My Focus as CEO and Next Steps for CalTier

As CalTier’s newly appointed CEO, I want to share with you my immediate priorities and focus — to realign the company with its mission, increase trust, and unlock the next phase of growth.  

We are entering a pivotal chapter, one that demands focus, discipline, and execution.

With that in mind, I want to share five immediate priorities that I am initiating as a company-wide focus as we move into the next phase:

1. Getting CalTier Fund I Back Online

My top priority is CalTier Fund I 

CalTier Fund I was our first fund offering. It remains the foundation of our platform and a key driver of returns, portfolio growth, and investor awareness. Restoring the momentum, value, and performance it demonstrated previously is a central focus as we move forward.

Before the unexpected pause and extended requalification process, the fund was delivering consistent monthly distributions and steadily building a diverse nationwide real estate portfolio.

Since then, we have been working diligently with experienced securities attorneys, accountants, auditors, and representatives of the SEC to requalify the fund and regain momentum. We have made significant progress and, while certain elements remain out of our control (such as government shutdowns and regulatory timelines), we have redoubled our efforts and are doing everything in our power to complete the process as soon as possible.

Following the requalification of the fund, we intend to resume the following three core activities: delivering distributions, processing redemptions, and making new real estate investments.

Distributions

Providing consistent distributions has always been a core objective of the fund. During its active period, we were able to achieve this goal and we’ve continued working behind the scenes to protect and improve the underlying assets in order to resume these distributions once the fund is live again. We have worked to structure the portfolio with long-term stability in mind and are focused on optimizing existing assets to support future cash flows and returns.  

Redemptions

Managing a real estate fund like CalTier Fund I comes with a high level of stewardship and responsibility. One of the biggest challenges is balancing long-term performance with investor liquidity, especially when investing in inherently illiquid assets like real estate.

We have always strived to provide a flexible redemption policy while maintaining and growing a valuable portfolio for all of our investors. 

Prior to the pause, we fulfilled most redemption requests in a timely manner. I understand how frustrating any delay can be and that is something we do not take lightly.  

My goal is to reinstate redemptions as soon as possible after the fund is requalified. Our support team will work through the existing queue in the order requests were received and we’ll communicate clearly and effectively throughout the process. 

At the same time, we will continue to prioritize the overall stability and performance of the fund to protect all investors’ positions for long-term success.

New Investments

Looking ahead, we believe that we are entering a unique environment and rare window of opportunity in the real estate market, specifically in multifamily. Interest rates are beginning to ease, seller expectations are adjusting, and the demand for multifamily housing remains strong, particularly in supply-constrained markets. We are already beginning to identify several compelling acquisition targets that could expand, improve, and enhance the fund’s portfolio and potential performance.

I will ensure that we continue to share timely updates as we move towards completing the process. My commitment is to bring CalTier Fund I back online in the most responsible, sustainable way and to restore the value, reliability, and performance our investors expect and deserve.

2. Re-committing to Real Estate

Real estate is our foundation and remains our most impactful driver of long-term growth and value creation. 

As we move forward, our focus and commitment is to protect and enhance our current portfolio through strategic property improvements, proactive asset management, and disciplined sourcing of new opportunities that align with our long-term investment strategy.

The following are just a few examples of how we will accomplish this:

• • Seacoast Sands (San Diego, CA) – This beachfront property is achieving well above market rents, particularly with our short-to-medium term tenants. We believe we can add value and increase Net Operating Income (NOI) through light renovations and by adding two new Accessory Dwelling Units (ADUs). 
  • Reflections at Lakeshore (Lake Elsinore, CA) – After months of collaboration with architects, engineers, and city officials, we recently received a “Letter of Complete”, which marks a major milestone in the entitlement process for this multifamily development.
  • The Retreat (Houston, TX) – Our local partner recently completed key renovations and transitioned to a new property management team. We are already seeing positive results and improvements in occupancy, collections, and rental rates. 

In addition to protecting our current portfolio of properties, we are actively evaluating acquisition targets in Georgia, Texas, Utah, Oregon, and California. At the same time, we are exploring potential options for refinancing and potential disposition strategies with select assets. This would enable us to unlock capital, reduce risk, and optimize overall performance. 

