Calzada - Capital Partners
INVESTMENT PHILOSOPHY
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Over $4 Billion in Assets Under Management
Unlocking Value Over Time   Calzada is a leading investor in the creation, acquisition, and growth of some of the largest private real estate operating companies in the Americas. Our diverse portfolio spans multiple property sectors, including industrial, residential, retail, hospitality, and self-storage.
Corporate Properties of the Americas (CPA)
Corporate Properties of the Americas   CPA is Mexico’s leading privately held industrial real estate company, having developed and acquired more than 30 million square feet across the country.  (+ read more)
Milestones
1997

CPA’s predecessor company is incorporated to develop and acquire Mexican industrial
real estate.


2000

Sam Zell’s Equity International Properties (“EIP”) invests $56 million. The Company’s name is changed to Corporate Properties of the Americas (“CPA”) and its headquarters are relocated to Monterrey, Mexico.

2002

Major state pension fund invests $250 million. Company bulks up on strategic land sites and begins an aggressive spec development program.


2005

$500 million recapitalization. EIP and other minority shareholders bought out. Streamlined ownership and new alignment of interests sets the table for explosive portfolio growth.

2006

CPA enters Mexico City, acquiring land positions in four key submarkets. Company begins developing CPA Logistics Center San Martin Obispo, a $1 billion, best-in-class logistics park in the heart of metropolitan Mexico City.


2008

Portfolio grows to over 30 million square feet in 13 markets. CPA becomes the largest industrial real estate developer in Mexico.

2012

Company sells 10.5 million square foot portfolio to Macquarie’s Mexican REIT in the largest industrial transaction in Mexico’s history.


Today

One of the largest industrial owners and developers in Mexico with a concentration in Mexico City, Monterrey, Guadalajara and Tijuana.


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Hometown America
Hometown America   Founded in 1997, Hometown America grew from a start-up company to the largest owner/operator of manufactured housing communities in the United States.  (+ read more)
Milestones
1997

Hometown America is created and funded by a private investment partnership.


2002

$500 million recapitalization by a lead investor, now operating as Calzada
Capital Partners.

2003

$2.2 billion acquisition of publicly traded Chateau Communities. Portfolio included 216 properties with over 72,000 home sites in nineteen states.

$1.025 billion in debt financing in conjunction with the Chateau Communities acquisition.

2004

$700 million disposition of 110 non-core assets (approximately 32,000 sites) from the Chateau Communities acquisition.

Successful integration of Hometown America with Chateau Communities including total integration and right sizing of corporate overhead.

2011

The execution of a strategic transaction involving the $1.8 billion sale of 86 properties (approximately 33,000 sites in 19 states).


Today

Operating 45 communities with approximately 19,000 sites in ten states within a specific asset class of manufactured housing.

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Pacific Beachcomber
Pacific Beachcomber   Originally started in 1970 with the opening of a single hotel property in Tahiti, Pacific Beachcomber has evolved into the largest luxury hospitality group in French Polynesia.  (+ read more)

Pacific Beachcomber is an innovator in sustainable development, blending the hospitality business with ecologically conscious development practices including the Brando, a zero-carbon footprint eco-resort on Tetiaroa, Marlon Brando’s exquisite private atoll.

Milestones
1997

PBSC is acquired by present management with a portfolio of three luxury resorts, including the iconic Moana Beachcomber Hotel in
Bora Bora.


1998

The Maitai Polynesia opens in Bora Bora as the first property managed under PBSC’s newly created Maitai brand.

2001 - 2004

The three flagship properties are extensively renovated and rebranded as InterContinental Hotels.


2006

The InterContinental Bora Bora Resort & Thalasso Spa opens after a two year green-field development. It is the first hotel in the world to use a pioneering system of deep-sea water air-conditioning (SWAC).

2007

Recapitalization by lead investor now operating as Calzada Capital Partners.


2009

Pacific Beachcomber assumes operations of the m/s Paul Gauguin, the highest rated and longest continually sailing luxury cruise ship in the South Pacific.

PBSC begins construction of the Brando eco-resort on Tetiaroa, set to open in 2014.

2010 - 2011

Maitai brand expanded with new properties on the islands of Rangiroa and Huahine.


Today

The largest resort and cruise line operator in French Polynesia.


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Terramar Retail Centers
TRC   TRC owns and operates a 5 million square foot portfolio of premier neighborhood, community, and specialty centers in California, Washington, Oregon, and Hawaii.   (+ read more)
Milestones
1996

Company formed as GMS Realty, capitalized by a global real estate private equity fund.


2000

Portfolio grows to 20 neighborhood centers.


