CaliberCos (NASDAQ: CWD) advances PURE 196,000 sq ft indoor pickleball and padel hub
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
CaliberCos Inc. reported that PURE Pickleball & Padel, its co-developed 196,000-square-foot indoor pickleball and padel facility near Scottsdale, Arizona, has received all required building permits, clearing the final regulatory hurdle before groundbreaking. The permits cap a 900-day process involving extensive meetings, community hearings, and design reviews.
The flagship facility, located on 11.44 acres in a Qualified Opportunity Zone, is expected to become the world’s largest indoor pickleball and padel venue with 48 courts, a championship arena, and year-round programming, with opening anticipated in 2027. Caliber and PURE are offering accredited investors access via a structured investment offering through a dedicated QOZ Fund, while Caliber finalizes construction financing and closes the equity round.
Positive
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Negative
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8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Facility size: 196,000 square feet
Permitting duration: 900 days
Site area: 11.44 acres
+5 more
8 metrics
Facility size
196,000 square feet
Indoor pickleball and padel facility adjacent to Scottsdale, Arizona
Permitting duration
900 days
Length of permitting process for PURE Pickleball & Padel project
Site area
11.44 acres
Scottsdale Riverwalk location land area
Courts planned
48 courts
Number of courts at the Scottsdale PURE facility
Managed Assets
$2.6 billion
Caliber’s managed assets across its platform
High school clubs
30 clubs
Arizona high school pickleball clubs built by PURE since 2025
Student-athletes
145 student-athletes
Participants at inaugural December 2025 high school championship
Club Cup courts
14 courts
Courts used for the Arizona High School Pickleball Club Cup Championship
Key Terms
Qualified Opportunity Zone, QOZ Fund, Managed Assets, tokenization, +1 more
5 terms
Qualified Opportunity Zone financial
"The development is located within a Qualified Opportunity Zone, and a QOZ Fund has been established"
A qualified opportunity zone is a government-designated neighborhood where investors can put capital into special investment vehicles to get tax breaks on capital gains; think of it like a tax-discount coupon for projects in certain areas. It matters to investors because using these funds can defer, reduce, or even eliminate taxes on gains if money is held and used for long-term local development, which can boost after-tax returns but also ties up capital and depends on the success of projects in that area.
QOZ Fund financial
"a QOZ Fund has been established to facilitate direct investment"
A QOZ fund (Qualified Opportunity Zone fund) is an investment vehicle that puts money into businesses or real estate projects located in government-designated low-income areas, offering special tax breaks to investors who roll capital gains into the fund and hold their stake for a set period. It matters to investors because, like a restricted savings box that rewards patience, it can defer or reduce taxes on prior gains and potentially eliminate taxes on new gains if the investment is kept long enough, while also tying returns to the success of development in those neighborhoods.
Managed Assets financial
"Caliber (Nasdaq: CWD) is a real estate-focused alternative asset manager with over $2.6 billion in Managed Assets"
Managed assets are the financial investments—such as stocks, bonds, cash, or real estate—that a professional firm or advisor oversees and makes decisions about on behalf of clients. They matter to investors because the amount and performance of these assets influence a manager’s revenue, reputation, and the client’s potential returns, much like the size and health of a garden reflect a gardener’s skill and likely harvest.
tokenization financial
"implementing blockchain and tokenization strategies across its investment platform"
Tokenization is the process of converting real-world assets or rights into digital tokens stored on a computer network. This allows assets, such as property or investments, to be divided into smaller parts, making them easier to buy, sell, or transfer electronically. For investors, tokenization can increase access to a wider range of investments and make transactions faster and more efficient.
forward-looking statements regulatory
"This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported):
(Exact Name of Registrant as Specified in Its Charter)
(State or Other Jurisdiction of Incorporation)
| (Commission File Number) | (IRS Employer Identification No.) | |||||||
| 85258 | ||||||||
| (Address of Principal Executive Offices) | ||||||||
(480 ) 295-7600
(Registrant’s Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbols | Name of each exchange on which registered | ||||||
The | ||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 7.01 Regulation FD Disclosure.