Our objective is to grow and maintain a high-performing real estate portfolio that generates income, appreciates in value, and supports consistent distributions for investors. With market conditions starting to shift, we believe the timing is right to refocus on our core strengths and position the Company and our offerings for renewed growth.

We recently hosted a couple of webinars to discuss some of these properties. If you have any questions or would like more information about a specific property, please reply to this email.

3. Elevating Our Technology

Technology is the backbone of our platform, not just for real estate investing, but for the broader financial ecosystem we are building. You may have already noticed the new investor dashboard and features we have already implemented. 

Over the coming months, our platform will undergo significant upgrades that will enhance investor usability, transparency, and engagement.

We are working closely with our product and development team to improve the functionality and performance of the current investor portal. These upgrades will include:

• Enhanced features with clearer performance insights
• Streamlined onboarding and API integrations
• Smart automation and AI-powered tools that enhance user experience

These upgrades will not only benefit our current community of investors, but will also serve as the foundation for our future wealth management and banking services. Our goal is to provide a seamless, unified experience where investors can access, monitor, and grow their wealth. By investing in technology now, we’re laying the groundwork for a more intelligent, accessible, and empowering investor experience.

4. Expanding and Re-Energizing Our Community, Brand and Team

Our community of investors has always been at the heart of CalTier. 

From the beginning, our mission has been to open access, build trust, and create opportunities for our community. Today, we have more than 32,000 members. 

As we look ahead, we are recommitting to those principles and laying the foundation for our next chapter of growth. That includes elevating how we engage, communicate, and deliver value to our community. 

Our commitment will focus on four key areas:  

• Expanding the investor base — We are concentrating our efforts on reaching new investors through targeted outreach, new product offerings, and strategic partnerships.
• Rebuilding brand equity and visibility — Our goal is to re-establish CalTier as a recognized and trusted leader in real estate and alternative investing. This includes enhanced marketing strategies, effective communication, and increased public visibility.
• Strengthening communication and investor experience — We are making meaningful improvements to our communication, response times, platform usability, and education resources.
• Making key strategic hires — As we grow and secure additional capital, we plan to make a number of key hires across operations, finance, compliance, marketing, investor relations, and technology. These additions will allow us to move faster, deepen our capabilities, and serve our community with greater focus, clarity, and efficiency.

We will reinforce our core values and ensure that each experience and interaction with CalTier reflects the quality and trustworthiness that our community has come to expect through improved communication, shared growth, and increased access to new offerings and services.  

5. Executing the Broader Vision

CalTier is not just a real estate fund. It’s a platform, and our long-term vision is to evolve it into a fully integrated financial home.

That means adding banking and wealth management capabilities alongside our foundation of real estate, allowing investors to access, grow, and manage their wealth in one seamless ecosystem powered by technology and our growing community.

Executing on this vision will take discipline, collaboration, and resources. We have begun laying the foundation with key strategic partnerships, speaking with institutional investors, and preparing for a formal raise to support this vision. 

In the meantime, there may be unique opportunities to participate early and ahead of institutional rounds. If this is something you’d like to learn more about, please reach out directly. 

Final Thoughts

I understand that many of you, like me, are eager to see forward movement, progress, and momentum towards our shared goals.  We are committed to refocusing and strengthening our efforts to execute on the five initiatives outlined above with discipline, transparency, and renewed energy. 

You will be hearing more from me and our team in the weeks ahead as we implement these initiatives, gain positive momentum, and update you on our progress along the way. We have done much of the hard work and have persevered through challenges along the way. We have made some difficult decisions and positioned the company to scale with renewed clarity, improved operations, and a clear vision for the future. 

I am optimistic about what’s ahead for CalTier and I hope you are too. 

If you would like to connect directly to understand what this means for you, how you might benefit, or how you can get involved in supporting these efforts, please contact me we can schedule time to talk.

Thank you for your continued support, trust, and belief in us. I truly believe the best chapters of CalTier are ahead.

Thank you,
Parker Smith

CEO