The Calida Group
The Calida Group is a private multifamily real estate developer and investor operating the Elysian brand of luxury apartment communities, primarily in Nevada. It serves institutional investors and HNW individuals with ground-up development and acquisition strategies, deploying approximately $1 billion in capital in 2026.
- Company typePrivate
- Founded2007
- HeadquartersLas Vegas, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What The Calida Group does
The Calida Group is a privately held multifamily real estate development and investment firm founded in 2007 by Douglas Eisner and Eric Cohen and headquartered in Las Vegas, Nevada. The company develops, acquires, and operates luxury multifamily and senior housing properties under the exclusive Elysian / Elysian Living brand, with 30,000+ multifamily units developed or acquired across its history. Its portfolio includes 16 named Elysian-branded luxury communities concentrated in Las Vegas and Henderson, Nevada (including Elysian at Tivoli, Elysian at The Palms, Elysian at Hughes Center, Elysian at The District, Elysian at Southern Highlands, Elysian at Stonelake, Elysian at Centennial Hills, Elysian at Flamingo, Elysian West, Elysian Parc, Elysian at St Rose, Constellation, and Prime), supported by additional general offices in Los Angeles and Bellevue. Beyond ground-up development, the firm offers a multifamily acquisitions strategy focused on acquiring and repositioning existing assets for value creation.
The company's revenue model is asset-light and sponsor-style: it raises capital from institutional investors and high-net-worth individuals via direct private real estate offerings, deploys that capital across development, acquisitions, and asset repositioning, and earns economics through deal-level fees, asset management fees, and promote participation on exits. Capital deployment is currently scaling significantly, with approximately $1 billion planned for 2026 across an expanded footprint that now extends beyond the Western United States into Texas, Florida, Georgia, and other Southeast markets. Co-founders Eisner and Cohen remain active, Joshua Nelson was promoted from Chief Investment Officer to President in 2026 to oversee day-to-day operations and execution, and the firm maintains a joint venture relationship with Cypress Equity Investments for co-development activity, including the 2017 Hughes Center land acquisition in Las Vegas.
Customer segments are bifurcated: (1) investment partners (institutional investors and HNW individuals) who fund deal-level private real estate offerings through the company's investor portal, and (2) residential tenants who lease luxury units under the Elysian Living brand. Marketing relies on earned media (Las Vegas Review-Journal, US Weekly), grand-opening community events featuring celebrity appearances, and the dedicated Elysian Living lifestyle website. Pricing and deal terms are not publicly disclosed, consistent with the private, negotiated nature of the sponsor's investor offerings.
The Calida Group firmographics
Firmographics- Name
- The Calida Group
- Legal name
- The Calida Group
- Website
- https://thecalidagroup.com
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- The Calida Group is a private multifamily real estate developer and investor operating the Elysian brand of luxury apartment communities, primarily in Nevada. It serves institutional investors and HNW individuals with ground-up development and acquisition strategies, deploying approximately $1 billion in capital in 2026.
- Ownership category
- akta.pro rank
The Calida Group industry classification
Industry- Product category
- Multifamily Real Estate Development & Investment
- NAICS
- Real Estate Property Managers (53131), Offices of Real Estate Agents and Brokers (5312)
- SIC
- Real Estate (6500), Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Multifamily Apartment Property Management (BPAJAFAA)
- akta.pro secondary industries
- Multifamily (Apartment) Property Management (BPAJAGAD), Commercial Real Estate Asset Management (BPAJAMAB), Independent Living Real Estate Owners/Operators (REITs & Management Companies) (HLADAAAG)
Keywords
Where The Calida Group is headquartered
LocationHeadquarters
- HQ city
- Las Vegas
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
The Calida Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Marketing or Sales, Others
Revenue model
- Real Estate Investment and Development: The firm generates revenue through developing, acquiring, and operating multifamily and senior housing properties. It creates value for investment partners through ground-up development, repositioning existing assets, and property management across urban and suburban Western U.S. markets. Capital deployment of approximately $1 billion planned for 2026.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
The Calida Group product offering
Product offeringCore offering
The Calida Group develops, acquires, and operates luxury multifamily and senior housing real estate through two investment products — Multifamily Acquisitions and Multifamily Development — delivered under the exclusive Elysian Living brand. The firm creates value for investment partners via ground-up development, asset repositioning, and ongoing property management across urban and suburban markets, with a portfolio of 30,000+ multifamily units across the Western United States.
