Press release content from News Direct Corporation. The AP news staff was not involved in its creation. Caliber Embarks on Private Build-to-Suit School Expansion with Rancho Solano Preparatory School April 13, 2021 GMT --News Direct-- CaliberCos Inc., a fully integrated real estate company, announced today a significant milestone within Caliber. The Company has embarked on a school expansion in Scottsdale, Arizona that will benefit the community and should serve as an attractive investment for its Opportunity Zone investors. Caliber recently closed on the acquisition of Rancho Solano Preparatory School, a 26,646 square foot property in Scottsdale, Arizona. The total project cost is $11.5 million and is the first venture Caliber has invested in since the pandemic started in March 2020. $4.5 million in equity was offered with Caliber’s Qualified Opportunity Zone Fund leading the investment, which was maxed out within three weeks of the offering.