Catalyst Opportunity Funds Celebrates the Delivery of The Eden, a 235-unit, mixed-income Multifamily Development in the Heart of Los Angeles

Los Angeles, CA – December 12, 2024 – Catalyst Opportunity Funds (Catalyst), a private equity firm committed to creating new affordable and workforce housing across the United States, and Bridger Land Group (“BLG”), proudly announce the grand opening of The Eden, a 235-unit multifamily community in downtown Los Angeles.

Los Angeles struggles with both high cost-of-living and a shortage of affordable housing options, marking the delivery of these units particularly meaningful. A quarter of the Eden’s units are deed restricted for affordability, with rental prices attainable to workforce-income households as defined by the county’s Department of Regional Planning’s Affordable Housing Program. This also includes 5% of units that are deed restricted as deeply affordable, which creates and maintains long-term affordability in the heart of downtown.

As an impact-focused investment firm, Catalyst is committed to maximizing the Eden’s affordability profile above and beyond deed restriction. As such, the firm has priced the majority of units affordably to those of moderate income in Los Angeles.1 As Catalyst Managing Partner, Kristian Peterson, explains, “we believe in mixed-income neighborhoods and their capacity for fostering thriving communities.” The Eden will also feature 8,800 square feet of commercial space, enhancing the neighborhood’s vibrant ecosystem and providing economic opportunities for local businesses. The project’s design also integrates sustainable, energy-efficient systems, reinforcing Catalyst’s commitment to environmentally responsible development.

The Eden is a testament to the successful partnership between Catalyst and BLG. Over the years, the two organizations have collaborated on three transformative projects, investing nearly $200 million to bring impactful developments to underserved markets.

About Catalyst:

Catalyst is a double bottom-line private equity firm focused on transformative real estate investments in high potential, but historically underserved U.S. markets. With over $1b worth of total real estate across the US, Catalyst invests in impactful, market-rate return oriented development projects led by community-driven, diverse developers, with a primary focus on workforce affordable housing. In addition to providing new, affordable housing units, Catalyst works to facilitate an influx of community services tailored to the needs of each investment community, including preventative healthcare, workforce training and healthy, nutritious food. Institutional investment expertise, relationships with qualified sponsors in high-growth secondary markets, as well as significant experience in the structuring of creative capital stacks give Catalyst a competitive advantage in delivering long-term value creation to investors, as well as positive outcomes within communities.

Media Contact: Julianna Scionti / 385.317.7255 / julianna@catalystimpact.com