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
54
Current
Investments
109
Total
Investments
16
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
Barrett Elmer, CIO
16 Years of Experience
University of North Carolina Chapel Hill
Jones Lang LaSalle;
Laramar Group;
Reliant Group
Licensed CA Broker
CHIEF INVESTMENT OFFICER
Barrett Elmer
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
CHIEF OPERATING OFFICER
Jasmine Nazari
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
ACQUIRED HIGH RISE OFFICE
DENVER, CA
DEC 2023
ACQUIRED EXCLUSIVE 252-ROOM HOTEL
MARIN COUNTY, CA
MAY 2023
SECURED INFRASTRUCTURE PARTNERSHIP
NEW YORK, NEW YORK
JUNE 2022
ACQUIRED PRIZED OFFICE BUILDING
SAN FRANCISCO, CA
OCTOBER 2021
ACQUIRED DISTRESSED DATA CENTER
BATON ROUGE, LA
NOVEMBER 2020
SOLD DATA CENTER
LOS ANGELES, CA
SEPTEMBER 2023
SOLD 248-UNIT MULTI-FAMILY
LAS VEGAS, NV
JULY 2022
SOLD 252-UNIT MULTI-FAMILY
SIERRA VISTA, AZ
JUNE 2022
SOLD 1130-UNIT MULTI-FAMILY PORTFOLIO
TEXAS, TENNESSEE, NEW MEXICO
SEPTEMBER 2019
SOLD 19-STORY OFFICE BUILDING
GLENDALE, CO
MARCH 2021
PORTFOLIO
Recently Available Investments
Active Investments
Exclusive Value-Add
Hotel
Northern California
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Property Type
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Targeted Net IRR
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Targeted Net Multiple
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Targeted Hold Period
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Targeted LTV
-
Equity Available
.............................Hotel
...Available Upon Request
...Available Upon Request
...Available Upon Request
...Available Upon Request
...Available Upon Request
Five Property Development Portfolio
Mid-West
-
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
...Available Upon Request
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Realized Investments
Realized Investments
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.
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.
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.
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.
Grand Junction, CO
Santa Monica, CA
Juniper Square
Denver, CO
Implementing DealCloud 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.
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.
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.
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.
DealCloud
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.
Urban Green Principals have gladly been involved with and have supported the following organizations recently:
Urban Green team members look forward to continuing a strong legacy of giving back.
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.
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.
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.
Dallas, TX
Portland, OR
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