The Washington Post Angel Brunner

The Washington Post Features EB5 Capital President Angel Brunner

On the site of a shuttered Burger King in a long-neglected Northeast neighborhood, D.C. Mayor Muriel E. Bowser donned a hard hat and dug a shiny shovel into a pile of dirt. It was a groundbreaking for a luxury apartment — made possible by $27 million in foreign investment.

Bowser, bundled in a black overcoat, touted her trade mission to China, where city officials and developers had invited wealthy Chinese to invest half a million dollars each in D.C. building projects in exchange for U.S. residency.

“That mission has resulted in the type of investment that will allow this project to go forward,” Bowser said that February day at the Highline, a 12-story apartment and retail complex going up in a rapidly gentrifying slice of NoMa where cranes now crowd the skyline.

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Branson

Sir Richard Branson Attends Virgin Hotels Groundbreaking in Nashville

The British billionaire and adventurer’s Miami-based Virgin Hotels will run the 240- room lifestyle hotel, whose developer is The Buccini/Pollin Group.

The project planned at the corner of Division Street and Music Square West will create 300 construction jobs. Upon opening in 2019, it will generate $2.9 million of annual payroll plus $675,000 a year in annual income for the city and state.

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Press Release

EB5 Capital Provides $8.5 Million for Huntington Hotel Group’s Home2 Suites by Hilton Hotel in Temecula, CA

Washington, DC, September 21, 2017 – Today EB5 Capital announced that it has provided $8.5 million in preferred equity financing for Huntington Hotel Group’s development and construction of a 120-room, all-suite, Home2 Suites by Hilton located in Temecula, CA. The hotel will serve business travelers as well as tourists in this popular wine region. The project is expected to create more than 300 jobs.

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Press Release

PRC Structures $61.5 Million Capital Stack Including Construction Loan & Preferred Equity for 1401 Pennsylvania Avenue

Bethesda, MD, September 5, 2017 – CAS Riegler Companies (CASR), Neighborhood Restaurant Group (NRG), and May Development (May) announced that a new Class-A apartment and retail  development at 1401 Pennsylvania Avenue, SE is fully funded. The companies secured a $44,536,250 loan with EagleBank and a $17,000,000 preferred equity investment provided by EB5 Capital. Phillips Realty Capital arranged both components of the capital stack.

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Congress soon could make it harder for rich people to move to the U.S.

The original plan was to attract foreign investment to blighted neighborhoods. But instead, the controversial EB-5 investor visa enabled affluent Chinese to park their cash in high-end real estate in Beverly Hills and Manhattan — benefiting developers such as President Trump and his son-in-law, Jared Kushner.

Now the visas criticized as “green cards for cash” face a questionable future, with some members of Congress refusing to reauthorize the program, which expires Friday, unless there is significant reform.

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