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Novogradac
Urban Catalyst ranked in the top 4% of tracked Opportunity Zone fund managers from 2023 to 2025 and in the top 5% from 2020 to 2022, according to Novogradac.
Media Kit
Urban Catalyst Media Kit
Company facts, project updates, leadership information, recognition, and press resources for coverage of downtown San Jose real estate and Opportunity Zone development.
Information current as of July 2026.Company Boilerplate
About Urban Catalyst
Urban Catalyst is a San Jose-based real estate development and investment sponsor focused on private equity real estate and Opportunity Zone development in downtown San Jose. The firm acts as both fund manager and developer, with projects across multifamily, hospitality, office, retail, and student housing real estate.
Fund I closed in 2020 with more than $131 million raised. Fund II closed at the end of 2025. Urban Catalyst does not have an open Opportunity Zone fund in 2026 and is monitoring the Opportunity Zones 2.0 framework for a potential 2027 fund.
Quick Facts
Company Facts
| Company | Urban Catalyst LLC |
|---|---|
| Headquarters | 99 S. Almaden Blvd., Suite 600, San Jose, CA 95113 |
| info@urbancatalyst.com | |
| Phone | (408) 624-5423 |
| Focus | Downtown San Jose real estate development and private equity real estate strategies |
| Current OZ fund status | No open Opportunity Zone fund in 2026 |
Project Snapshot
Downtown San Jose Projects
| Project | Asset Class | Size | Current Status |
|---|---|---|---|
| Aquino | Multifamily | 278 units | Under construction. Groundbreaking took place in September 2025, and vertical construction is underway. |
| Echo | Multifamily | 315 units | Planned transit-oriented multifamily project near future BART and VTA light rail access. |
| Fountain Alley Building | Office / Retail | 67,000 SF office / 19,500 SF retail | Planned office and retail project on historic Fountain Alley. |
| Gifford | Multifamily | 276 units | Entitled for senior housing; preliminary application submitted to change use to multifamily. |
| Icon | Multifamily | 330 units | Entitled for office space; preliminary application submitted to change use to multifamily. |
| Keystone | Hotel | 176 keys | Completed and open. Construction was completed in April 2025. |
| Paseo | Office / Retail | 75,000 SF office / 25,000 SF retail | Completed and open with Urban Putt and Eos & Nyx as tenants. |
| Spartan Vista | Student Housing | 850+ beds | Planned student housing tower located less than one block from San Jose State University. |
Project details, timing, uses, and development plans may change. Information current as of July 2026.
Recognition
Recognition And Coverage
Forbes OZ 20
Forbes named Urban Catalyst to the Forbes OZ 20 in 2019.
Silicon Valley Business Journal
The Silicon Valley Business Journal recognized Urban Catalyst as 2024 Developer of the Year.
CoStar
CoStar recognized Paseo with a 2025 Impact Award.
Add source links to each recognition item before publishing.
Press Contact
Media Inquiries
For press inquiries, contact Urban Catalyst LLC at info@urbancatalyst.com or (408) 624-5423.
This page is provided for informational and media reference purposes. Nothing on this page constitutes an offer to sell or a solicitation to buy securities.
Opportunity Zones: Community Impact
Joshua Burroughs explains how Qualified Opportunity Fund Urban Catalyst is acquiring projects in the downtown San Jose that are going to work with each other and create a sense of place.