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  <xs:element id="cwd_J25LandHoldingsLLCMember" abstract="true" name="J25LandHoldingsLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cwd_Elliot10MezzCoLLCMember" abstract="true" name="Elliot10MezzCoLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cwd_Elliot51stStreetLLCMember" abstract="true" name="Elliot51stStreetLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cwd_CaliberCoreGrowthIncomeFundREITLLCMember" abstract="true" name="CaliberCoreGrowthIncomeFundREITLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cwd_MultiFamilyResidentialPropertiesMember" abstract="true" name="MultiFamilyResidentialPropertiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cwd_CommercialPropertiesMember" abstract="true" name="CommercialPropertiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cwd_LessorOperatingLeaseNumberOfProperties" abstract="false" name="LessorOperatingLeaseNumberOfProperties" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="cwd_LessorOperatingLeaseRemainingLeaseTerm" abstract="false" name="LessorOperatingLeaseRemainingLeaseTerm" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="cwd_OperatingLeaseAxis" abstract="true" name="OperatingLeaseAxis" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType"/>
  <xs:element id="cwd_OperatingLeaseDomain" abstract="true" name="OperatingLeaseDomain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cwd_LessorMember" abstract="true" name="LessorMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cwd_OperatingLeaseVariableLeaseIncomeNetOfVacancyConcessionsLeaseLossAndOtherAdjustments" abstract="false" name="OperatingLeaseVariableLeaseIncomeNetOfVacancyConcessionsLeaseLossAndOtherAdjustments" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cwd_OperatingLeaseIncomeComprehensiveIncomeExtensibleListNotDisclosedFlag" abstract="false" name="OperatingLeaseIncomeComprehensiveIncomeExtensibleListNotDisclosedFlag" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="cwd_LessorOperatingLeasePaymentToBeReceivedAfterYearFour" abstract="false" name="LessorOperatingLeasePaymentToBeReceivedAfterYearFour" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cwd_LessorOperatingLeasePaymentToBeReceivedTerm" abstract="false" name="LessorOperatingLeasePaymentToBeReceivedTerm" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="cwd_ScheduleOfOtherLiabilitiesTable" abstract="true" name="ScheduleOfOtherLiabilitiesTable" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType"/>
  <xs:element id="cwd_ScheduleOfOtherLiabilitiesLineItems" abstract="true" name="ScheduleOfOtherLiabilitiesLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="cwd_TenantImprovementAllowanceLiability" abstract="false" name="TenantImprovementAllowanceLiability" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cwd_NonCashBonusSettlementViaEmployeeAccountsReceivableOffset" abstract="false" name="NonCashBonusSettlementViaEmployeeAccountsReceivableOffset" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cwd_IncreaseDecreaseInAccountsReceivableDueToConsolidation" abstract="false" name="IncreaseDecreaseInAccountsReceivableDueToConsolidation" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cwd_InvestmentsInUnconsolidatedEntitiesForInvestorBuyOut" abstract="false" name="InvestmentsInUnconsolidatedEntitiesForInvestorBuyOut" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cwd_IssuanceOfCommonStockInConnectionWithLegalSettlement" abstract="false" name="IssuanceOfCommonStockInConnectionWithLegalSettlement" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cwd_IssuanceOfCommonStockInLieuOfCashPaymentForAccountsPayable" abstract="false" name="IssuanceOfCommonStockInLieuOfCashPaymentForAccountsPayable" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cwd_CorporateNotesRollovers" abstract="false" name="CorporateNotesRollovers" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cwd_ConversionOfCorporateNoteToPreferredStockIncludingWarrants" abstract="false" name="ConversionOfCorporateNoteToPreferredStockIncludingWarrants" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cwd_CorporateNoteIncreaseDueToRolloversNetOfDiscounts" abstract="false" name="CorporateNoteIncreaseDueToRolloversNetOfDiscounts" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cwd_NonCashIssuanceOfConvertibleNoteAndRelatedCommonStock" abstract="false" name="NonCashIssuanceOfConvertibleNoteAndRelatedCommonStock" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cwd_NoncashOrPartNoncashIssuanceOfWarrants" abstract="false" name="NoncashOrPartNoncashIssuanceOfWarrants" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cwd_IncreaseDecreaseInNotesReceivableDueToPaymentOfAccountsPayable" abstract="false" name="IncreaseDecreaseInNotesReceivableDueToPaymentOfAccountsPayable" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cwd_NoncashOrPartNoncashConslidationAbstract" abstract="true" name="NoncashOrPartNoncashConslidationAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="cwd_NoncashOrPartNoncashConsolidationRealEstateInvestmentsNet" abstract="false" name="NoncashOrPartNoncashConsolidationRealEstateInvestmentsNet" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cwd_NoncashOrPartNoncashConsolidationNotesReceivableRelatedParties" abstract="false" name="NoncashOrPartNoncashConsolidationNotesReceivableRelatedParties" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cwd_NoncashOrPartNoncashConsolidationAccountsReceivableNet" abstract="false" name="NoncashOrPartNoncashConsolidationAccountsReceivableNet" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cwd_NoncashOrPartNoncashConsolidationDueFromRelatedParties" abstract="false" name="NoncashOrPartNoncashConsolidationDueFromRelatedParties" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cwd_NoncashOrPartNoncashConsolidationPrepaidAndOtherAssets" abstract="false" name="NoncashOrPartNoncashConsolidationPrepaidAndOtherAssets" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cwd_NoncashOrPartNoncashConsolidationNotesPayableNet" abstract="false" name="NoncashOrPartNoncashConsolidationNotesPayableNet" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cwd_NoncashOrPartNoncashConsolidationAccountsPayableAndAccruedExpenses" abstract="false" name="NoncashOrPartNoncashConsolidationAccountsPayableAndAccruedExpenses" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cwd_NoncashOrPartNoncashConsolidationDueToRelatedParties" abstract="false" name="NoncashOrPartNoncashConsolidationDueToRelatedParties" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cwd_NoncashOrPartNoncashConsolidationOtherLiabilities" abstract="false" name="NoncashOrPartNoncashConsolidationOtherLiabilities" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cwd_NoncashOrPartNoncashConsolidationNoncontrollingInterests" abstract="false" name="NoncashOrPartNoncashConsolidationNoncontrollingInterests" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cwd_CaliberTaxAdvantageOpportunityFundLPMember" abstract="true" name="CaliberTaxAdvantageOpportunityFundLPMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cwd_CaliberTaxAdvantagedOpportunityFundIILLCMember" abstract="true" name="CaliberTaxAdvantagedOpportunityFundIILLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cwd_LimitedLiabilityCompanyOrLimitedPartnershipInternalRateOfReturnThreshold" abstract="false" name="LimitedLiabilityCompanyOrLimitedPartnershipInternalRateOfReturnThreshold" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:pureItemType"/>
  <xs:element id="cwd_FranchiseAgreementsAndAdvanceKeyMoneyFees" abstract="false" name="FranchiseAgreementsAndAdvanceKeyMoneyFees" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cwd_InterestOnConvertibleDebtNetOfTaxAndAdjustments" abstract="false" name="InterestOnConvertibleDebtNetOfTaxAndAdjustments" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cwd_WarrantsNetOfAdjustmentsMember" abstract="true" name="WarrantsNetOfAdjustmentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cwd_GatewayIILLCMember" abstract="true" name="GatewayIILLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cwd_NotesPayableWestFrontierLLCMember" abstract="true" name="NotesPayableWestFrontierLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cwd_FirstTrancheMember" abstract="true" name="FirstTrancheMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cwd_SecondTrancheMember" abstract="true" name="SecondTrancheMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cwd_ThirdTrancheMember" abstract="true" name="ThirdTrancheMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cwd_PreferredStockAuthorizedAmount" abstract="false" name="PreferredStockAuthorizedAmount" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cwd_PreferredStockStatedValuePerShare" abstract="false" name="PreferredStockStatedValuePerShare" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:perShareItemType"/>
  <xs:element id="cwd_PreferredStockMinimumIssuancePricePerShare" abstract="false" name="PreferredStockMinimumIssuancePricePerShare" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:perShareItemType"/>
  <xs:element id="cwd_SaleOfStockMaximumAmountAuthorized" abstract="false" name="SaleOfStockMaximumAmountAuthorized" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cwd_PreferredStockDividendRatePercentageRateIncrease" abstract="false" name="PreferredStockDividendRatePercentageRateIncrease" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:pureItemType"/>
  <xs:element id="cwd_PreferredStockRedemptionFeePercentageYearOne" abstract="false" name="PreferredStockRedemptionFeePercentageYearOne" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="cwd_PreferredStockRedemptionFeePercentageYearTwo" abstract="false" name="PreferredStockRedemptionFeePercentageYearTwo" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="cwd_PreferredStockRedemptionFeePercentageYearThree" abstract="false" name="PreferredStockRedemptionFeePercentageYearThree" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="cwd_IncreaseDecreaseInRevenuesPercent" abstract="false" name="IncreaseDecreaseInRevenuesPercent" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:pureItemType"/>
  <xs:element id="cwd_ReportableSegmentMember" abstract="true" name="ReportableSegmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cwd_AssetsAdjusted" abstract="false" name="AssetsAdjusted" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
</xs:schema>
