San Francisco-based real estate investor and operator Calvera Partners has announced the launch of its Calvera Income and Growth Fund, the firm’s fourth discretionary private real estate fund. The Fund is seeking more than $100 million in capital commitments from accredited investors to acquire a portfolio of multifamily properties in high-growth markets.

The Fund will be structured as a perpetual “evergreen” investment vehicle, which allows Calvera to take a long-term approach to multifamily investment opportunities. It is also designed to provide current income through consistent quarterly distributions as well as significant appreciation in NAV.

“Our experience shows that real estate investing is most successful when a long-term strategy is in place,” said Calvera Managing Principal Dave Saxe. “We believe that this perpetual fund structure means that taxable gains can be deferred indefinitely, all while keeping our investors’ money working over an extended period of time. It’s an ideal scenario for those who seek a wealth-building strategy.”

Pictured left to right: Brian Milovich, Dave Saxe & Brian Chuck