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Started in 2008 to invest in San Francisco multifamily properties, Urban Green has evolved to sponsor best-in-class developers and operators across multiple asset types throughout the country.

 

Urban Green acts as both a co-General Partner and a primary sponsor, offering investors diversification across operator, location, and asset type.

OPPORTUNISTIC INVESTMENTS SINCE 2008

ABOUT

 
ESTABLISHED

Urban Green was established in 2008 as a partnership for investors seeking urban real estate investments in San Francisco. Since then the company has grown substantially, having acquired projects comprised of over 4,200 units, approximately 3,800 planned/entitled units, and 1.8MM square feet of commercial space in markets throughout the United States.

VERTICALLY 
INTEGRATED

The company has advanced competency with in-house underwriting, financing, development, asset management, accounting, and

investor reporting capabilities.

INVESTMENT
STRATEGY

Urban Green provides capital, market expertise, and asset management to a core group of best-in-class sponsors. Each investment offering comes with strong principal co-investment of approximately 20%. 

INVESTORS

Beneficial co-GP relationships are able to achieve returns in excess of typical LP investments by disproportionately sharing the profits.

TEAM

 

80%

Of Investors

Reinvest with

Urban Green

49

Current

Investments

109

Total

Investments

14

General

Partners

David McCloskey, CEO

 

19 Years of Experience

 

University of St. Andrews (Scotland)

Managing Director of Cornerstone Holdings

 

Commercial Jet Pilot

Licensed CA Broker

CHIEF EXECUTIVE OFFICER

David McCloskey

CHIEF EXECUTIVE OFFICER

David McCloskey

Barrett Elmer, CIO

 

16 Years of Experience

University of North Carolina Chapel Hill

Jones Lang LaSalle;

Laramar Group;

Reliant Group

Licensed CA Broker

Barrett Elmer

CHIEF INVESTMENT OFFICER

Amy Lin, CFO

 

20 Years of Experience

San Francisco State

Lynch Investments

Licensed CA Broker

CHIEF FINANCIALOFFICER

Amy Lin

Jasmine Nazari, COO

 

7 Years of Experience

University of California, Davis, M.S. 

CFA Candidate​

Licensed CA Broker

Jasmine Nazari

CHIEF OPERATIONS OFFICER

John Warner, CTO

 

22 Years of Experience

University of California, San Diego

Lynch ​

Investments

Licensed CA Broker

CHIEF TRANSACTION
OFFICER

John Warner

Co-GP

As a developer and sponsor of its own projects in addition to that of its partners, Urban Green recognizes the value that each General Partner (GP) brings to any particular joint venture (JV). GP’s earn a greater share of profits than just their pro-rata equity participation. The share of the profits that GPs earn for their work is commonly referred to as “promote” or “carried interest”. For instance, while GPs may only invest 10% of the equity in a transaction, they will likely earn greater than 10% of the profits. Investing with Urban Green in the Co-GP portion of the capital stack allows investors to potentially out-earn the larger capital source of the investment.

Why Co-GP?
GP Solutions

Urban Green Investments is a highly entrepreneurial real estate company that invests alongside its partners and provides practical solutions for real estate operators and developers. Urban Green has an experienced team capable of providing acquisition, asset management, accounting and investor relation expertise in addition to credit enhancement.  The company seeks partners capable of producing compelling deal flow. Urban Green has tremendous flexibility in location, asset class and size of the investments it undertakes. With a proven track record, distinguished leadership team and ability to navigate through market cycles, Urban Green is an opportunistic, resilient, high-integrity and knowledgeable capital partner.

 

RECENTLY

RECENT NEWS

ACQUIRING 252-UNIT
PROPERTY IN SIERRA VISTA, AZ

OCTOBER 2020

ACQUIRED 90-UNIT
PROPERTY IN SIERRA VISTA, AZ

SEPTEMBER 2020

ACQUIRED 312-UNIT
PROPERTY IN TUCSON, AZ

SEPTEMBER 2020

 REALIZED INDUSTRIAL
PROPERTY IN ALAMEDA, CA

MARCH 2019

ACQUIRED SENIOR HOUSING
PROPERTY IN GRAND JUNCTION, CO

DECEMBER 2019

ACQUIRED 324-UNIT
PROPERTY IN LAS VEGAS, NV

SEPTEMBER 2019

MARCH 2020

SOLD MULTI-FAMILY 
PORTFOLIO IN BOSTON, MA

OCTOBER 2019

RECAPITALIZED 97-UNIT
PROPERTY NEAR CHICAGO, IL

MAY 2019

ACQUIRED 19-STORY OFFICE
BUILDING NEAR DENVER, CO

MARCH 2019

ACQUIRED 3 LAND DEVELOPMENT
PROJECTS ACROSS CALIFORNIA

JULY 2018

PORTFOLIO

 

