CaliberCos Inc. Announces Building Permit Approval for World’s Largest Indoor Pickleball & Padel Facility in Arizona
SCOTTSDALE, AZ, April 13, 2026 – CaliberCos Inc. (Nasdaq: CWD), an alternative asset manager with a strong focus on real estate and digital assets, has announced a significant milestone for its co-developed project, PURE Pickleball & Padel. The company has officially received all required building permits for the construction of what is set to be the world’s largest indoor pickleball and padel facility. This achievement clears the final regulatory hurdle, enabling the project to move directly into the groundbreaking phase.
Key Details of the Project
- Project Size: 196,000-square-foot facility dedicated to indoor pickleball and padel sports.
- Location: Strategically situated adjacent to Scottsdale, Arizona, at Riverwalk on the Salt River Pima-Maricopa Indian Community. This location is expected to serve as a regional hub for enthusiasts and could attract significant year-round attendance.
- Development Partners: The project is a collaboration between CaliberCos Inc. and PURE Pickleball & Padel.
- Regulatory Status: All necessary building permits have now been secured, signaling construction readiness.
Investment Opportunity
- Qualified Opportunity Zone: The development is located within a Qualified Opportunity Zone, offering potential tax advantages for investors.
- QOZ Fund Structure: Caliber and PURE have established a Qualified Opportunity Zone Fund, allowing accredited investors and investment advisors to participate directly in the project.
- Offering Materials: Full project details and offering materials are available at caliberco.com/assets/pickleball-padel-in-arizona.
- Time-Sensitive: The final close for the investment is approaching, underscoring the urgency for interested parties to act promptly.
Company Overview and Strategic Focus
- Track Record: CaliberCos Inc. manages over \$2.6 billion in assets and boasts a 17-year history in middle-market hospitality and multifamily real estate.
- Innovation in Asset Management: In 2025, Caliber integrated blockchain and tokenization strategies by investing in LINK, the token underlying Chainlink, to modernize real estate investment access and financing.
- Investor Access: Investors can gain exposure via Caliber’s Nasdaq-listed equity (CWD) and through private real estate funds tailored for accredited investors and financial professionals.
Potential Shareholder Impact and Price-Sensitive Information
- Milestone Achievement: The receipt of final building permits is a critical de-risking event for the project, moving it from the planning phase to imminent construction. This could increase investor confidence in CaliberCos Inc.’s execution capabilities.
- Growth Potential: As the world’s largest indoor pickleball and padel facility, the project has significant visibility, branding value, and potential for strong recurring revenue streams. The anticipation of groundbreaking may attract new investors and positively impact share price.
- Strategic Positioning: The company’s embrace of digital assets and tokenization, alongside traditional real estate, positions it to capture emerging trends in asset ownership and liquidity, potentially enhancing long-term shareholder value.
- Tax-Advantaged Investment: The Qualified Opportunity Zone status could draw substantial investor interest, increasing fund inflows and benefiting Caliber’s assets under management and fee income.
Forward-Looking Statements and Risk Factors
Forward-looking statements in this announcement involve substantial risks and uncertainties. Actual results may differ due to factors such as project execution, market acceptance, regulatory changes, and other risks detailed in CaliberCos Inc.’s filings with the SEC, including the “Risk Factors” section in its prospectus and subsequent reports.
Contact Information
- Caliber Investor Relations: Ilya Grozovsky, +1 480-214-1915, [email protected]
- PURE Contact: Kevin J. Berk, Co-Founder & CEO
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Readers should carefully review CaliberCos Inc.’s official filings and consult with their financial advisor before making investment decisions. The information is based on company disclosures as of April 13, 2026, and may be subject to change.
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