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Opportunity Zone Fund II

Now Open for Investment


Urban Catalyst is proud to offer a dynamic portfolio of properties as part of our Fund II offering.
Accredited investors with a capital gains event are looking to diversify their investments into centrally located real estate. They’re looking for tax advantages now, and appreciation and distributions down the road.
On the heels of a successful $135 million Fund I, our current Fund II represents a diverse real estate portfolio, with great momentum in a growing tech hub.


Multi-Family Real Estate

We’re building one of the best multi-family class A assets in all of Downtown San Jose.

Echo is a state of the art, custom-built, 388-unit apartment tower featuring an infinity pool, an indoor/outdoor fitness facility with a lounge, movie room, game room, and full kitchen, and an amazing rooftop lounge. 


  • Centrally located, just yards away from the future Bart station

  • Near tech campuses including Google, Adobe, Zoom, and more

  • High-density residential real estate with amazing amenities, helping alleviate the housing shortage in Silicon Valley

  • Walking distance from tech campuses, City Hall, San Jose State University, restaurants, bars, cafes, small businesses, and all downtown San Jose has to offer.

Project Status: 

  • Land secured, permits and plans approved, and ground-up development is underway.


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Connected Office Space

Next to our Echo multi-family project, we have our Icon project.

Icon is a 500,000 square feet project consisting of office space, open areas, and retail stores, centrally located on Santa Clara Street, the main drag of the central business district. 


  • 511,025 square feet

  • Perfect for tech professionals, bringing together residential and occupational needs

  • Redefining what Class A office space is in downtown San Jose, with forty thousand square foot floor plates, 14-foot floor heights, floor-to-ceiling windows, adequate parking, and beautiful design

  • Significant indoor/outdoor amenity spaces including rooftop decks and gardens, exterior staircases, and balconies to take advantage of San Jose’s 300 days a year of sunshine.

Project Status: 

  • Land secured, permits and plans approved, and ground-up development is underway.

Senior Living


From planning ground-up development to breaking ground, we’re proud of the progress we’ve made on our Gifford Place project.

Gifford Place is a 169-unit senior living project, the first in downtown San Jose in decades. Senior living is a massive need to address the coming wave of seniors retiring and looking for assisted living, and downtown San Jose is an urban environment with a great need for senior housing.


  • Delivering the critical need for assisted living and memory care in the urban center of San Jose, with amazing access to Downtown San Jose's amenities and activities. 

  • The first senior living project in downtown in decades, Gifford Place addresses the coming “gray wave” in Silicon Valley, the hottest senior living market in the country. 

  • Located near the affluent neighborhoods of Willow Glen, Rosegarden, and Naglee Park.

Project Status: 

  • Groundbreaking completed 

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Mariott Hotel


Rounding out our diverse portfolio of Fund II properties is Keystone.

Keystone is a ground-up development project that will become a 165-key Marriott hotel, centrally located in downtown San Jose.


  • Marriot Townplace Suites hotel

  • Highly-coveted location: 300 yards from Google’s planned mega-campus and 3 blocks from Adobe’s Global Headquarters.

  • Steps away from the SAP events center (the most used events center in the country behind Madison Square Garden) and next to the largest multi-model transit hub on the West Coast: San Jose Diridon Train Station.

  • Keystone started vertical construction in January 2023.

Project Status: 

  • Vertical construction in-progress, contract with Marriott signed.


Top-Rated Opportunity Zone Fund
Experts in Ground-Up Real Estate Development

We are a team of fund managers and real estate developers with a track record and history of successful projects in the Bay Area:

  • $5+ billion in development projects

  • $5.2+ billion in real estate asset acquisitions

  • 200+ real estate properties developed across a variety of asset classes

  • Over 2,000 residential units that are now located in opportunity zones

San Jose was recently recognized by Bloomberg as the #1 region in the country poised for post-pandemic recovery. Our strong roots and connections in Downtown San Jose enable us to be a premier real estate developer in one of the country’s hottest region.

UC Team


By investing in Opportunity Zone Fund II, what are my capital gains tax advantages?

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Why should I invest with Urban Catalyst?

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Is it still wise to invest in California?

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Where can I find your fund stats - PPM, IRR, etc?

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Can I meet your leadership in person?

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What are the benefits of investing in an OZ fund that is also the developer?

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Accredited Investors invest with Urban Catalyst because they’re interested in:

  • Diversifying investments from heavily-concentrated stock portfolios into some managed real estate
  • Capital gains tax advantages that come with opportunity zones
  • Owning property and appreciation opportunities that come with centrally located real estate, next to prestigious corporate headquarters, and taking advantage of a growing downtown
“...the ease and accessibility of OZ investing make it stand out as both a way to reduce taxes while playing a role in revitalizing neighborhoods."
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Marcel B.Engineering Manager
"I’m really optimistic about San Jose and I think San Jose is going to come back strong. Many tech companies are expanding there, including my company, Google."
Suresh R.Engineer at Google
“This investment is a very good opportunity to potentially capture some of the growth (of San Jose) and also help minimize the capital gains tax, so that’s a powerful combination."
David C.CEO and Real Estate Investor
When I see what Google is trying to build, and what Urban Catalyst is doing on top of this, it really got me excited. I want to be part of that.
DAVE K.VP at a Biotech Company


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