On April 13, 2026, CaliberCos Inc. (the “Company” or “Caliber”) issued a press release announcing that PURE Pickleball & Padel — its co-developed 196,000-square-foot indoor pickleball and padel facility adjacent to Scottsdale, Arizona at Riverwalk on the Salt River Pima-Maricopa Indian Community — has recently received all required building permits, clearing the final regulatory hurdle and positioning the project for groundbreaking.
A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is hereby furnished pursuant to this Item 7.01.
The information disclosed under this Item 7.01, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits
Exhibit No. | Exhibit | |||||||
99.1 | Press release dated April 13, 2026 | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CaliberCos Inc. | ||||||||
| Date: April 13, 2026 | ||||||||
| By: | /s/ John C. Loeffler, II | |||||||
| Name: | John C. Loeffler, II | |||||||
| Title: | Chief Executive Officer | |||||||
Exhibit 99.1
Caliber and PURE Pickleball & Padel Announce Building Permit Approval for World’s Largest Indoor Pickleball and Padel Facility
SCOTTSDALE, AZ, Feb. 27, 2026 (GLOBE NEWSWIRE) – Caliber (NASDAQ: CWD), a diversified real estate and digital asset management platform, today announced that PURE Pickleball & Padel (“PURE”) — its co-developed 196,000-square-foot indoor pickleball and padel facility adjacent to Scottsdale, Arizona at Riverwalk on the Salt River Pima-Maricopa Indian Community — has recently received all required building permits, clearing the final regulatory hurdle and positioning the project for groundbreaking. The permits were filed originally in September 2025. Caliber is currently finalizing construction financing and closing the equity round. The groundbreaking announcement will follow the close.
The approval of all required building permits marks the culmination of a 900-day permitting process spanning hundreds of meetings, community hearings, and design reviews. Caliber is currently finalizing construction financing with groundbreaking expected to follow. Caliber is expected to initiate a final call for capital from equity investors prior to the close of construction financing.
“We’re excited to reach this milestone and move one step closer to breaking ground.” said Chris Loeffler, CEO of Caliber, “PURE Pickleball & Padel represents a unique combination of sport, community, and lifestyle. We believe this project will serve as a premier destination for enthusiasts while creating long-term value for investors and the surrounding community.”
“To the PURE community who believed in us before there was anything to believe in — this moment is yours too. We now move to cement Scottsdale, Arizona as the new pickleball and padel capital of the world,” said Kevin J. Berk, Co-Founder & CEO, PURE Pickleball & Padel.
Investment Opportunity
Caliber and PURE are offering accredited investors and investment advisors the opportunity to participate in the project through a structured investment offering. The development is located within a Qualified Opportunity Zone, and a QOZ Fund has been established to facilitate direct investment.
The final close is time sensitive and full project details and offering materials are available at caliberco.com/assets/pickleball-padel-in-arizona.
PURE Charter Membership Waitlist Now Open
PURE has opened its Charter Membership waitlist ahead of the facility’s opening. Pre-opening memberships are strictly capped; once allocated, these rates will not be available again. Charter Members will receive a lifetime rate lock, VIP access before opening day, exclusive events and recognition, and permanent recognition in the building. No financial commitment is required at the time of reservation. Charter Membership reservations are available at purepickleball.com/membership
PURE hosting AZ High School Pickleball Club Cup Championship
On April 25, 2026, PURE will host the Arizona High School Pickleball Club Cup Championship at Fremont Junior High in Mesa — the first USA Pickleball-certified high school team championship event in the country.
The event will feature twelve schools competing across fourteen courts, with athletic directors and coaches from across Arizona convening on-site to advance the case for AIA recognition of pickleball as a sanctioned high school sport.
PURE has been building the Arizona High School Pickleball infrastructure since 2025, growing to 30 high school clubs statewide and 145 student-athletes at the inaugural December 2025 championship. The Club Cup introduces a team-based competition format designed specifically to meet the AIA’s framework for sanctioning a new sport. The event is free and open to the public.