Recently Available Investments

Active Investments

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Cash Flowing Multi-Family

Arizona

  • Property Type

  • Targeted Net IRR

  • Targeted Net Multiple

  • Targeted Hold Period

  • Targeted LTV

  • Equity Available

....................Muli-Family

...Available Upon Request​

...Available Upon Request

...Available Upon Request

...Available Upon Request

................................$0

Apartment Building

Senior Living

Colorado

  • Property Type

  • Targeted Net IRR

  • Targeted Net Multiple

  • Targeted Hold Period

  • Targeted LTV

  • Equity Available

...............Senior Ho​using

...Available Upon Request​

...Available Upon Request

...Available Upon Request

...Available Upon Request

.................................$0

Apartment Building

Cash Flowing

Multi-Family

Arizona

  • Property Type

  • Targeted Net IRR

  • Targeted Net Multiple

  • Targeted Hold Period

  • Targeted LTV

  • Equity Available

....................Multi-Family​

...Available Upon Request​

...Available Upon Request

...Available Upon Request

...Available Upon Request

................................$0

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Multi-Tenant

Colorado

  • Property Type

  • Targeted Returns

............................ Office​

....Available Upon Request

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Senior Living

California

  • Property Type

  • Targeted Returns

..................Memory Care

....Available Upon Request

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Single-Family Homes

California

  • Property Type

  • Targeted Returns

..........Land Development​

...Available Upon Request

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440-Units

Texas

  • Property Type

  • Targeted Returns

.................. Multi-Family​

...Available Upon Request

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Industrial

California

  • Property Type

  • Targeted Returns

.......................Industrial

...Available Upon Request

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Portfolio

Massachusetts

  • Property Type

  • Targeted Returns

...................Multi-Family​

...Available Upon Request

Realized Investments

Realized Investments

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Multi-Tenant

California

  • Property Type

  • Realized Net IRR

  • Realized Net Multiple

  • Realized Hold Period

........................... Office​

............Above Pro Forma​

............Above Pro Forma​

...Shorter Than Pro Forma​

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Multi-Family

Oregon

  • Property Type

  • Realized Net IRR

  • Realized Net Multiple

  • Realized Hold Period

..........Land Development

............Above Pro Forma​

............Above Pro Forma​

..Shorter Than Pro Forma​

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Industrial

California

  • Property Type

  • Realized Net IRR

  • Realized Net Multiple

  • Realized Hold Period

......................Industrial​

...........Above Pro Forma​

...........Above Pro Forma

..Shorter Than Pro Forma

 

NEWS

Urban Green and its partners successfully leased a vacant senior housing property acquired in December 2019 to the state of Colorado as an alternative care facility location to help the Colorado health care system to handle a potential surge in COVID-19 cases.

Link to article here. 

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Urban Green and its partners began the business plan for creating their first joint assisted living and memory care facility together in Santa Monica, CA. Construction on the project finished in November 2017. Link to article here. 

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Since 2014, Urban Green Investments has successfully worked closely with Juniper Square, a modern, all-in-one investment management system designed specifically for real estate. It has been one of the most impactful software implementations for Urban Green. Please click this link to read more about Urban Green’s experience with Juniper Square.

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Urban Green partnered with an adept co-GP partner and acquired a 19-story office building in Glendale, CO.

The property is being repositioned to maximize occupancy and increase tenant retention. 

Link to article here. 

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Grand Junction, CO
Santa Monica, CA
Juniper Square
Denver, CO

Implementing DealPath has created a single source of truth for all deals, allowing for better meeting preparation, insightful and beautifully formatted reports and centralized tracking of key timelines. 

 

Click here to learn more.

