EB5 Capital’s Investment in The Coliseum/Uline Arena Project Repaid Early by Douglas Development
Washington, DC – EB5 Capital announced today its $18 million preferred equity investment in The Coliseum project (now known as Uline Arena) has been repaid in full by its developer, Douglas Development Corporation (DDC). DDC and EB5 Capital have now partnered on three EB-5 projects, and the Coliseum marks DDC’s second early repaid partnership to EB5 Capital.
“For our investors, the full repayment of an EB-5 investment by a developer is an important moment in the lifecycle of an EB-5 project,” said Brian Ostar, EB5 Capital’s Senior Vice President of Global Operations. “Clients place a great deal of trust in our due diligence process to select EB-5 projects capable of returning funds on time and we’re happy to have met that mark for our limited partners invested in the Coliseum.”
The Coliseum is now home to one of only five flagship REI retail stores across the United States. Additional office and retail space in the building is occupied by organizations such as Red Bear Brewery, Pact, Antunovich Associates, and Goodwill Industries International. The project has fully satisfied the EB-5 program requirements by creating more than enough qualifying jobs for 36 investors who are now looking forward to completing their immigration process.
“The Coliseum is the first of EB5 Capital’s six EB-5 projects in the NoMa neighborhood of Washington, DC, all within several short city blocks of one another,” said Juline Kaleyias, Director of Investor Relations. “Our commitment to redeveloping this area is a case study in how we think the EB-5 program is best put to use. We look forward to continuing our work in this region of our nation’s capital.”
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About EB5 Capital
EB5 Capital is a leader in the EB-5 immigrant investor industry, raising over $680 million in foreign capital from investors in more than 60 countries for investment in job-creating real estate projects across the United States. EB5 Capital owns and operates six USCIS-authorized Regional Centers that serve 15 states and the District of Columbia. With a portfolio of 26 projects, EB5 Capital maintains a 100% project approval rate from the USCIS. For more information, visit http://www.eb5capital.com.
EB5 Capital Announces Second Trip to Johannesburg to Share Updates to the EB-5 Immigrant Investor Program
Washington, DC – EB5 Capital announced today its scheduled travel to Johannesburg, between August 19 – August 23, to meet with individuals interested in investing in and immigrating to the United States.
“EB5 Capital is excited to visit Johannesburg for the second time this year,” said Gustavo Marchesini, EB5 Capital’s Investor Relations Manager, who will make the trip on behalf of the company. “EB5 Capital is proud to have served several investors from South Africa and we’re looking forward to connecting with those who are interested in learning more about the EB-5 program.”
The EB-5 program permits foreign nationals the opportunity to invest $500,000 in a new, job-creating project located in a high unemployment area. The investment opportunity must create at least 10 U.S. jobs. In exchange, the investor, their spouse, and unmarried children under the age of 21 can apply for residency, and eventually a U.S. green card.
EB5 Capital is a Washington, DC-based Regional Center that provides foreign investors with investment opportunities to obtain permanent residency through the United States’ EB-5 Immigrant Investor Program. The firm has served nearly 1,400 families across its more than 25 real estate investments.
“We recommend to anyone that has been considering an EB-5 investment to consider learning more about the program before the new regulations take effect on November 21, 2019, and the investment requirement increases,” said Marchesini. “Many South Africans are just becoming aware of the EB-5 program and we’re looking forward to helping interested parties understand the process clearly.”
For more information, please contact Juline Kaleyias.
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About EB5 Capital
EB5 Capital is a leader in the EB-5 immigrant investor industry, raising over $680 million in foreign capital from investors in more than 60 countries for investment in job-creating real estate projects across the United States. EB5 Capital owns and operates six USCIS-authorized Regional Centers that serve 15 states and the District of Columbia. With a portfolio of 26 projects, EB5 Capital maintains a 100% project approval rate from the USCIS. For more information, visit http://www.eb5capital.com.
South Africa’s Real Estate Investor Magazine Features EB5 Capital
The South African publication, Real Estate Investors magazine, features an article about EB5 Capital in their August/September 2019 issue.
EB5 Capital Schedules Travel Ahead of New Regulations
EB5 Capital’s team has intensified its summer travel schedule in response to the new EB-5 regulations.
Review our upcoming travel dates around the globe.
Reminder
We have full-time staff available for meetings in China, India, and Korea. To schedule a more immediate meeting, please email us at info@eb5capital.com.