.png?width=2991&height=762&name=UrbanCatalyst_Horizontal%20Logo_Blue%20w%20Dk%20Blue%20(RGB).png)
Tax deferral
Defer federal tax on eligible capital gains.
Opportunity Zone Fund III Now live
Opportunity Zone
Urban Catalyst · San Jose, California
Opportunity Zone
investing.
Silicon Valley
development.
A real estate developer and fund manager with deep experience in downtown San Jose.
For accredited investors. Any offering is made only through its offering documents.
Downtown San Jose
Our latest Opportunity Zone fund
Fund III
is now live.
Multifamily development
in downtown San Jose.
Explore Fund III’s planned strategy, backed by UC’s experience as both fund manager and developer.
Get the Fund III detailsThree potential tax benefits.
For qualifying OZ investments made on or after January 1, 2027.
Gain reduction
Reduce the original gain subject to federal tax.
Potential tax elimination
Exclude eligible investment appreciation from federal capital gains tax.
Timely investment, eligibility, elections, holding periods and continuing fund compliance apply. The remaining deferred gain becomes taxable after five years, or sooner following an inclusion event. Appreciation exclusion is subject to a 30-year basis limit. These are program benefits, not confirmation that Fund III or a particular investment qualifies. California does not conform to these federal OZ incentives. Consult your tax advisor. Explore benefits and conditions ↗
Our development work
See what
we’re building.
Completed destinations. Active construction.
A portfolio focused on downtown San Jose.
Completed + openHospitality · Downtown San Jose
Keystone
TownePlace Suites by Marriott
A 176-room extended-stay hotel near Diridon Station and SAP Center, completed and opened in April 2025.
Explore Keystone
Also in our portfolio
Existing UC portfolio examples, not identified Fund III investments. Project information reflects UC’s published updates reviewed November 3, 2026; plans and timing may change. Sponsor experience does not indicate future fund performance.
Why Urban Catalyst
One of the nation’s
first Opportunity Zone
fund managers.
Local development expertise.
Experience across two prior OZ funds.
We manage funds and develop real estate in downtown San Jose. Our team works across project entitlement, construction and operations, bringing local knowledge to the full development process.
Fund I
Launched in 2019.
Closed to new investment in December 2020.
Fund II
Launched in 2021.
Closed to new investment at the end of 2025.
Fundraising history describes sponsor experience, not investment returns or Fund III holdings.
Meet Urban Catalyst
Our home. Our focus.
Downtown San Jose.
Deep local knowledge.
Our office and our portfolio are here. We know the neighborhoods, the development process and the people helping shape Silicon Valley’s largest city.
Discover our San Jose portfolioFor financial professionals
Helping clients evaluate
Opportunity Zone investing?
Connect with our team to discuss Urban Catalyst, our development approach and the details of Fund III.
Resources for financial professionalsA few essentials
Before you
explore Fund III.
More fund details and the investor inquiry form are on the Fund III page.
Explore Fund IIIIs Fund III now live?
Yes. You can now explore Urban Catalyst’s Opportunity Zone Fund III and request a conversation with our team. Review the fund page and applicable offering documents for its strategy, terms and eligibility requirements.
What is Fund III’s planned investment focus?
Fund III’s planned strategy focuses on multifamily development in downtown San Jose. The projects shown on this homepage belong to UC’s existing portfolio and are not identified Fund III investments. No specific Fund III project has been identified and no land has been acquired.
How do I speak with the team?
Use the form on the Fund III page to share your contact information and capital gain date, type and amount. Our team will call to discuss your timing and questions. Requesting information does not commit you to invest.
Request a conversationOpportunity Zone Fund III · Now live
Explore Fund III.
Talk with our team.
See the strategy. Understand the potential tax benefits.
Discuss your capital gain and investment timing.
Request Fund III details For accredited investors · No investment commitment