Product overview
The Calida Group operates as a multifamily real estate investment and development firm offering two core investment products: Multifamily Acquisitions (acquiring existing properties for value creation) and Multifamily Development (ground-up development of new luxury communities). All developed properties are branded under the Elysian Living sub-brand, which encompasses luxury apartment communities across the Western United States including Nevada, California, and Washington. The portfolio includes 16 named Elysian-branded luxury communities (Elysian at Centennial Hills, Elysian at The Palms, Elysian at Tivoli, Elysian at Hughes Center, Elysian at Flamingo, Elysian West, Elysian at Stonelake, Elysian at The District, Elysian at Southern Highlands, Elysian Parc, Elysian at St Rose, Prime, and Constellation), as well as senior housing properties, combining multifamily and senior housing in both urban and suburban locations.
Differentiator
Problem solved
Functional benefit
Brands
- Elysian Living: Luxury multifamily residential brand operated by The Calida Group, featuring premium apartment communities with high-end amenities and distinctive lifestyle experiences.
- Elysian
Products and services
- Multifamily Acquisitions Investment product in which The Calida Group identifies, acquires, and repositions existing multifamily properties to create value for investment partners; offered to institutional investors and high-net-worth individuals through private real estate offerings.
- Multifamily Development Investment product in which The Calida Group performs ground-up development of new luxury multifamily communities under the Elysian brand; offered to institutional investors and high-net-worth individuals through private real estate offerings.
- Elysian Living Property management and lifestyle brand encompassing The Calida Group's portfolio of luxury multifamily communities and the resident services offered across them.
- Elysian at Centennial Hills Luxury multifamily community in Las Vegas, NV developed and operated by The Calida Group under the Elysian Living brand.
- Elysian at The Palms Luxury multifamily community in Las Vegas, NV developed and operated by The Calida Group; first Elysian Living property to open in 2021.
- Elysian at Tivoli Luxury multifamily community in Summerlin, Las Vegas, NV developed and operated by The Calida Group under the Elysian Living brand.
- Elysian at Hughes Center Luxury multifamily community at Hughes Center in Las Vegas, NV developed and operated by The Calida Group under the Elysian Living brand through a joint venture with Cypress Equity Investments.
- Elysian at Flamingo Luxury multifamily community in Las Vegas, NV developed and operated by The Calida Group under the Elysian Living brand.
- Elysian West Luxury multifamily community developed and operated by The Calida Group under the Elysian Living brand.
- Elysian at Stonelake Luxury multifamily community in Henderson, NV developed and operated by The Calida Group under the Elysian Living brand.
- Elysian at The District Luxury multifamily community in Henderson, NV developed and operated by The Calida Group under the Elysian Living brand; one of the firm's flagship Elysian developments.
- Elysian at Southern Highlands Luxury multifamily community in Southern Highlands, Las Vegas, NV developed and operated by The Calida Group under the Elysian Living brand.
- Elysian Parc Luxury multifamily community in Las Vegas, NV developed and operated by The Calida Group under the Elysian Living brand.
- Elysian at St Rose Luxury multifamily community developed and operated by The Calida Group under the Elysian Living brand.
- Prime Luxury multifamily community developed and operated by The Calida Group featuring repositioned and renovated units.
- Constellation Luxury multifamily community in Summerlin, Las Vegas, NV developed and operated by The Calida Group under the Elysian Living brand.
