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Opportunity Zone Fund IIIFor accredited investors

Opportunity Zone investing.
Rooted in Silicon Valley.

One of the nation’s first Opportunity Zone fund managers.

Request Fund III details
Aerial photograph of downtown San Jose, the planned geographic focus of Fund III
Downtown San JoseLocation context · Not a Fund III asset

Opportunity Zone tax benefits

Defer. Reduce. Eliminate.

Three potential federal tax benefits for qualifying Opportunity Zone investments made in 2027 and beyond.

Up to5 years

Tax deferral

Reinvest eligible capital gains in a Qualified Opportunity Fund and defer federal tax for up to five years, unless an earlier inclusion event occurs.

After five qualifying years10%

Gain reduction

A qualifying five-year hold provides a basis increase equal to 10% of your deferred gain, reducing the original gain subject to federal tax.

A qualifying hold of10+ years

Potential tax elimination

After at least ten years, a qualifying election can exclude eligible appreciation in your Opportunity Fund investment from federal capital gains tax.

Discuss your capital gain

Share your gain date, type and amount.
Our team will call to discuss the details.

For qualifying investments made on or after January 1, 2027. Timely reinvestment, eligibility, required elections, holding periods and fund compliance apply. The remaining original deferred gain becomes taxable after five years, or sooner after an inclusion event. The appreciation exclusion is subject to a 30-year basis cap. These program benefits are not a determination of Fund III’s eligibility. California does not conform to these federal OZ incentives. Consult your tax, legal and financial advisors. IRS Notice 2026-40 ↗ · IRS Notice 2026-55 ↗ · California FTB ↗

Why Urban Catalyst

Two prior OZ funds.
San Jose development expertise.

We combine Opportunity Zone fund experience with development work across entitlement, construction and operations in downtown San Jose.

Fund I

Launched in 2019

Fundraising closed in December 2020.

Fund II

Launched in 2021

Fundraising closed at the end of 2025.

Both funds closed to new investment. Fundraising history is sponsor experience, not investment returns or Fund III holdings. Fund I history ↗ · Fund II history ↗

Discuss Fund III
Two Urban Catalyst team members in front of a building under construction
Urban CatalystFund management and development expertise

Fund III, at a glance

What Fund III
plans to invest in.

Multifamily development in downtown San Jose, with the manager sourcing and selecting investments within the fund’s anticipated strategy.

Anticipated strategy
Multifamily development Focused on downtown San Jose
Intended audience
Accredited investors Future participation would be subject to eligibility and offering requirements
Project selection
Manager-selected investments No specific project has been identified and no land has been acquired
Minimum investment
$250,000 Fees, holding period and other terms will be described in the final offering documents

Urban Catalyst portfolio

Our development experience.

Completed places, active construction and projects in planning. These are examples from UC’s existing portfolio, not identified Fund III investments.

Exterior photograph of the completed Keystone TownePlace Suites by Marriott hotelCompleted project · Photograph
Completed + open

Hospitality

Keystone

TownePlace Suites by Marriott, completed and opened in April 2025 near Diridon Station and SAP Center.

176 roomsA completed hotel in downtown San Jose
View Keystone
Actual construction photograph of Aquino showing framing, sheathing and scaffoldingActual construction photograph
Under constructionMultifamily

Aquino

278 residences near Downtown West and Diridon Station. Construction began in September 2025.

View Aquino
Photograph of Paseo, a completed office and retail development in downtown San JoseCompleted project · Photograph
Completed + openOffice + retail

Paseo

Approximately 75,000 SF of office and 25,000 SF of retail, reimagined from a former movie theater.

View Paseo

More from our downtown portfolio.

Additional projects at different stages of planning and development.

