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
Golden Gate Global Fund 8 & 9
Golden Gate Global Fund 8 & 9
Golden Gate Global Fund 8 & 9 EB-5 Projects involved construction of mixed-use development surrounding the Sacramento Kings' 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 opened its doors for the start of the 2016–2017 NBA season.
Project Components
Major Brand Hotel
Kimpton brand (InterContinental Group) · Full-service boutique hotel · 250 rooms with luxurious amenities
Office & Commercial Space
35,330 square feet of premier office space in the heart of Downtown Sacramento.
Prime Retail Space
255,420 square feet of retail · Small shops, restaurants, food court, fitness center, cinema · 45 luxury residential units with amenities
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, and is credited with digitizing Wall Street in the 1980s with his first company.
- NBA team based in Sacramento, California
- Ownership led by Vivek Ranadivé, founder of TIBCO Software
- Partnered with JMA Ventures to deliver the Golden 1 Center
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.
- Full-service real estate investment firm founded in 1986
- Managing partner of $800M+ in hospitality, retail, office, and residential projects
- Past work includes Ghirardelli Square redevelopment and Homewood Mountain Resort
- Developer of iconic Bay Area restaurants Waterbar and Epic Roasthouse
Project Funds
Fund 8 — Sacramento Kings I
250 investors · $125,000,000 raised · 7,770 jobs created
Fund 9 — Sacramento Kings II
50 investors · $25,000,000 raised · 2,692 jobs created
*All numbers shown above are as of the date of fund closing.
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