2024 has been a monumental year for Urban Catalyst and the city of San Jose. From major developments to significant rankings and milestones, here’s a month-by-month breakdown of this year’s highlights:
Icon and Echo Financing Secured: Urban Catalyst landed a new land loan for its Icon and Echo projects, signaling a strong start to the year. Read more
Urban Putt Opens in Paseo: The first tenant in Paseo, Urban Putt, kicked off "Restaurant Row," a new era for experiential retail in downtown San Jose. If you haven’t visited yet, you’re missing out! Discover more
San Jose Ranked #4 for Quality of Life: The city earned a spot among the top U.S. cities for quality of life, a testament to its livability. Explore the ranking
Nvidia’s GPU Technology Conference Returns In-Person: After five years, Nvidia’s flagship event was hosted in downtown San Jose, reinforcing the city’s position as a tech hub. Learn more
Google Completes Orchard Supply Demolition: A significant step forward for downtown’s transformation. Updates here
Aquino Project Secures Funding: Urban Catalyst’s Aquino project received a pivotal loan, bringing it a step closer to beginning construction. Details here
New Diridon Station Renderings Unveiled: Fresh designs showcased the vision for San Jose’s future transit hub. See the renderings
BART Extension Breaks Ground: Construction began on BART’s extension to downtown San Jose. Learn more
San Jose Leads in Rent Growth: Multifamily market data reported San Jose’s rents up 7.9% year-to-date, leading all U.S. markets. See the report
Federal Funding Announced for BART: VTA announced billions in federal funding for the BART extension to downtown San Jose, the second largest transit-related grant from the agency in history and the largest amount of federal money ever given to a West Coast transportation project. Read more
Urban Catalyst Climbs Rankings: Urban Catalyst moved to #18 on the list of Largest Commercial Developers in the Greater Bay Area. Discover more
Keystone Hotel Wins Best Hospitality Project: The Keystone hotel received the 2024 Silicon Valley Structures Award. Read about the honor
SJSU Among Top U.S. Colleges: San Jose State University ranked #16 in WSJ’s Best Colleges list. Learn more
Urban Catalyst Named Developer of the Year: A significant achievement, recognizing the homegrown development company. Read more
San Jose’s Downtown Revival Gains Praise: SF Assemblyman Matt Haney praised the city’s revitalization efforts during a downtown walking tour. Discover more
Eos & Nyx Opens in Paseo: The second tenant in Paseo, Eos & Nyx, bringing a fresh and exciting dining experience to downtown San Jose. Learn more
Collaboration with Nvidia Announced: San Jose and SJSU partnered with Nvidia to drive workforce development and AI innovation. Read more
San Jose Recognized for Multifamily Investment Potential: The city ranked 8th among the top cities for multifamily investment. Learn more
2024 has been an incredible year, marked by growth, innovation, and recognition for both Urban Catalyst and the city of San Jose. As we celebrate these accomplishments, we’re eagerly anticipating an even more dynamic 2025!
As we look ahead, this is what is on the horizon for Urban Catalyst:
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Keystone Marriott TownePlace Suites Opening: We’re thrilled to open our Keystone hotel early next year—just in time to welcome guests for NVIDIA’s GTC Conference, March 17–21, 2025.
- Breaking Ground on Aquino: 2025 will see the start of our highly anticipated Aquino project.
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Continuing to Revitalize Downtown San Jose: Our mission to breathe new life into downtown San Jose continues with more exciting developments on the horizon.
Here’s to building on our momentum and making 2025 a year to remember! Contact us today to be a part of this exciting journey with us!
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The contents of this communication: (i) do not constitute an offer of securities or a solicitation of an offer to buy securities, (ii) offers can be made only by the confidential Private Placement Memorandum (the “PPM”) which is available upon request, (iii) do not and cannot replace the PPM and is qualified in its entirety by the PPM, and (iv) may not be relied upon in making an investment decision related to any investment offering by an issuer, or any affiliate, or partner thereof ("Issuer").
