austin, Texas, Charlotte, North Carolina and Dallas, Texas. Its investment focus is on Multifamily - Core, Multifamily - Value-Add and Workforce Housing.

Calvera Partners is a real‑estate investment firm specializing in multifamily apartment acquisitions, redevelopment, and management. The firm has deployed approximately $85 million of investor equity across 16 multifamily transactions in four states, totaling $200 million in acquisition costs. Founded around 2010 by three UC Berkeley Haas MBA graduates, Calvera has over 45 years of combined real estate and finance experience among its Managing Principals. Calvera targets multifamily assets in urban markets including Austin, Charlotte, Dallas–Fort Worth, Denver, Nashville, Phoenix, Raleigh–Durham, Salt Lake City, San Francisco, and Silicon Valley. The firm emphasizes a Core‑Plus / Value‑Add strategy through its Income and Growth Fund, which has a target size of at least $100 million, aims for 10–12% net leveraged IRR, 4–6% annual yield, and operates as a perpetual (evergreen) fund.

Principals at Calvera Partners

Recent activity at Calvera Partners

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Calvera Partners's project portfolio

3 projects on file · Multifamily (3)

Markets and themes

Markets Calvera Partners operates in

• Austin, Texas
• Charlotte, North Carolina
• Dallas, Texas
• Denver, Colorado
• Nashville, Tennessee
• Phoenix, Arizona
• Raleigh-Durham, North Carolina (Research Triangle Park - RTP)
• Salt Lake City, Utah

Investment themes at Calvera Partners

• Multifamily - Core
• Multifamily - Value-Add
• Workforce Housing

Capabilities

• Asset Management
• Economic Development
• Private Equity
• Site Development
• Sustainability
• Technology-forward
• Transit-oriented development
• Urban infill

Operators similar to Calvera Partners

• The Shelter Companies
  Emerging tierDallas, TexasNashville, Tennessee+5 more marketsWorkforce HousingMultifamily - Value-Add
• Dogwood Industrial Properties
  Emerging tierDallas, TexasNashville, Tennessee+4 more markets
• Mountain Pacific Opportunity Partners (MPOP)
  Emerging tierDallas, TexasSalt Lake City, Utah+2 more marketsWorkforce HousingMultifamily - Value-Add
• Platte Canyon Capital
  Emerging tierDallas, TexasSalt Lake City, Utah+2 more marketsWorkforce HousingMultifamily - Value-Add
• Enverra Real Estate Partners
  Emerging tierDallas, TexasNashville, Tennessee+3 more marketsMultifamily - Value-Add
• Headwaters Group
  Emerging tierSalt Lake City, UtahDenver, Colorado+1 more marketWorkforce HousingMultifamily - Value-Add
• Oak Realty Group, Inc.
  Emerging tierDallas, TexasRaleigh-Durham, North Carolina (Research Triangle Park - RTP)Multifamily - CoreWorkforce Housing+1 more theme
• Banyan Residential
  Emerging tierDallas, TexasDenver, Colorado+2 more markets
• Oakley Group
  Emerging tierDallas, TexasMultifamily - CoreWorkforce Housing+1 more theme
• Caves Valley Partners
  Emerging tierRaleigh-Durham, North Carolina (Research Triangle Park - RTP)Phoenix, ArizonaWorkforce HousingMultifamily - Value-Add

Frequently asked questions about Calvera Partners

What does Calvera Partners do?

Calvera Partners is a real‑estate investment firm specializing in multifamily apartment acquisitions, redevelopment, and management.

Where is Calvera Partners based?

Calvera Partners is headquartered in San Francisco, CA.

What markets does Calvera Partners operate in?

Calvera Partners is active in Austin, Texas, Charlotte, North Carolina, Dallas, Texas, Denver, Colorado, Nashville, Tennessee, and Phoenix, Arizona.

How many employees does Calvera Partners have?

Calvera Partners has 2–10 employees.