Conference by SAUL and JTC
JTC and Saul Ewing LLP hosted the 2nd Annual Advanced EB-5 Industry Conference on November 9th in Miami to help connect EB-5 stakeholders and encourage important conversations around the future of the program. The invite-only event was a way for top minds in the industry to share what they’ve learned about the new era of EB-5. The event was a resounding success featuring speakers, panels discussions, and networking. This was a rare opportunity to share ideas with professionals across the spectrum of EB-5 stakeholders and helped strengthen attendees’ shared vision for what EB-5 can do.
EB5AN’s Managing Partner Sam Silverman was invited to speak as a panelist at the event to address questions regarding EB-5 job creation and the outlook of the EB-5 industry over the next few years under the recent USCIS interpretation of the RIA. Sam provided reasoning for EB5AN’s 100% USCIS project approval rate throughout the past 10 years and why EB5AN will continue to offer EB-5 investors a variety of low-risk rural and urban TEA projects in the future.
EB-5 projects in rural areas not only benefit the local economy directly from the job creation estimated in the economic impact analysis but the increased population from the new residents help drive additional job creation as well.
For example, EB5AN’s Twin Lakes Georgia project is developing 1,300 single-family homes in Hoschton, Georgia which is a rural area outside of Atlanta. When construction began, there were only a couple thousand people living in Hoschton, but that number is growing quickly. The growing population has even made it economically feasible for Publix to open a new supermarket nearby the community, creating even more jobs for the local area.
Additionally, when developers receive EB-5 investment capital, it helps to free up their balance sheets to pursue further real estate development in the local area which multiplies the overall job creation from the EB-5 capital even if it’s not accounted for in the initial economic impact analysis.
This is just a few ways in which the EB-5 program helps to accelerate economic growth in the United States.
Since EB5AN’s founding ten years ago, the company has grown to be the only regional center operator with regional centers covering the entire continental United States allowing EB5AN to offer investments unrestricted by location. EB5AN has used this advantage to create a variety of EB-5 offerings investing in both rural and urban locations throughout the United States providing EB-5 investors with a range of options to fit their investment preferences.
In October 2023, USCIS published new guidance on their interpretation of the RIA investment timeline allowing for shorter investments that are returned to EB-5 investors faster than ever before. In response, EB5AN has structured an EB-5 investment offering in the Boynton Beach Multifamily project with a 3.75-year target investment duration and an above-market 5% annual preferred return to investors. Boynton Beach Multifamily is now open for investment with limited spots available, so investors should act soon before they miss this opportunity to invest in a low-risk EB-5 project with a short target investment duration and an above-market return.
Boynton Beach Multifamily EB-5 Project
Boynton Beach Multifamily is a 210-unit active adult apartment community for retirees over 55 located in an urban (high-unemployment) targeted employment area (TEA).
The Boynton Beach Multifamily EB-5 project offers an above-market 5% annual preferred return with a short 3.75-year target investment duration, an I-526E approval refund guaranty, and a job creation guaranty.
The property developer, The Kolter Group, is a national real estate development company with in process and realized development experience of more than $29 billion. Kolter has never failed to repay a loan or complete a project since its incorporation nearly 30 years ago.
EB5AN has partnered with Kolter on over 20 EB-5 projects, with 100% of EB-5 investment funds repaid or in good standing, and a 100% USCIS project approval.
Twin Lakes Georgia EB-5 Project
Twin Lakes Georgia, a 1,300-unit single-family home development for active adults near Atlanta, Georgia, remains one of the most successful EB-5 projects on the market. Twin Lakes is one of the top-selling new home communities in Georgia. It strategically targets seniors and retirees, offering them high-quality homes and a lifestyle built around their needs and preferences.
Twin Lakes Georgia is already a success, with over 600 of 1,300 homes sold to date. The project recently received the prestigious 2023 55+ Housing Community of the Year award at the 43rd Annual OBIE Awards event.
Twin Lakes is also being built by The Kolter Group. Kolter has a long track record of developing single-family homes—with over 29.000 in process and realized homes. Their Cresswind brand focuses on building active adult communities like Twin Lakes. Kolter’s market knowledge and ability to perform in a difficult economy have driven this project’s financial success.
Twin Lakes has kept up a strong, consistent sales volume throughout 2022, 2023, and to date in 2024. Sales have remained high despite significant interest rate hikes during this period. Strong sales result in more than just profits. Houses are built as they are sold—which means job creation. Financial success and job creation are the two key factors that make Twin Lakes one of the safest EB-5 projects available. EB-5 investors can have confidence they will be repaid and that enough jobs will be created for them to qualify for Green Cards.
For more information on the Boynton Beach Multifamily or Twin Lakes Georgia EB-5 projects, schedule your free one-on-one consultation today.
