SAN JOSE, Calif., March 28, 2019 /PRNewswire/ — Urban Catalyst, a multi-asset Opportunity Fund, announced that Joshua Burroughs has assumed the position of COO/SVP of Development. Burroughs is a real estate professional with experience supervising and directing all aspects of land acquisition, entitlements, forward planning, and land development including project underwriting, design, construction, relationship management, partnership/joint venture formations, debt and equity placement, management of consultants, and project/asset disposition. He has acquired and entitled over 5M square feet of product in Northern California, including over 1,500 residential units in Opportunity Zones.
“I’m excited to join the Urban Catalyst team as we launch the Bay Area’s first multi-asset opportunity zone fund targeting Downtown San Jose and West Oakland,” says Burroughs. “I look forward to leveraging our investments to create true economic and community impact in these emerging city districts.”
In his new role, Burroughs will be managing Urban Catalyst’s acquisitions, forward planning & development teams, lead equity & debt placement, partnership/joint venture formations, and project/asset dispositions. He will also oversee company operations by managing third-party consultants and investor relations/communications teams. Working alongside Erik Hayden, president of Urban Catalyst, Burroughs will help facilitate investment prospects in real estate infrastructure that affect the community in a positive way.
“I look forward to working with Josh in his new position as COO/SVP of Development,” says Hayden. “The company is positioned for major growth this year and I expect him to play a key role in the success of Urban Catalyst as we deliver on our long-term financial and strategic objectives.”
Launched in 2018, Urban Catalyst assembled an experienced team that understands the unique processes, entitlement hurdles, and timing horizons for development in the Bay Area. Utilizing strong relationships with city constituents and decision makers, they are exceptionally qualified to maneuver the development process and are on track to raise $250M over the next year.
About Urban Catalyst
Based in San Jose, Urban Catalyst is the first multi-asset Opportunity 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/.
SOURCE Urban Catalyst