EB5 Capital Celebrates Two Multifamily Openings

Press Release

WASHINGTON, June 14, 2021 (GLOBE NEWSWIRE) — EB5 Capital joins Foulger-Pratt in celebrating the opening of two multifamily developments this month in Northeast Washington, DC.

Press House and One501 both opened on June 1, 2021. Press House, EB5 Capital’s 21st project, consists of two towers with 356 apartments and approximately 15,000 square feet of ground-floor retail. One501, EB5 Capital’s 26th project, offers 327 apartment units and 9,000 square feet of ground-floor retail. Both Press House and One501 are metro-accessible and only minutes away from DC’s renowned Union Market, a gourmet food hall that has become a mecca for food connoisseurs from around the DC area. EB5 Capital and Foulger-Pratt have collaborated on three EB-5 projects together.

“We congratulate Foulger-Pratt and EB5 Capital’s 135 foreign investors on these major milestones,” said Patrick Rainey, EB5 Capital’s Senior Vice President of Investments. “Both Press House and One501 are unique in their own ways and bring incredible value to the NoMa and Eckington submarkets.”

Over the past decade, the District of Columbia has experienced a 14.6% increase in its population, representing the seventh highest urban growth rate in the United States. Most COVID-19 restrictions have been recently lifted in DC and the multifamily market is experiencing a steady increase in demand. EB5 Capital continues to focus on multifamily investments in the DC metro area and is currently raising capital for a similar project.

About EB5 Capital

EB5 Capital provides qualified investors from around the world with opportunities to invest in job-creating commercial real estate projects to obtain U.S. permanent residency, as well as private equity investments and secondary passports. For more information, visit http://www.eb5capital.com.

Investor Portal Now Available

We are excited to announce the launch of our new Investor Portal. Through our secure portal, our investors will gain direct access to important information related to their EB-5 investment, including project documents, investor reports, construction camera links, USCIS immigration notices, case processing times, relevant tax forms, and more. To best manage this launch, our team will roll out the portal to our investors and partners in phases (by project) over the course of 2021. To our investors who have already been invited to join the portal, we encourage you to explore all the wonderful features offered by the new platform and provide feedback to us. Your input is valued, and we would appreciate hearing from you. We are thankful for your support and we look forward to sharing this new service with you! If you have any questions about the portal, please contact eb5portal@eb5capital.com.

Investing in Shared Values and Indian Cuisine

EB5 Capital team members Juline and Anubhuti recently interviewed Rahul and Sahil to learn more about RASA and what drives them. 

RASA (for RAhul + SAhil) is a fast-casual Indian restaurant with multiple locations throughout Washington, DC metro area. Their first location was in DC’s Navy Yard neighborhood, where EB5 Capital has raised funds for three multifamily EB-5 projects totaling over $80 million.

EB5 Capital’s CEO, Angel Brunner, recently made a personal investment in Rahul and Sahil’s business (watch Angel make her first RASA bowl) contributing to the vision of diverse, global experiences inside of our company’s home city. 

RASA’s story is a story of childhood friends on the fast-track with careers in investment banking and management consulting, until one day, they hit the brakes, changed course, and followed their dream. Rahul and Sahil were introduced to restaurant ownership when their fathers (old friends from India) moved to the U.S. in the 1980s and opened their first restaurant together in Rockville, Maryland in 1991.  

Following in their fathers’ footsteps, they dreamt of opening their own Indian restaurant, but with one twist – to make Indian cuisine more accessible to Americans. After brief stints pursuing corporate careers in big cities, Rahul and Sahil opened their restaurant in 2017.