One of the biggest apartment developers in Southern Nevada has a new president.
The Calida Group announced that its chief investment officer, Josh Nelson, has been promoted to the role where he will oversee day-to-day operations and investment strategy.
Nelson, who has been with the Las Vegas-based company for more than a decade, will work alongside Calida co-founders Eric Cohen and Doug Eisner to “guide Calida’s continued expansion and long-term strategic growth,” according to the news release.
“Josh has been instrumental in helping build Calida into one of the most active multifamily investment and development platforms in the country,” Eisner said, adding the group is “excited to see him lead Calida into its next chapter.”
According to the release, the company expects to deploy around $1 billion of capital this year through development projects, acquisitions and operations.
Nelson joined Calida in late 2015 as a development officer and moved up the ranks over the years.
He became vice president of development in 2018, senior vice president of development in 2020, and chief investment officer in 2022, as outlined on his LinkedIn profile.
Cohen and Eisner launched Calida in 2007 and have developed or acquired more than 30,000 multifamily units, the company says.
They have developed apartment complexes throughout the Las Vegas Valley, typically with the Elysian or Ely brands.
As seen on its website, Calida’s portfolio includes numerous properties outside Nevada, including in California, Oregon, Washington state, Idaho, Illinois, and Florida.
Contact Eli Segall at esegall@reviewjournal.com or 702-383-0342.
