WASHINGTON, Jan. 11, 2024 (GLOBE NEWSWIRE) — EB5 Capital, a prominent leader in the EB-5 investment industry, is pleased to announce that investors in its 225 North Calvert (JF15) project have started receiving I-829 approvals from the United States Citizenship and Immigration Services (USCIS). USCIS issues I-829 approvals, or permanent residency, to investors who have met USCIS’s stringent vetting requirements and demonstrated that their EB-5 investment created at least ten full-time jobs for the US economy.
225 North Calvert, located just north of the Inner Harbor in Baltimore, Maryland, is a mixed-use redevelopment of a downtown office building into a 347-unit luxury apartment building with ground-floor retail. As a result of this 18-story high-rise redevelopment, a total of 890 EB-5 qualifying jobs were added to the local economy.
“We are delighted that our investors have reached this major milestone in their EB-5 immigration process,” said Angelique Brunner, Founder & CEO of EB5 Capital. “225 North Calvert is one of my favorite projects because it embodies the impactful investments Baltimore needs, representing the true essence of what EB-5 funding was intended to be used for.” 225 North Calvert is one of EB5 Capital’s 13 projects which have been fully repaid. These recent I-829 approvals mark the final step in the EB-5 immigration and investment cycle.
EB5 Capital remains dedicated to financing projects that not only meet the rigorous requirements of the EB-5 Program, but also contribute meaningfully to local communities and economies. The successful I-829 approvals for 225 North Calvert is a prime example of EB5 Capital’s ongoing efforts to stimulate job growth and elevate economic prospects nationwide.
About EB5 Capital
EB5 Capital provides qualified foreign investors opportunities to invest in job-creating commercial real estate projects under the United States Immigrant Investor Program (EB-5 Visa Program). As one of the country’s oldest and most active Regional Center operators, the firm has raised more than one billion dollars of foreign capital across nearly 40 EB-5 projects. Headquartered in Washington, DC, EB5 Capital’s distinguished track record and leadership in the industry has attracted investors from over 75 countries. Please visit www.eb5capital.com for more information.
Contact:
Katherine Willis
Director, Marketing & Communications
media@eb5capital.com
GlobeNewswire Distribution ID 9016608