Architectural rendering of the planned Echo residential developmentArchitectural rendering
Planning permit approved

Echo

315 planned residences
Concept rendering associated with the Gifford development siteSite concept rendering
Application submitted

Gifford

276 proposed residences

Entitled for senior housing; change to multifamily proposed.
Architectural rendering of the planned Icon residential developmentArchitectural rendering
Planning permit approved

Icon

330 planned residences
Architectural rendering of the planned Spartan Vista student housing towerArchitectural rendering
Planned student housing

Spartan Vista

850+ planned beds

Project descriptions reflect UC’s published July–August 2026 updates, reviewed October 29, 2026. Project plans, timing, uses and designs may change. Renderings are illustrative. Portfolio experience is not Fund III performance; past performance does not guarantee future results.

Request Fund III details

A simple next step

How to learn more
about Fund III.

Share the details once. Our team will follow up to discuss your situation and answer your questions.

  1. 01

    Tell us about your gain.

    Complete the form with your contact information and capital gain date, type and amount.

  2. 02

    Connect with our team.

    We’ll call to discuss your timing, your questions and the planned Fund III strategy.

  3. 03

    Review the details.

    Consider applicable offering information with your tax, legal and financial advisors before making a decision.

Before we talk

Fund III
questions, answered.

Have another question?
Contact the UC team

What is Fund III expected to invest in?

Fund III is expected to focus on multifamily development in downtown San Jose. No specific project has been identified and no land has been acquired. Investors would rely on the manager to source and select investments within the strategy described in the final offering documents.

Who is this intended for?

This page is intended for accredited investors interested in learning about Urban Catalyst’s planned Fund III. Requesting information does not establish eligibility to invest or complete any required verification.

What is the minimum investment?

The minimum investment in Fund III is $250,000. Any investment would be governed by the final offering documents, which should be reviewed before making a decision.

Are these projects Fund III investments?

The projects shown are examples from Urban Catalyst’s existing portfolio. They are not identified here as Fund III investments. Any future Fund III portfolio and investment strategy would be described in its offering documents.

What should I know about OZ tax benefits?

Benefits depend on eligible gains, investment timing, qualifying fund and property requirements, holding periods, and ongoing compliance. The 2027 framework differs from the original rules. Do not assume Fund III or a particular investment qualifies; review the offering documents with your own tax advisor. Read our Opportunity Zones 2.0 overview →

What are the investment risks?

Private real estate funds can involve substantial risk, including loss of the entire investment, limited liquidity, and development, financing, leasing and market risks. A future offering’s documents would explain its specific risks. Potential tax benefits do not remove investment risk.

Does requesting information commit me to invest?

No. Submitting the form is a request for a call, not an investment, reservation, allocation or commitment. Any offering would be made only through the applicable private placement memorandum and related documents.

Opportunity Zone Fund III · Downtown San Jose

Discuss Fund III
with our team.

Tell us about your capital gain. Let’s discuss what comes next.

Request Fund III details For accredited investors · No investment commitment
Urban Catalyst Funds
99 S. Almaden Blvd., Suite 600
San Jose, CA 95113
info@urbancatalyst.com (408) 624-5423
Terms & Conditions ↗

For accredited investors only. Fund III’s strategy and terms are anticipated and subject to final offering documents. No specific project has been identified and no land has been acquired. This page is for informational purposes and is neither an offer to sell nor a solicitation of an offer to buy any security. Any future offering would be made only by delivery of the applicable private placement memorandum, subscription agreement and related operative documents.

Investments in private real estate funds are speculative, involve significant risk, may be illiquid, and may result in the loss of some or all invested capital. There is no assurance an investment objective will be achieved. Portfolio examples, completed projects and sponsor experience do not indicate future fund performance. Past performance is not a guarantee of future results.

Urban Catalyst does not provide tax, legal or financial advice. Potential tax benefits depend on individual circumstances, investment timing, statutory requirements and continuing compliance, and are subject to change. Consult your own advisors. Neither the SEC nor any other securities regulator has approved or endorsed any future offering.

© 2026 Urban Catalyst LLC. All rights reserved.Downtown San Jose. Long-term vision.