Quantifiable outcome
- 30,000+ multifamily units developed or acquired
Companies that use The Calida Group
Customer profileSegments2 records
Ideal customer profiles2 records
The Calida Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
The Calida Group partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Cypress Equity InvestmentscoreJoint venture partnership with Cypress Equity Investments for multifamily development projects. The partnership has developed properties including Elysian at The District through a joint venture arrangement. This represents a key co-development relationship for property acquisition and development.
Scale indicators5 records
Recent moves7 records
Expansion highlights5 records
The Calida Group competitors and assessment
Company assessmentBroad incumbents
- Equity Residential: Public REIT that owns and operates high-quality multifamily properties in urban and high-density gateway markets — overlaps with Calida's urban luxury rental positioning.
- Greystar Real Estate Partners: The largest multifamily property management, development, and investment firm in the U.S., operating a platform that directly overlaps with Calida's combined development, acquisition, and property management strategy at a far larger scale.
- Related Companies: Large diversified real estate developer with a meaningful multifamily/luxury rental development platform (Related Rentals), broadly comparable in product type and brand-led development.
- AvalonBay Communities: Public REIT focused on developing, acquiring, and managing high-quality apartment communities in U.S. coastal and expansion markets — comparable to Calida's Elysian-branded Class A multifamily thesis.
- Camden Property Trust: Multifamily REIT that develops, acquires, and operates Class A apartment communities across the Sun Belt — a useful comparison as Calida expands into Texas, Florida, and Georgia.
Direct peers
- Mill Creek Residential: National multifamily developer, investor, and operator focused on Class A rental communities — directly comparable to Calida's ground-up development and repositioning of premium multifamily product.
- TruAmerica Multifamily: Private multifamily investment and management firm that acquires, repositions, and operates workforce and Class B/A rental housing — closely mirrors Calida's acquisitions/repositioning product line.
- Cypress Equity Investments: Calida's disclosed JV partner in multifamily development (e.g., Hughes Center). Operates as a multifamily-focused private equity real estate investor and developer across the Western U.S.
Regional players
- Essex Property Trust: West Coast-focused multifamily REIT concentrated in California and the Pacific Northwest — directly comparable to Calida's historic Western U.S. footprint and California office presence.
Others
- JLL (Multifamily Capital Markets): Global commercial real estate services firm with a multifamily investment sales, capital markets, and advisory platform — adjacent to Calida as a transaction advisory peer serving similar LPs and owners.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
The Calida Group social profiles
Digital presenceThe Calida Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Calida Group leadership team
Management profileNumber of profiles
Profiles4 records
The Calida Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Calida Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The Calida Group
What does The Calida Group do?
The Calida Group develops, acquires, and operates luxury multifamily and senior housing real estate through two investment products — Multifamily Acquisitions and Multifamily Development — delivered under the exclusive Elysian Living brand. The firm creates value for investment partners via ground-up development, asset repositioning, and ongoing property management across urban and suburban markets, with a portfolio of 30,000+ multifamily units across the Western United States.
Is The Calida Group a public or private company?
The Calida Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was The Calida Group founded?
The Calida Group was founded in 2007. It employs 11 to 50 people.
Where is The Calida Group based?
The Calida Group is headquartered in Las Vegas, United States, in the North America region.
How does The Calida Group make money?
One revenue line is on record: real Estate Investment and Development.
Who are The Calida Group's main competitors?
Broad incumbents on record are Equity Residential, Greystar Real Estate Partners, Related Companies, AvalonBay Communities and Camden Property Trust. Direct peers are Mill Creek Residential, TruAmerica Multifamily and Cypress Equity Investments. Essex Property Trust is listed as a regional player. JLL (Multifamily Capital Markets) is listed as an others.
Does The Calida Group have an API?
No public API is recorded for The Calida Group.
What industry is The Calida Group in?
The Calida Group's product category is Multifamily Real Estate Development & Investment. Its primary akta.pro industry code is BPAJAFAA, Multifamily Apartment Property Management, with a secondary code of BPAJAGAD, Multifamily (Apartment) Property Management. Its NAICS code is 53131 and its SIC code is 6500.