Urban Catalyst: About Our Opportunity Zone Funds & Track Record

Urban Catalyst is a premier real estate firm specializing in private equity placement into both ground-up development projects and income-producing properties. As both a fund manager and developer, Urban Catalyst boasts extensive experience in ground-up development. Its fund portfolio includes tax-advantaged Opportunity Zone funds and a traditional real estate private equity fund.

Urban Catalyst's Opportunity Zone Fund, centered in downtown San Jose, California, ranked in the top 4% of all 2023 tracked Opportunity Zone fund sponsors, according to the research firm Novogradac. Additionally, Forbes named it one of the top ten Opportunity Zone funds. Urban Catalyst was also recognized as the 2024 Developer of the Year by the Silicon Valley Business Journal.

Urban Catalyst Opportunity Fund I, LLC ("Fund I") closed on December 30, 2020, raising $131 million from a diverse group of investors. Urban Catalyst proudly highlights the success of Fund I—a multi-asset real estate fund focused on ground-up developments. By the time the offering closed, the fund had acquired a portfolio that includes office spaces, mixed-use properties, student housing, senior housing, and a hotel.

Building on the success of Fund I, which closed in 2020 after raising $131 million, Urban Catalyst launched Urban Catalyst Opportunity Zone Fund II, LLC ("Fund II") in 2021. Fund II features a diverse portfolio of ground-up development projects in Downtown San Jose, including multi-family towers called Icon and Echo, a Marriott TownPlace Suites hotel named Keystone, and a senior living facility called Gifford Place.

For the Icon and Echo project, Urban Catalyst plans to redevelop one side of a city block near San Jose City Hall into multifamily buildings. Icon will comprise approximately 650 units, while Echo will feature nearly 400 units. Urban Catalyst’s demolition subcontractor began clearing the Keystone site in February 2023, with plans to complete the 176-key hotel by the first quarter of 2025. For Gifford Place, Urban Catalyst demolished the project site in May 2022 and is currently seeking construction financing to move forward with the 169-unit senior living project.

The UC Multifamily Equity I LLC ("UCME") Fund is structured as a traditional real estate private equity fund focusing on the ground-up development of Aquino, a 278-unit multifamily apartment building in downtown San Jose, California. The Fund is structured to allow qualified retirement plan investments.