California + Bay Area + Finance | August 21, 2023

Urban Catalyst Launches Fund for San Jose Multifamily Project

Urban Catalyst, a real estate fund manager and developer based in San Jose, has launched a new fund, UC Multifamily Equity I LLC (UCME). The fund focuses on the development of a 272-unit luxury apartment building named Aquino, within walking distance of downtown San Jose’s western edge.

Fully entitled and approved, Aquino will rise next to the site of Google’s planned Downtown West campus and within walking distance of the SAP Center and Diridon Station, one of the West Coast’s busiest transit hubs. It will include studio, one-, two- and three-bedroom units with stainless steel appliances, quartz countertops, electric ranges and air conditioning.

Urban Catalyst has structured UCME as a real estate operating company, allowing it to accept funding from qualified retirement accounts such as IRAs and 401(k) plans. The San Jose metro area’s multifamily development pipeline is smaller than those of 18 major U.S. metros, according to CBRE.

Connect Orange County will take place Sept. 27, 2023 at VEA | Newport Beach Marriott in Newport Beach, concurrently with Connect Healthcare Real Estate on Sept. 27 and 28. Click here to register for Connect Orange County, and here to register for Connect Healthcare Real Estate.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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