Caliber

What Caliber does

Caliber Company is a vertically integrated real estate owner, operator, and developer headquartered in Ankeny, Iowa, founded in 2005 and operating through five core divisions: Development, JCorp Design | Build, Caliber Property Management, Caliber Realty, and Caliber Homes. The company manages a $550M portfolio comprising approximately 2,850 rental units (apartments, townhomes, and single-family homes) and 350 homes developed and sold across the Des Moines metro area, including Waukee, Ankeny, West Des Moines, Urbandale, and Des Moines proper. It serves three primary customer segments: residential homebuyers (entry-level townhomes through luxury condominiums, with prices ranging from $229,990 to $4.15M), rental residents (monthly rents from $1,000 to $2,025 at flagship communities such as Spectrum Heights and The Standard at Prairie Trail), and commercial real estate investors and tenants (retail, office, and industrial space, with commercial leases quoted on a NNN basis).

The business is structured around full-lifecycle real estate services: site selection and feasibility, design and general contracting through JCorp, custom home building through Caliber Homes, brokerage through Caliber Realty, and recurring property management. The company has no proprietary technology platform disclosed, relying on standard industry tooling including the Appfolio resident portal and CoStar/LoopNet/CREXI for commercial listings. Revenue is generated through three streams: transaction-based brokerage commissions on residential and commercial sales, recurring rental income from the managed portfolio, and one-time development and construction fees. Distribution is direct via in-house sales and leasing teams, supplemented by commercial listing platforms and community-based marketing.

In 2024, the company expanded geographically for the first time, establishing the Caliber Florida subsidiary and acquiring the Hammock Cove site in East Naples for $2,205,000, and announced the $350M, 160-acre Kettlestone Central mixed-use development in Waukee with the Jensen Group. The company is privately held and founder-owned by Nick Jensen, with no external institutional or private equity investment disclosed in the available data.

Name

Caliber

Legal name

Caliber Company

Website

https://calibercompany.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Short description

Caliber Company is a vertically integrated real estate developer and operator in central Iowa, managing 2,850 rental units and 350 built homes across development, design-build, property management, brokerage, and custom home building divisions, with recent expansion into Florida.

Ownership category

akta.pro rank

Product category

Real Estate Development & Property Services

NAICS

Offices of Real Estate Agents and Brokers (531210), Real Estate Property Managers (53131)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate (6500), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Land & Development Site Brokerage (BPAJABAG)

akta.pro secondary industry

Industrial Land & Build-to-Suit Site Brokerage (BPAJACAJ)

Keywords

• Real estate development
• Property management services
• Custom home building
• Commercial real estate brokerage
• Design build construction

Headquarters

HQ city

Ankeny

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Real Estate Sales/Brokerage: Commission-based residential and commercial real estate transactions through Caliber Realty, including townhomes, condos, and commercial properties for sale or lease.
2. Property Management: Recurring rental income from a portfolio of approximately 2,850 rental units including apartments, townhomes, and single-family homes managed by Caliber Property Management.
3. Development & Construction: Revenue from land development, custom home building through Caliber Homes, and general contracting through JCorp Design Build.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

Caliber is a vertically integrated real estate owner, operator, and developer that delivers services across the full real estate lifecycle: land development (site selection, feasibility, zoning), design-build construction (JCorp Design | Build), property management for ~2,850 rental units, residential and commercial brokerage (Caliber Realty), and custom home building (Caliber Homes). The company develops, builds, sells, leases, and manages its own residential and commercial real estate portfolio across central Iowa and Florida.

Product overview

Caliber Company is a vertically integrated real estate owner, operator, and developer based in Ankeny, Iowa. The company operates as a platform of interconnected real estate services spanning development (site selection, feasibility studies, planning/zoning), JCorp Design | Build (architectural and construction services), Property Management (rental homes, apartments, townhomes), Caliber Realty (commercial and residential brokerage), and Caliber Homes (custom home building). The portfolio includes over 2,850 rental units, 350 homes built, and a $550M portfolio. The company offers residential products including townhomes (Kettlestone Central, Prime 39, Rossa, Walnut Crest, Bricktop36, Parkway, Calusa, Chautauqua Park), condos (The Collier, CITYVIEW34), apartments (Spectrum Heights, The Standard, The Windsor), and commercial properties (retail centers, industrial space, land). This is a multi-service real estate company with no unified software platform—the products and services are distinct business lines within the real estate development and property ecosystem.