About PURE Pickleball & Padel
PURE Pickleball & Padel is an experiential sports and social club platform focused on developing and operating large-format, purpose-built indoor pickleball and padel facilities. Designed from the ground up—not retrofitted—PURE delivers a premium, member-focused experience through world-class courts, structured programming, and integrated food, beverage, and wellness offerings. Its flagship Scottsdale Riverwalk location, a ~196,000 square foot facility on 11.44 acres, is expected to be the largest indoor pickleball and padel venue in the world and will feature 48 courts, a championship arena, and year-round programming for players of all ages and skill levels. Located within a Qualified Opportunity Zone on the Salt River Pima-Maricopa Indian Community, the project is anticipated to open in 2027 and serves as the foundation for PURE’s broader platform expansion. More information can be found at www.purepickleball.com
About Caliber (CaliberCos Inc.)
Caliber (Nasdaq: CWD) is a real estate-focused alternative asset manager with over $2.6 billion in Managed Assets and a 17-year track record investing in middle-market hospitality and multifamily real estate. The Company operates an institutional-quality asset management platform paired with a boutique, hands-on investment approach focused on value creation in underserved market segments. In 2025, Caliber integrated digital asset infrastructure into its platform by investing in LINK, the token underlying Chainlink, a key technology enabling real estate fund tokenization, and is implementing blockchain and tokenization strategies across its investment platform to enhance how assets are financed, owned, and accessed. Investors can participate in Caliber through its publicly traded equity (Nasdaq: CWD), which provides exposure to both its real estate platform and digital asset holdings, and through its private real estate investment funds for accredited investors and financial professionals.
Forward-Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” "will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the Company’s public offering filed with the SEC and other reports filed with the SEC thereafter. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.
CONTACTS:
Caliber Investor Relations
Ilya Grozovsky
+1 480-214-1915
Ilya@CaliberCo.com
PURE
Kevin J. Berk
Co-Founder & CEO, PURE Pickleball & Padel
Kevin@purepickleball.com
FAQ
What did CaliberCos Inc. (CWD) announce about the PURE Pickleball & Padel project?
CaliberCos Inc. announced that PURE Pickleball & Padel’s 196,000-square-foot indoor facility near Scottsdale has received all required building permits. This clears the last major regulatory step and positions the co-developed project to move ahead to groundbreaking and full construction financing.
How large will the PURE Pickleball & Padel Scottsdale facility be and what will it include?
The Scottsdale Riverwalk facility is planned at about 196,000 square feet on 11.44 acres. It is expected to feature 48 courts, a championship arena, and year-round programming, making it the largest indoor pickleball and padel venue globally when completed.
How can accredited investors participate in the PURE Pickleball & Padel project with CaliberCos (CWD)?
Accredited investors can participate through a structured investment offering associated with the project. A Qualified Opportunity Zone Fund has been established to facilitate direct investment, with final close described as time sensitive and full details available via Caliber’s project webpage.
What is the significance of the Qualified Opportunity Zone designation for the PURE facility?
The facility is located within a Qualified Opportunity Zone on the Salt River Pima-Maricopa Indian Community. This status allows investment through a dedicated QOZ Fund, potentially offering tax advantages to qualifying investors while directing capital into a targeted development area.
When is the PURE Pickleball & Padel Scottsdale facility expected to open?
The PURE Pickleball & Padel flagship facility is anticipated to open in 2027. This follows completion of construction financing, groundbreaking, and development, positioning the venue as a long-term anchor for PURE’s broader large-format indoor sports and social club platform.
What scale of assets does CaliberCos Inc. (CWD) manage and what is its focus?
CaliberCos Inc. is described as a real estate-focused alternative asset manager with over $2.6 billion in managed assets. It emphasizes middle-market hospitality and multifamily real estate, pairing an institutional-quality platform with a hands-on value-creation approach in underserved market segments.
How is PURE engaging the Arizona pickleball community ahead of the facility opening?
PURE has opened a Charter Membership waitlist with capped pre-opening memberships and lifetime rate locks. It also supports youth pickleball, hosting the Arizona High School Pickleball Club Cup and growing to 30 high school clubs and 145 student-athletes by the inaugural 2025 championship.