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Why Urban Catalyst
We're the rare OZ fund that develops its own projects: award-winning buildings in the heart of downtown San Jose, from ground breaking to grand opening.
Fund III Coming 2027Fund manager and developer, under one roof
Most opportunity zone funds raise capital first and go shopping for deals later. We work in the opposite order: our pipeline of trophy projects in the downtown San Jose opportunity zone is already secured before we ever ask for a dollar.
A track record our industry has noticed
Recognition from Novogradac, Forbes, CoStar, and the Silicon Valley Business Journal, with most of it earned in the last two years.
CoStar Impact Award
Best Hospitality Project
Developer of the Year
Forbes Top 20 Opportunity Zone
Additional Honors
Why San Jose
The 10th-largest city in America, a chronic housing shortage, and billions in planned transit and campus investment, all concentrated in one opportunity zone.
Completed Urban Catalyst projects
Both of our first two ground-up projects are open today, and both won their category at the Silicon Valley Structures Awards.
Paseo
Creative office & retail, street-level plaza · Best Rehab and Reuse Project, 2023 · CoStar Impact Award, 2025
Keystone
TownePlace Suites by Marriott · Best Hospitality Project, 2024
Urban Catalyst timeline
Urban Catalyst formed
Opportunity Zone Fund I opened
Forbes OZ 20
Downtown San Jose named a top-20 opportunity zone in America
Paseo ground breaking
Opportunity Zone Fund I closed
Opportunity Zone Fund II opened
Gifford Place ground breaking
Keystone ground breaking
UC Multifamily Equity I LLC opened
Paseo complete · Structures Award, Best Rehab & Reuse
Structures Award: Best Hospitality Project (Keystone)
CoStar Impact Award · Keystone grand opening
Opportunity Zone Fund III planned launch
The next chapter of downtown San Jose. Anticipated timing; subject to change.
Paseo and Keystone are open today.
Fund III is planned for 2027.
Urban Catalyst plans to launch Opportunity Zone Fund III in 2027. Be the first to know when details are available, and in the meantime, learn how opportunity zone investments may allow eligible investors to defer, and potentially reduce, taxes on capital gains.
Get Fund III Launch UpdatesFor accredited investors only. Fund III has not launched and is not currently being offered; timing and terms are anticipated and subject to change. Any future offering would be made only by delivery of a private placement memorandum. Past performance is not a guarantee of future results. Potential tax benefits depend on individual circumstances and are subject to change; consult your tax, legal, and financial advisors.