EB5 Capital Celebrates Ribbon-Cutting for Rivergate (JF28)
WASHINGTON, Jan. 25, 2023 (GLOBE NEWSWIRE) — Today, members of the EB5 Capital team joined developer IDI Group Companies and PTM Partners in celebrating the ribbon-cutting ceremony of Rivergate, also known as Viridium, EB5 Capital’s JF28 project located in Woodbridge, Virginia.
Read the full press release here
Rooftop Bar at NYC Ritz-Carlton (JF22) Ranked Among World’s Most Beautiful Rooftop Bars and Restaurants
Architectural Digest: The World’s 15 Most Beautiful Rooftop Bars and Restaurants
Opened in 2022, Nubeluz is the newest offering from renowned chef and humanitarian José Andrés. Situated on the 50th floor of the Ritz-Carlton, this space takes its name from the Spanish words for cloud (“nube”) and light (“luz”). With gorgeous 270-degree views of the New York cityscape, it’s an appropriate portmanteau. The venue was designed by Uruguayan architect Rafael Viñoly, and interiors are by Martin Brudnizki Design Studio. Its backlit jeweled-tone bar has seating for more than 130 people, with more space on two additional terraces. Nubeluz also offers a menu of haute-cuisine small bites, including oysters, foie gras, smoked salmon and jamón ibérico from Andrés’s native Spain.
EB5 Capital Seeks Senior Associate, Asset Surveillance
EB5 Capital is an industry-leading investment company that specializes in raising foreign capital for real estate development projects across the United States. We offer a small, entrepreneurial environment that is mission-oriented and results-driven. We have investors from over 70 countries and employ a diverse team. If you are talented, ambitious, enthusiastic, and want the opportunity to directly impact a growing company with an international platform, then we may have your next opportunity.
Job Summary
We are seeking an ambitious, well-rounded real estate asset surveillance/management professional to join our dynamic growing group. This position is responsible for providing investment servicing and asset surveillance for the company’s portfolio of 20+ commercial real estate assets with a focus on the hospitality and multifamily sectors. Independence and teamwork are both highly valued. He or she will report to a manager and work closely with the whole Investments & Asset Surveillance team, as well as with team members in other departments.
Top candidates will be highly motivated and well-organized problem solvers. They will be process-oriented and possess the focus to maintain structure in a fast-paced environment. A keen eye for detail, a commitment to quality and consistency, and excellent communication skills are paramount.
To apply, please send your resume and cover letter to Cassie Spencer at cspencer@eb5capital.com.
EB5 Capital Seeks Office Coordinator
Founded in 2008, EB5 Capital is an industry-leading investment company that specializes in raising foreign capital for real estate development projects across the United States. We partner with investors and developers to facilitate capital investment in exciting projects that help revitalize communities, create jobs, and ensure successful immigration to the United States through the EB-5 visa program. Located in Bethesda, MD, we offer an internationally diverse, entrepreneurial work atmosphere that is values-driven and employee-focused. Our growing team speaks 15 languages and has traveled to nearly 100 countries. We believe our collective diversity and cultural experience enhance our competitive advantage when serving our investors from more than 70 countries.
Job Summary
We are seeking an ambitious, well-rounded, team-focused professional to join our dynamic growing group. This position will be responsible for the office environment, managing office phones and correspondence and assisting with key IT functions, as well as other administrative tasks. Independence and teamwork are both required. They will be part of the Operations & Compliance team, reporting to the Office Manager, and work closely with the whole EB5 Capital team.
Top candidates will be highly motivated and well-organized problem solvers. They will be process-oriented and possess the focus to maintain structure in a fast-paced environment. A keen eye for detail, a commitment to quality and consistency, and excellent communication skills are paramount.
To apply, please send your resume and cover letter to Cassie Spencer at cspencer@eb5capital.com.
EB5 Capital Seeks Associate, Operations & Compliance
Founded in 2008, EB5 Capital is an industry-leading investment company that specializes in raising foreign capital for real estate development projects across the United States. We partner with investors and developers to facilitate capital investment in exciting projects that help revitalize communities, create jobs, and ensure successful immigration to the United States through the EB-5 visa program. Located in Bethesda, MD, we offer an internationally diverse, entrepreneurial work atmosphere that is values-driven and employee-focused. Our growing team speaks 15 languages and has traveled to nearly 100 countries. We believe our collective diversity and cultural experience enhance our competitive advantage when serving our investors from more than 70 countries.
Job Summary
We are seeking an ambitious, well-rounded, team-focused professional to join our dynamic growing group as Associate of Operations & Compliance. This position will be responsible for providing legal and administrative support within the Operations & Compliance Department with respect to different aspects related the company’s business.
To apply, please send your resume and cover letter to Cassie Spencer at cspencer@eb5capital.com.
EB5 Capital Featured in EB-5 Trade Association Business Journal October Edition
Invest in the USA’s Regional Center Business Journal (RCBJ) is the EB-5 Industry’s premier publication featuring the latest legislative updates, industry trends, quantitative analyses of program statistics and international markets.
