CaliberCos Inc. Announces CFO Transition, Reaffirms Guidance, and Outlines Strategic Search for Finance Leader
Key Highlights for Investors
- Chief Financial Officer (CFO) Transition: Jade Leung, Caliber’s long-serving CFO, will step down to pursue a new opportunity after an 11-year tenure during which he built the company’s finance organization and played a pivotal role in leading Caliber through its IPO.
- Appointment of Acting CFO: Michael Rosales, currently Senior Vice President of Accounting, Financial Reporting & Tax, will assume the role of Acting CFO effective June 14, 2026. Rosales brings significant internal experience and public accounting expertise, ensuring continuity during the transition.
- Orderly Transition and No Disagreement: The company emphasizes that Leung’s departure is not due to any disagreement regarding Caliber’s operations, accounting, or financial reporting and that he will support an orderly transition.
- Reaffirmation of Full-Year 2026 Guidance: Caliber has reaffirmed its previously issued full-year 2026 guidance, signaling stability and confidence in its financial outlook.
- Board Initiates Search for Permanent CFO: The Board is launching a disciplined search for a permanent CFO with a focus on capital formation, fundraising, real estate fund/project finance, public company finance, and execution of Caliber’s digital asset and tokenization strategy.
- Strategic Focus on Digital Assets: Caliber continues to advance its digital asset platform, including the integration of blockchain and tokenization technologies, notably its investment in LINK (the token underlying Chainlink), a key element in real estate fund tokenization.
Details for Shareholders and Potential Share Price Impact
The transition of Caliber’s CFO is a significant development, particularly given Jade Leung’s instrumental role in building the company’s finance function and public company foundation. The company has taken care to communicate that Leung’s departure is amicable and not related to any disputes about operations or financial reporting, which should reassure investors about continuity and governance.
The appointment of Michael Rosales as Acting CFO is also noteworthy. Rosales has been with Caliber since October 2020 and has advanced through several key leadership roles, including Director of Financial Reporting & Technical Accounting, Corporate Controller, and most recently SVP of Accounting, Financial Reporting & Tax. His extensive background in public accounting, including senior roles at Grant Thornton, PwC, and Deloitte, positions him well to oversee Caliber’s financial operations during the transition period.
Importantly, Caliber’s leadership has reaffirmed its full-year 2026 financial guidance, which can help stabilize investor sentiment during the transition. The explicit statement that the transition does not affect the company’s strategy or financial outlook should mitigate fears of disruption.
The Board’s initiation of a search for a permanent CFO is strategic, as it seeks a candidate with experience in capital formation, real estate and fund finance, public company reporting, and digital asset/tokenization strategy. This aligns with Caliber’s ongoing expansion into digital assets and tokenization—a potentially transformative initiative for the company and its shareholders.
Caliber’s business model continues to evolve towards a blend of real estate and digital asset management. The company manages over \$2.6 billion in assets and has a 17-year track record in middle-market hospitality and multifamily real estate. In 2025, Caliber integrated digital asset infrastructure by investing in LINK to enable real estate fund tokenization and is implementing blockchain strategies to enhance asset financing, ownership, and access. These initiatives may provide upside for shareholders, especially as tokenization could unlock new capital and participation models in real estate investing.
Statements from Leadership
Chris Loeffler, CEO of Caliber, stated:
“Jade has been a trusted partner and a steady leader during Caliber’s evolution from a private company, through our IPO, to the public company we are today. He built our finance team and our reporting foundation which is poised to continue to execute well. On behalf of the Board and the entire team, I thank Jade for almost eleven years of dedicated service and wish him every success in his next chapter. Michael has been instrumental to our accounting and reporting for years, and I have full confidence in him as Acting CFO. Caliber’s Board and I are taking a disciplined approach to identifying the right finance leader for Caliber’s next phase of growth.”
Strategic Outlook and Forward-Looking Statements
Caliber’s expansion into digital asset and tokenization strategies is a core part of its forward-looking growth plan. Investors should note that while these initiatives present significant opportunities, they also carry risks and uncertainties as described in the company’s SEC filings.
Contact
- Caliber Investor Relations: Ilya Grozovsky
- Phone: +1 480-214-1915
- Email: [email protected]
Disclaimer
This article contains forward-looking statements that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, are forward-looking statements and are based on Caliber’s current expectations. Actual results may differ materially due to various risks described in Caliber’s filings with the U.S. Securities and Exchange Commission. This article is for informational purposes only and does not constitute investment advice. Please consult your financial advisor before making investment decisions.
