At Urban Catalyst, we are incredibly humbled and honored to have been named Developer of the Year by the Silicon Valley Business Journal (SVBJ). Past recipients of this prestigious award include giants of our industry—developers like Jay Paul, Google, Hunter/Storm, Sobrato, and Sares Regis. For us, this recognition means so much more than a title; it reflects the hard work, passion, and commitment we’ve poured into transforming downtown San Jose into a vibrant, thriving urban center.
Founded in 2018 with just 20 employees, Urban Catalyst has always considered itself a "homegrown development company." In an industry often dominated by large institutional firms, billionaires, and publicly traded companies, we take immense pride in being a smaller, nimble firm capable of executing large-scale projects with a community-driven approach. As our founder, Erik Hayden, often says, "We’re not the general contractor or the architect, but we are the ones who bring it all together."
Our guiding principle has always been to develop projects that meet the needs of the community while also generating positive returns for our investors. We raise our own private equity funds, giving smaller investors an opportunity to invest in institutional-quality developments. This award is especially meaningful because it highlights the success of this unique approach. We're more than just developers—we are fund managers and community builders.
Currently, we have $1.5 billion in development projects in the pipeline, with eight projects in downtown San Jose, including housing, office, and hotel developments. Each of these projects, like our Icon and Echo housing developments, reflects our commitment to transit-oriented, sustainable development. Icon and Echo will add over 1,000 residential units to the heart of San Jose, strategically designed to serve the growing demand for housing while contributing to the city's urban landscape.
We are also proud to share that our Keystone Marriott TownePlace Suites was honored with the SVBJ’s Structure Award for Best Hospitality Project. This recognition further solidifies our dedication to excellence in all sectors of real estate, including hospitality, and demonstrates our ability to deliver award-winning projects that meet the evolving needs of San Jose’s urban core.
Receiving these awards during a time of uncertainty in the real estate market is especially poignant for us. As Erik Hayden has noted, the current economic environment presents challenges, from rising interest rates to delays in project starts. However, our team remains resilient, committed to pushing forward and capitalizing on opportunities, like lower construction costs, as they arise.
These recognitions reinforce our belief that smaller developers like Urban Catalyst can make a significant impact on their communities. We look forward to continuing our work in downtown San Jose, confident that we can help shape the future of this great city. Thank you to our partners, investors, and the community for believing in us—we couldn’t be prouder to accept these awards.
Contact us to be a part of the transformation of downtown San Jose.
Important Disclosures
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.
