Golden Gate Global Fund 8 & 9

Golden Gate Global Fund 8 & 9

Golden Gate Global Fund 8 & 9 EB-5 Projects involves construction of mixed-use development surrounding Sacramento King’s Arena.

Project Summary

  • Investors: 300
  • Amount Raised: $150,000,000
  • Job Creation: 10,462

*All numbers shown above are as of the date of fund closing.

Project Description
The Sacramento Kings, the oldest NBA team in the country, partnered with JMA Ventures in building the nation’s premier NBA sports and entertainment center – the Golden 1 Center and its surrounding development, Downtown Commons. The Golden 1 Center entertainment sports complex will be an internationally iconic destination for world-class basketball, luxury retail, tech-forward office space, and luxury hospitality (InterContinental Group), and residences.

The project has been fully operational since 2016, when the Golden 1 Center opens its doors for the start of the 2016-2017 NBA season.

Project Components
State-of-the-Art Arena:

  • 732,000 square feet, 17,500-person capacity
  • 200 events per year with 43+ NBA games
  • 2,500+ parking spaces

Major Brand Hotel:

  • Kimpton brand (InterContinental Group)
  • Full-service boutique hotel
  • 250 rooms, luxurious amenities

Office/Commercial Space:

  • 35.330 square feet of premier office space

Prime Retail Space:

  • 255,420 square feet of retail space
  • Small shops, restaurants, food court, fitness center, cinema
  • Luxurious 45 units with amenities
Project Partners

Sacramento Kings

The Sacramento Kings are a professional NBA basketball team based in the capital city of California.

The Kings’ ownership group is led by Vivek Ranadivé, an entrepreneur, technology visionary, author, philanthropist, and successful sports team owner widely recognized for his out-of-the-box thinking. Ranadivé is the founder of TIBCO Software, Inc., a multi-million dollar real time computing company. Ranadive is credited with digitizing Wall Street in the 1980s with his first company.

Golden Gate Global High Unemployment TEA Project 4

 

JMA Ventures

A full-service real estate investment firm, serving as managing partner of over $800 million in existing projects spanning hospitality, leisure, residential developments, retail, office and industrial/ telecom.

Founded in 1986, the San Francisco-based company has focused on delivering risk-adjusted returns to its investors while providing quality products and improving the communities and environments in which it conducts business.

Past JMA projects have included the redevelopment of San Francisco’s iconic Ghirardelli Square, the transformation of Homewood Mountain Resort into Lake Tahoe’s premier recreational destination, and the development of iconic Bay Area restaurants Waterbar and Epic Roasthouse.

Golden Gate Global High Unemployment TEA Project 5

Project Funds

Fund 8 (Sacramento Kings I)

Investors: 250
Amount Raised: $125,000,000
Job Creation: 7,770

Fund 9 (Sacramento Kings II)

Investors: 50
Amount Raised: $25,000,000
Job Creation: 2,692

*All numbers shown above are as of the date of fund closing.