EB5 Capital Meets with US Congressional Staff Members to Share Impact of EB-5 Program in the District
Last week, EB5 Capital hosted several United States Congressional staff members at The Highline (our 13th EB-5 project) to share the impact the EB-5 program is having in Washington, DC.
Located in the NoMa neighborhood of the District, The Highline is one of six EB-5 projects, all within walking distance of one another. EB5 Capital has invested $170 million in NoMa, creating over U.S. 6,100 jobs.
“Being located in the Washington, DC metro area allows us to stay connected to policy decisions around the EB-5 program,” said Brian Ostar, Senior VP of Global Operations. “Sharing what we’ve been able to accomplish in NoMa and areas similar to NoMa is a critical component of helping our legislators understand the value of the program as a strong, tax-free economic development tool.”
See a photo recap below.
EB5 Capital SVP, Brian Ostar, Joins EB-5 Investment Voice Podcast
EB5 Capital Provides $40.5 Million for Columbia Place
EB5 Capital today announced that it has provided $40.5 million in preferred equity financing for Columbia Place, a dual-branded Marriott hotel project being developed by Quadrangle Development Corporation and Capstone Development. Columbia Place comprises two new Marriott hotels – a 357-room Courtyard and a 147-room Residence Inn – within one building. The two hotels will be built across from both the existing Marriott Marquis and the Walter E. Washington Convention Center, creating a true three-hotel complex. The three hotels will include more than 1,600 rooms for business and leisure travelers.
EB-5 Visas: Everything You Need to Know
Following State Department’s recent announcement that they are on track to issue a record number of EB-5 visas this year, the EB-5 program has been getting quite a bit of press.
EB-5, or Immigrant Investor Program as it’s officially known, was created by Congress in 1990 “to stimulate the U.S. economy through job creation and capital investment by foreign investors,” according to the program’s official U.S. Citizenship and Immigration Services (USCIS).