Differentiator

Problem solved

Functional benefit

Brands

• JCorp Design | Build: Design and build services for commercial and residential projects, enhancing and investing in the community through innovative design and excellence in execution.
• Caliber Homes
• Caliber Realty
• Caliber Property Management

Products and services

• Development Land development services including site selection, feasibility studies, planning, zoning navigation, and site plan approvals for real estate projects across central Iowa. For developers, investors, and municipalities seeking entitled, market-ready real estate.
• JCorp Design | Build Design and general contracting services for commercial and residential projects, combining architecture, design, and construction execution. For property owners, developers, and businesses in central Iowa.
• Property Management Full-service rental property management for approximately 2,850 units of apartments, townhomes, and single-family homes across the Des Moines metro. For individual renters and residents of central Iowa.
• Caliber Realty Brokerage services for commercial and residential real estate transactions, including sales, leasing, and tenant representation. For homebuyers, sellers, investors, and businesses in central Iowa.
• Caliber Homes Custom home building services delivered through a three-phase Plan, Design, and Build process with customizable floor plans. For individual homebuyers in central Iowa seeking new-construction single-family homes.
• Kettlestone Central Townhomes A 10-unit for-sale townhome collection in Waukee, Iowa, part of the 164-acre Kettlestone mixed-use development, featuring 2 bedrooms, luxury vinyl plank flooring, and James Hardie siding. For individual homebuyers.
• Prime 39 Townhomes A 38-unit townhome development in West Des Moines, Iowa, featuring 3-bedroom, 2.5-bathroom floor plans near Ruth's Chris Steak House. For individual homebuyers.
• Rossa Townhomes Architecturally curated ranch-style townhome community in West Des Moines featuring 3–4 bedrooms, 3 bathrooms, luxury vinyl flooring, quartz countertops, glazed porcelain tile backsplash, and Delta plumbing fixtures. For individual homebuyers.
• Walnut Crest Townhomes Boutique townhome community in Urbandale, Iowa featuring 2 bedrooms, 2.5 bathrooms, luxury vinyl plank flooring, quartz countertops, and James Hardie siding. For individual homebuyers.
• Bricktop36 Townhomes Luxury townhome project overlooking downtown Des Moines and Gray's Lake Park featuring 2 bedrooms, 2.5 bathrooms, Des Moines skyline views, and 9-year tax abatement. For individual homebuyers.
• The Collier Condominiums Luxury boutique condo building in Ankeny adjacent to The District at Prairie Trail, offering 24 residences with resort-style pool, pool house, and secure underground heated parking. For individual homebuyers.
• Parkway Townhomes at Prairie Trail 66 for-sale townhome residences at Prairie Trail in Ankeny, Iowa, starting at $295,000, featuring the Villa Plan with 2–3 bedrooms. For individual homebuyers.
• CITYVIEW34 Brownstones Upscale brownstone community of 49 units for sale in downtown Des Moines' northern gateway, featuring 2 bedrooms, 2.5 baths, 2-car attached garage, and third-floor balconies with city views. For individual homebuyers.
• Campiello Pointe Townhomes Modern Mediterranean boutique townhomes in West Des Moines with 3 beds, 2.5 baths, floor-to-ceiling windows, GE appliances, and quartz countertops. For individual homebuyers.
• Spectrum Heights Apartments Resort-inspired apartment community in Ankeny, Iowa featuring pool, pickleball courts, fitness center, dog park, with 1 & 2 bedroom units priced $1,000–$2,025 per month. For individual renters.
• The Standard at Prairie Trail Rental apartment community at Prairie Trail in Ankeny, Iowa, operated by Caliber Property Management. For individual renters.
• The Windsor Apartments Apartment complex in Des Moines that received the 2026 CoStar Impact Award for Multifamily Development of the Year. For individual renters.
• Kettlestone Central Retail Center Multi-building retail center development in Waukee, Iowa with units ranging from 1,450 to 13,772 SF across multiple buildings. For commercial tenants and retail businesses.
• Waukee Industrial Space Industrial space for lease in Waukee, Iowa at $12.00/SF/YR (NNN) on 24.63 acres. For industrial tenants and businesses.
• Norwalk Retail Space 24,571 SF retail space in Norwalk, Iowa, located near Gregg Young Sports Campus. For commercial tenants and retail businesses.
• Albaugh Airport Industrial Land 22.08-acre industrial site behind Ankeny Airport with M-1 zoning, with parcels ranging from 2.00 to 8.00 acres available for sale or build-to-suit. For industrial buyers, developers, and tenants.
• Hammock Cove (Caliber Florida) Caliber Florida's first project in East Naples, Florida, with plans for approximately 60 dwelling units on 4.34 acres of vacant commercial property within the Sabal Bay master-planned unit development. For individual homebuyers and second-home/investment buyers in the Southwest Florida market.

