EB5 Capital offers foreign investors the opportunity to invest in its first private equity project

door Luna

Press release

Contact Communication Partner:
Aurélie Decoster at Luna
Tel: +32 495 59 38 00

EB5 Capital offers foreign investors the opportunity
to invest in its first private equity project

1800 Half Street is EB5 Capital’s first-ever private equity project

BRUSSELS, 13 July 2020 – EB5 Capital, one of the oldest operating Regional Centers in the EB-5 industry in the United States, is delighted to present its new and first private equity project, ‘1800 Half Street’, situated along the waterfront in Washington, DC. As its successful US green card by investment business has grown, EB5 Capital is now also servicing foreign investors interested in pursuing commercial real estate equity opportunities without interest in emigrating to the United States.

First private equity project

EB5 Capital has confirmed its first private equity project, 1800 Half Street, in Washington, DC. The new multifamily housing project will be developed by MRP Realty and will consist of a 344-unit mid/high-rise rentals along the District’s waterfront. The project is located in Buzzard Point, two blocks south of the Nationals Park, the home stadium of Major League Baseball’s Washington Nationals – 2019 World Series Champions, and one block east of Audi Field, the home stadium of Major League Soccer’s DC United. The total project cost is approximately $135 million and the minimum investment amount is $100,000.

Brian Ostar, President of EB5 Capital, explains: “We are excited about our new private equity service. This additional service allows us to leverage our international relationships and domestic real estate expertise to offer highly desirable opportunities to foreign investors. Our investors across the world have been asking us for equity investment opportunities for several years, and now we are in a position to provide it to them.

Successful past projects

This area of Washington, DC is known as a ‘safe haven’ for long-term real estate investment, and multifamily housing has proven to be the safest and most stable asset class in the commercial real estate sector. In light of the COVID-19 pandemic, a project like this one makes great sense for investors focused on the long-term,” says EB5 Capital Director of Business Development, Juline Kaleyias.

To date, EB5 Capital has already completed two projects in the same neighbourhood of Washington, DC: ‘Riverfront at the Navy Yard’ and ‘1900 Half Street’.

‘Riverfront at the Navy Yard’, also known as ‘Dock79’, is part of an overall redevelopment of the Capitol Riverfront area, located between Capitol Hill and the Anacostia River. It is a multifamily development. The investors sponsored a high-rise building with 305 residential units and 19,000 square feet of ground floor retail space. EB5 Capital raised $17 million from 34 investors for the development of this project. Most importantly, the investors have been repaid their principal investment plus interest.

‘1900 Half Street’ is an innovative redevelopment of a former office building into a 415-unit luxury apartment building overlooking the Anacostia River in the Buzzard Point neighbourhood. The project has approximately 17,000 square feet of retail space and is adjacent to the new project, 1800 Half Street. It was funded by foreign investors from 16 different countries, such as Austria, China, Eritrea, France, India, Pakistan, Russia, Singapore, South Korea, Taiwan, the UK and more. The scheduled opening date for 1900 Half Street is 1st August 2020.

Looking to the future

Even though 1800 Half Street is EB5 Capital’s first private equity project, the company’s strategy is similar to that for its 27 previous projects. EB5 Capital will continue to invest and look out for attractive opportunities for foreign (private) investors in commercial real estate in the U.S.

If you would like additional information or to conduct an interview
with EB5 Capital, please contact Aurélie Decoster at Luna:
aurelie@luna.be, +32 495 59 38 00

About EB5 Capital

EB5 Capital is one of the oldest operating Regional Centers in the US. It owns USCIS-authorised Regional Centers that serve 14 states, most notably in California, New York, Oregon, and the District of Columbia. EB5 Capital raises capital from foreign investors to finance job-creating projects across the United States under the EB-5 Immigrant Investor Program.
EB5 Capital has 27 completed and current projects, and over 1,500 foreign investors from 65 countries. Most investors come from China, India, Vietnam, Russia, and Korea, but there are also a lot of investors from Belgium, France, Germany, Italy, the Netherlands, etc. All investors are eligible, along with their families, to become permanent residents of the United States by investing in qualifying U.S. businesses through the Regional Centers of EB5 Capital.
Since EB5 Capital was founded in 2008, the mission has been to connect qualified investors with superior job-creating projects that satisfy all of the requirements of the EB-5 Visa Program.
For more information: www(dot)eb5capital(dot)com
For more information about EB-5 basics: www(dot)youtube(dot)com/watch?v=auhz9VUOh_8&t=3s