All potential investors must read the PPM and no person may invest without acknowledging receipt and complete review of the PPM.
With respect to any performance levels outlined herein, these do not constitute a promise of performance, nor is there any assurance that the investment objectives of any program will be attained. All investments carry the risk of loss of some or all of the principal invested. Assumptions are more fully outlined in the Offering Documents/ PPM for the respective offering. Consult the PPM for investment conditions, risk factors, minimum requirements, fees and expenses and other pertinent information with respect to any investment.
These investment opportunities have not been registered under the Securities Act of 1933 and are being offered pursuant to an exemption therefrom and from applicable state securities laws. All offerings are intended only for accredited investors unless otherwise specified.
Past performance are no guarantee of future results. All information is subject to change. You should always consult a tax professional prior to investing. Investment offerings and investment decisions may only be made on the basis of a confidential private placement memorandum issued by Issuer, or one of its partner/issuers. Issuer does not warrant the accuracy or completeness of the information contained herein. Thank you for your cooperation.
Real Estate Risk Disclosure:
- There is no guarantee that any strategy will be successful or achieve investment objectives including, among other things, profits, distributions, tax benefits, exit strategy, etc.;
- Potential for property value loss – All real estate investments have the potential to lose value during the life of the investments;
- Change of tax status – The income stream and depreciation schedule for any investment property may affect the property owner’s income bracket and/or tax status. An unfavorable tax ruling may cancel deferral of capital gains and result in immediate tax liabilities;
- Potential for foreclosure – All financed real estate investments have potential for foreclosure;
- Illiquidity – These assets are commonly offered through private placement offerings and are illiquid securities. There is no secondary market for these investments.
- Reduction or Elimination of Monthly Cash Flow Distributions – Like any investment in real estate, if a property unexpectedly loses tenants or sustains substantial damage, there is potential for suspension of cash flow distributions;
- Impact of fees/expenses – Costs associated with the transaction may impact investors’ returns and may outweigh the tax benefits
- Stated tax benefits – Any stated tax benefits are not guaranteed and are subject to changes in the tax code. Speak to your tax professional prior to investing.
Opportunity Zone Disclosures
- Investing in opportunity zones is speculative. Opportunity zones are newly formed entities with no operating history. There is no assurance of investment return, property appreciation, or profits. The ability to resell the fund’s underlying investment properties or businesses is not guaranteed. Investing in opportunity zone funds may involve a higher level of risk than investing in other established real estate offerings.
- Long-term investment. Opportunity zone funds have illiquid underlying investments that may not be easy to sell and the return of capital and realization of gains, if any, from an investment will generally occur only upon the partial or complete disposition or refinancing of such investments.
- Limited secondary market for redemption. Although secondary markets may provide a liquidity option in limited circumstances, the amount you will receive typically is discounted to current valuations.
- Difficult valuation assessment. The portfolio holdings in opportunity zone funds may be difficult to value because financial markets or exchanges do not usually quote or trade the holdings. As such, market prices for most of a fund’s holdings will not be readily available.
- Capital call default consequences. Meeting capital calls to provide managers with the pledged capital is a contractual obligation of each investor. Failure to meet this requirement in a timely manner could elicit significant adverse consequences, including, without limitation, the forfeiture of your interest in the fund.
- Opportunity zone funds may use leverage in connection with certain investments or participate in investments with highly leveraged capital structures. Leverage involves a high degree of financial risk and may increase the exposure of such investments to factors such as rising interest rates, downturns in the economy or deterioration in the condition of the assets underlying such investments.
- Unregistered investment. As with other unregistered investments, the regulatory protections of the Investment Company Act of 1940 are not available with unregistered securities.
- It is possible, due to tax, regulatory, or investment decisions, that a fund, or its investors, are unable realize any tax benefits. You should evaluate the merits of the underlying investment and not solely invest in an opportunity zone fund for any potential tax advantage.
The above material cannot be altered, revised, and/or modified without the express written consent of Urban Catalyst.