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Urban Green Investments was an early adopter of online commercial real estate fundraising and quickly recognized it as a way to grow their investor base. Urban Green and CrowdStreet have successfully worked together on three equity raises. 

Click here to learn more.

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Urban Green entered into a partnership to construct 44 single family homes in Palm Springs, CA. Our partners have been nationally recognized for their excellent work in the single-family home space and Urban Green is thrilled to be able to collaborate with them as best-in-class Sponsors.

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Urban Green Investments formed a joint venture with our partners to acquire and redevelop properties within the former Alameda Naval base. The project was recognized with the 2018 Architectural Preservation Award for the adaptive reuse of Building 91, located at Alameda Point.  Link here

DealPath
CrowdStreet
Palm Springs, CA
Alameda, CA

Since 2016 Urban Green and our partners have acquired 19 multifamily properties together. The business plan varies for each building but includes repositioning properties to their highest potential. Our prolific partnership has been indicative of the advantage that a healthy co-GP relationship can provide investors and Sponsors alike.

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Urban Green Principals have gladly been involved with and have supported the following organizations recently:

Squash Drive

Oxfam America

Amigos de las Americas

Mother Miracle

Food Shift

Urban Green team members look forward to continuing a strong legacy of giving back.

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Boston, MA
Non-Profits

Urban Green sold a 52 unit apartment complex in June 2018 in a unique off-market sale to the City of Portland,  who will convert the property to affordable housing. We are pleased to share that this sale resulted in an IRR more than double the original projection, with a hold period of just 20 months. Link to article here.

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Urban Green participated in sponsoring an event for the Glasswing International which works in El Salvador, Honduras, and Guatemala to improve the fabric of social welfare systems serving children and families. Urban Green is happy to sponsor and support worthy causes that build up communities and educate children.

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Glasswing International

Urban Green in partnership with Olympus Property acquired a 440 unit apartment tower in the heart of downtown Dallas, called Mosaic. The business plan is to improve operations, by revamping the common areas and amenities.

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Dallas, TX
Portland, OR

CONTACT

CONTACT

TESTIMONIALS

“Urban Green has been our trusted investment partner for the past ten years. Why do we invest with them? They are nimble and able to opportunistically invest across a variety of real estate types. This provides us with diversified set of investment options. They have consistently identified off-market opportunities which has allowed for an attractive entry point. Most importantly, they invest a significant part of their own capital in every deal.” 

Tom A. - Investor Since 2010

“ I have been investing with Urban Green for almost nine years and in numerous real estate limited partnerships. Each time, I have been impressed by the team’s continual attention to detail in structuring each investment, consistent ability to execute upon their business plan, and success in delivering returns on each investment that have mostly far exceeded what was anticipated. In a world of volatile investments, it is a pleasure to work with the professionals at Urban Green. I intend to keep investing with Urban Green for a long time to come.” 

Peter O. - Investor Since 2011

“I am a real estate attorney with 33 years of practice experience, and have invested in more than 60 real estate syndications with seven different firms over the past 26 years. Based on that background, I feel qualified to compare my experience with UGI to my experience with other syndication firms I have invested in, as well as to the broad range of real estate investment opportunities I have evaluated for my clients. That comparison comes out very favorably for UGI. I have now invested in many of their offerings, ranging from low-risk apartment “purchase/hold” to higher risk land development, and I have been uniformly impressed by their ability to distinguish good opportunities from bad ones, their due diligence, and their project management. Because I have been with UGI since the beginning, I have also had an opportunity to observe how their client reporting and communications protocols have evolved, and believe they are now among the best in the industry. I would encourage anyone reading this to consider adding one or more UGI offering to their real estate portfolio.”

David S. - Investor Since 2012

“Urban Green has proven to be a best-in-class Partner for the real estate portion of my alternative investment portfolio. More than anything, knowing that my capital is treated on a pari passu basis with the Sponsor and its employees is a necessary qualifier for me when making a passive investment. I have reviewed the sophisticated financial models and independent valuation opinions that go into their own due diligence and appreciate that they turn down opportunities that don't meet their own rate of return requirements. The opportunities they have presented are diversified in structure, location and type of property. Finally, Urban Green's team has set the standard for transparency, responsiveness and quarterly reporting that is now obligatory for me in any real estate partnership.”

Mark B. - Investor Since 2012