Quantifiable outcome

• 2,850 rental units under management
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered flagship and core.

• Jensen GroupflagshipStrategic or Co-development PartnerJensen Group and Caliber Iowa are co-developing the Kettlestone Central project, a $350 million, 160-acre mixed-use development in Waukee that will include over 1,000 residential dwellings, restaurants, bars, retail shops, hotels, and field houses.
• Community Choice Credit UnioncoreStrategic or Co-development PartnerCommunity Choice Credit Union broke ground on a new mixed-used financial center in Waukee's Kettlestone Retail Community District, developed as part of the larger Kettlestone development.
• Exile Brewing CompanycoreStrategic or Co-development PartnerDes Moines' Exile Brewing Co. plans to open a new location inside the Kettlestone Social food hall and entertainment space coming to Waukee, part of the Caliber-developed Kettlestone Central.
• Dancin' with RoxiecoreStrategic or Co-development PartnerNationally recognized dance studio Dancin' with Roxie is opening a new location in Kettlestone Center in Waukee, Iowa, a Caliber Development project.
• The Breakfast ClubcoreStrategic or Co-development PartnerThe Breakfast Club restaurant plans to open its newest location in Kettlestone Central, a new commercial project at 2285 Grand Prairie Parkway in Waukee. The lease was secured by Caliber Realty brokers Justin Washburn and Juliana Rodgers.

Scale indicators7 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• D.R. Horton: Largest U.S. homebuilder with broad geographic reach and active in Midwest markets. Comparable on the for-sale residential side (Caliber Homes, townhome communities) although far larger and publicly traded.
• Village Green: National multifamily owner-operator focused on garden-style and townhome rental communities with in-house property management. Comparable to Spectrum Heights and The Windsor operations.
• Toll Brothers: Luxury homebuilder with active townhome and condominium product lines. Comparable to Caliber's luxury condo and townhome offerings (The Collier, Bricktop36, CITYVIEW34) at a much larger national scale.
• Greystar Real Estate Partners: Largest U.S. multifamily property manager, developer, and operator. Comparable to Caliber Property Management's recurring rental revenue engine, though at institutional scale and with global reach.
• Lennar Corporation: National homebuilder with a land development arm (Lennar Land) and multifamily strategy (Lennar Multifamily). Comparable architecture of integrated homebuilding plus development that could pressure Caliber if it scales outside Iowa.
• BH Management Services: Large-scale multifamily property manager with hundreds of thousands of units under management. Comparable to Caliber Property Management's recurring rental operations, though at substantially larger scale.

Direct peers

• Rottlund Homes: Mid-size regional homebuilder active in the upper Midwest with townhome and single-family product similar to Caliber Homes' offerings.
• Inland Group: Vertically integrated real estate company spanning commercial development, brokerage, and property management across multiple U.S. markets, comparable in scope and integrated service model.
• Hubbell Realty Company: Des Moines-based vertically integrated developer, homebuilder, and property manager operating across central Iowa. Closest analog to Caliber's integrated platform serving the same regional market with development, construction, and rental operations.

Others

• Compass: National residential real estate brokerage platform. Overlaps with Caliber Realty's brokerage function, but Compass is brokerage-only and technology-led versus Caliber's integrated operating model.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/calibercompany
• LinkedInlinkedin.com/company/caliber-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Caliber