2007

Recapitalizes as Terramar Retail Centers with $750 million new commitment from lead investor now operating as Calzada Capital Partners.

2008

Opens the Plaza at Golden Valley, a 618,000 square foot development in Santa Clarita, California anchored by Kohl’s, Target and Lowe’s.


2011

Acquires core properties Encinitas Village in Southern California and Canyon Park Place in Seattle, Washington, adding 309,000 square feet of core space to the portfolio.

2013

Opens a retail, restaurant and entertainment center located in The Headquarters, a historic downtown redevelopment of San Diego’s former police station.


2013

Acquires Laulani Village, a Safeway anchored development in Honolulu, Hawaii, the Company’s first acquisition in the Hawaiian Islands.

2014

Acquires Property Development Centers, a 25 property portfolio comprising over 2 million square feet located primarily in California, Washington, and Hawaii.


Today

West Coast-focused owner and operator of premier grocery anchored centers, with concentrations in
California, the Pacific NW, and Hawaii metropolitan areas.


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Pivotal Capital Group II, LLC
Pivotal Capital Group   Formed in 2011, Pivotal Capital Group provides first lien position debt to real estate investors who acquire, renovate and re-sell single family homes, townhomes and condominiums.  (+ read more)
Milestones
2008

Pivotal’s founders begin investing in the repositioning of single family homes in Southern California.


2010

Company narrows its focus, to providing only first lien position debt to third-party real estate investors.

2012

Pivotal launches a REG-D private offering to raise outside capital.


2012 - 2013

The business enjoys strong growth and continues to generate attractive risk-adjusted returns.

2013

Calzada Capital Partners invests in the Company allowing for dramatic growth of the platform.


Today

Pivotal is growing exponentially as it works to become the premier source of private capital for the repositioning of homes in California.


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Aki KB
Aki KB   Founded in 2003, Aki KB Minibodegas is the leading self-storage provider in Chile.  (+ read more)
Milestones
2003

Aki KB is created with the goal of introducing institutional-quality self-storage to the market in Chile.


2004

Opens its first facility in Santiago, Chile.

2013 – 2014

Receives back-to-back international Facility of the Year awards from Mini-Storage Messenger for its Viña del Mar and ENEA facilities, recognizing the Company’s commitment to quality.


2014

Calzada Capital Partners invests in the Company to continue its rapid expansion. Portfolio grows to 11 facilities with 1,800 units and 220,000 leasable square feet, with another 4 facilities under development.


Today

The Company is expanding its market-leading position in Chile and exploring new market opportunities.


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One Development Group
UrbanHub   UrbanHub is a real estate development company focusing on multifamily rental properties in Mexico.  (+ read more)
Milestones
2009

UrbanHub’s predecessor company, One Development Group (ODG), is created with the goal of developing unique residential and commercial properties in Mexico.


2010

Begins development of SOFIA,
a 40-story, 450,000 square foot mixed-use condominium and office tower in San Pedro Garza Garcia, Monterrey, Mexico, capitalized by
a private investment partnership.

2011

Acquires premium 27-acre parcel in the heart of San Pedro Garza Garcia and initiates development of Arboleda, a 2.5 million square foot master-planned project, with over $100 million in private capital.


2014

Completes SOFIA, achieving commercial success with over
$180 million in sales.


2015

Calzada Capital Partners invests in the Company enabling its pursuit of the significant opportunity in the multifamily rental sector.


2017

UrbanHub spins off from ODG in order to focus exclusively on its multifamily rental strategy.


Today

UrbanHub is actively working to become the premier developer, owner, and operator of multifamily properties in Mexico.


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Ralei
Ralei Development Group   Ralei is an established multifamily development company concentrating on the rental market in Santiago, Chile.  (+ read more)
Milestones
1995

Ralei Grupo Inmobiliario is formed to develop for-sale multifamily projects in Santiago, Chile, and the Company acquires its first development site.


1996

Successfully completes its first multifamily development project, with 28,000 square feet and 32 residential units, and continues to develop one project at a time.

2011

Completes its eighth and largest project to-date, with 215,300 square feet and 299 units.


2012

Begins an organizational transformation, including expanding the team and redesigning systems and processes, with the goal of executing multiple development projects concurrently. Raises $20 million in private capital to capitalize its multi-project pipeline.


2014

Initiates development of four multifamily projects comprising 1.4 million square feet in aggregate.

2016

Calzada Capital Partners invests in the Company as it strategically transitions to focus exclusively on the multifamily rental market. The Company is renamed Ralei Development Group.


Today

Ralei is actively working toward becoming the premier developer, owner, and operator of multifamily properties in Chile.


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