EB5 Capital has three articles featured in the journal’s October edition:
- EB-5 Origins: Meet Brian Ostar, President of EB5 Capital (pg. 21-22)
- EB-5 Mission: Still Possible – Notable Trends in the EB-5 Market for Russian Investors (pg. 23, 25-26)
- Understanding Audits and Fund Administration under the Reform and Integrity Act (pg. 27, 29-30)
As EB-5 Financing Returns, When Should Hotel Developers Use It? EB5 Capital CEO & Founder, Angel Brunner, Explains EB-5 Program at 2022 Lodging Conference
“PHOENIX — After years of being completely dormant, the federal EB-5 Immigrant Investor Program is back with new funding that opens up a new path to relatively low-cost financing for commercial real estate developers.
Speaking during the “EB-5 Is Back! What Does That Mean for Hotel Developers?” panel at the 2022 Lodging Conference, Jim Butler, chairman of JMBM Global Hospitality Group, said EB-5 is almost universally a better financing mechanism for projects compared to traditional debt, assuming there is a high level of certainty they’ll be completed.”
Read the full article here
EB5 Capital Announces Two New EB-5 Projects
EB5 Capital is pleased to announce two new offerings after the passing of the EB-5 Reform and Integrity Act of 2022.
“We’re excited to be back in the market traveling and meeting with prospective investors and partners from different corners of the globe,” said EB5 Capital Founder & CEO, Angel Brunner. “Between the Covid-19 pandemic and a brief expiration of the EB-5 Regional Center Program last year, our team is thrilled to be on the road again.”
Read the full press release here
The Impact of the RIA on the EB-5 Industry
The EB-5 Reform and Integrity Act of 2022 (“RIA”), was signed into law on March 15, 2022, and was set to reauthorize the regional center program. However, the USCIS deauthorized previously-approved EB-5 Regional Centers, requiring them to refile for redesignation.
A settlement agreement was filed between the United States Citizenship and Immigration Services and several top EB-5 regional center operators and Invest in the USA. The settlement, which affects two cases, has finally put the EB-5 program back on track reauthorizing previously approved regional centers and safeguarding EB-5 investors.
“The settlement provides very specific guidance to previously authorized regional centers on the path forward in terms of what is expected of them to come into compliance with the RIA,” says Lulu Gordon, Senior Vice President & General Counsel, EB5 Capital.
Read the full article in EB5 Investors Magazine here
Joint Settlement
EB–5 INDUSTRY LEADERS AND USCIS AGREE TO A JOINT SETTLEMENT – WHAT INVESTORS NEED TO KNOW
Multiple EB-5 industry stakeholders entered into a settlement agreement with the United States Citizenship and Immigration Services (“USCIS”) that protects EB-5 investors and re-authorizes previously approved Regional Centers, effectively signaling the EB-5 program is fully back in business.
The settlement affects two cases: Behring Regional Center LLC, et al. v. Mayorkas, et al., No. 3:22-cv-2487-VC (N.D. Cal.) and EB5 Capital, et al. v. DHS, et al., No. 3:22-cv-3948-VC (N.D. Cal.). The plaintiffs include EB-5 Regional Center operators: EB5 Capital, CanAm Enterprises, Civitas Capital Group, Golden Gate Global, Pine State Regional Center, and EB-5IC’s member – Behring Regional Center, and industry organization Invest in the USA (“IIUSA”).
What does this settlement mean to prospective EB-5 investors moving forward? What is the background of the settlement and how did the industry get to this point?
Why did Regional Center sue USCIS?
When the EB-5 Reform and Integrity Act (RIA) passed in March 2022, USCIS directed existing Regional Centers to seek redesignation with the agency. The industry, and even some key members of Congress who helped draft the RIA, strongly disagreed with USCIS’ interpretation of the new RIA law requiring Regional Centers to seek designation. A Regional Center in California filed a lawsuit, and then shortly thereafter several leading Regional Center operators banded together and filed a separate lawsuit against USCIS.
How did the courts respond?
When the EB-5 Reform and Integrity Act (RIA) passed in March 2022, USCIS directed existing Regional Centers to seek redesignation with the agency. The industry, and even some key members of Congress who helped draft the RIA, strongly disagreed with USCIS’ interpretation of the new RIA law requiring Regional Centers to seek designation. A Regional Center in California filed a lawsuit, and then shortly thereafter several leading Regional Center operators banded together and filed a separate lawsuit against USCIS.
What is the status of the two lawsuits?
On August 25, 2022, EB5 Capital, along with other leading EB-5 industry stakeholders, entered into a stipulation and settlement agreement with USCIS.
What are the key stipulations of the settlement?
The agreement not only reauthorizes previously approved Regional Centers, but it permits investors to file I-526E Petitions after an I-956F Petition (“Project Exemplar”) is filed.
Do investors need to wait for their Regional Center of choice to receive a formal I-956F receipt from USCIS before filing their I-526E Petition?
No. If the Regional Center does not receive a formal receipt notice within ten calendar days of delivery to USCIS, the investor may use other forms of proof of the I-956F filing, such as a lockbox receipt, cashed check, or credit card charge provided by the Regional Center to the investor.
Where can investors read the full text of the joint settlement?
The full text can be found here.
What can investors do to put themselves in a position to be able to file their I-526E Petition as soon as possible?
Investors can contact info@eb5capital.com to connect with one of our Investor Relations team members.
To learn more about this joint settlement and the impact of the RIA on the EB-5 industry, check out this article with EB5 Investors magazine.