SAN JOSE, CA – Urban Catalyst, a multi-asset Opportunity Zone Fund, recently celebrated the launch of the company with an open house and ribbon-cutting ceremony at their new headquarters—99 Almaden Boulevard in San Jose. There were over 200 people in attendance and speakers at the event included Urban Catalyst President Erik Hayden, Urban Catalyst COO and SVP of Development Joshua Burroughs, District 10 Councilmember Johnny Khamis, District 4 Councilmember Lan Diep, City of San Jose Downtown Manager Blage Zelalich, and SVO Executive Vice President Madison Nguyen. Attendees were treated to fresh sushi, a live DJ and a photo booth, as well as tours of Urban Catalyst’s new office on the eighth floor—a modern space with open offices, a comfortable lounge and kitchen area, and sprawling views of downtown San Jose.
Launched in response to the Tax Cuts and Jobs Act legislation that created Opportunity Zones and Opportunity Funds, Urban Catalyst is made up of an experienced team of real estate and finance professionals familiar with Bay Area construction processes and asset management.
“We are thrilled to celebrate the launch of Urban Catalyst. Through this new legislation, we gained the ability to manifest a real and positive transformation in our own community,” says Hayden. “As a champion of downtown San Jose, my goal is to make an impact of one billion dollars, elevating an area I love into a vital and livable urban center.”
Strategic business partners in attendance included Janikke Klem, Vice President of Community & Government Relations at TECH CU; Jeff Arrillaga, Partner at Urban Community; Gary Dillabough, Partner at Navitas Capital; Martin Menne, President of MCM Diversified; Case Swenson, President of SWENSON; Matt Mahan, CEO of Brigade & Co-Chairman of Joint Venture Silicon Valley; Blair Volckmann, Partner at Harvest Properties; and Jason Reyes, President & CEO of CalSon Senior Living.
“This open house marks a major milestone for Urban Catalyst,” says Burroughs. “With the support of our amazing strategic partners, we are in position to execute strategies that strengthen and enhance the community while earning the highest returns for our investors.”
On track to raise $250M over the next year, Urban Catalyst has already invested in their first project in a local opportunity zone, development of a brand-new office and retail complex on South First Street in downtown San Jose at the previous site of the Lido night club. They have also donated to local organizations, forming lasting relations with Joint Venture Silicon Valley, SPUR, Rotary Club San Jose, PATH, SVO, Levitt Pavilion San Jose, Breakthrough Silicon Valley, History/San Jose, Children's Discovery Museum of San Jose, Guadalupe River Park Conservancy, Christmas in the Park, Second Harvest Food Bank, San Jose Downtown Association, Boy Scouts of America - Silicon Valley, San Jose University, Loaves and Fishes, Recovery Café, Children's musical Theater, Boys & Girls Club of Silicon Valley, and Downtown Street Team.
About Urban Catalyst
Based in San Jose, Urban Catalyst is the first multi-asset Opportunity Zone Fund in the Bay Area focusing on downtown San Jose and downtown Oakland. Employing a world-class team of experienced local professionals to build out impact investment opportunities—multi-family, office, and industrial investment projects—Urban Catalyst is focused on advancing and improving the community while earning investors advantageous financial returns. Learn more at https://www.urbancatalyst.com/.