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US Capital Partners Advises New Cities on $110MM Mixed-Use Real Estate Development

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New Cities

private financial group supports ‘Maple & Main Project’ in California’s flourishing San Francisco Bay Area.

SAN FRANCISCO, SEPTEMBER 2017 – US Capital Partners Inc. has been engaged as the exclusive advisor to New Cities Investment Partners, LLC for the capital formation for a $110 million mixed-use real estate development named the ‘Maple & Main Project’ in Hayward, located in California’s flourishing San Francisco Bay Area.

Headquartered in San Francisco, US Capital Partners is a full-service private financial group committed to impact investing. The firm focuses on providing small and lower middle market businesses and investors with sophisticated debt, equity, and investment opportunities usually available only to larger middle market companies and institutional investors.

The Maple & Main Project has been unanimously approved by the Hayward City Council and is expected to be a catalyst for downtown revitalization. The project is located at Main, Maple & A Street on a 3.9 acre site four blocks from the BART, and consists of 240 market-rate and affordable apartments and 5,571 square feet of retail space designed using eco-friendly and socially responsible principles.

New Cities

Lee Newell, CEO at New Cities, commented: “We approached US Capital Partners to support us with capital formation for this landmark project. We are extremely pleased with the team and look forward to meeting strategic investors and other potential partners.”

“We are delighted to be involved in this project, which is so close to home for us,” said Jeffrey Sweeney, Chairman and CEO at US Capital Partners. “The development comes at a good time as the area has benefited substantially from  San Francisco and Silicon Valley’s prosperity. Just down the road from this site, residents will find high-profile employers such as Tesla Motors, Seagate Technology, and Amazon. The opportunity to participate in this fund is now open to eligible investors.”

About New Cities Land Company, Inc.

New Cities Land Company, Inc. (“New Cities”) is a privately held corporation based in Walnut Creek, California, and formed in 1984. New Cities is active in land use entitlements, multifamily residential developments, and commercial investment-grade properties in Northern and Central California. New Cities controls New Cities Investment Partners, LLC and Bay Area Property Developers, LLC. These entities are focused on the acquisition, entitlement, and development of urban infill apartment sites in the greater San Francisco Bay Area, Sacramento, and the Inland Empire.

About US Capital Partners

Since 1998, US Capital Partners Inc. has been committed to providing small and lower middle market businesses and investors with sophisticated debt, equity, and investment opportunities usually available only to larger middle market companies and institutional investors. The firm manages direct investment funds and provides wealth management and M&A services. Operating with its registered broker dealer affiliate, US Capital Global Securities, LLC, the firm acts as a licensed placement agent, and collaborates closely with its peers in professional banking and investment advisory.

To learn more, email Jeffrey Sweeney, Chairman and CEO, at jsweeney@uscapitalpartners.net or call (415) 889-1010.

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2 Comments

Paul Barnes
Rated: 5 Stars

I'd like to know more about this fund. I can seriously see the benefits based on the location.

Rebecca Rees
Rated: 4 Stars

I've heard about the New Cities development before. Affordable housing in the area is really needed. Jobs in the area are growing considerably.

Comments are now closed for this article.

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