Washington, DC – EB5 Capital joins Quadrangle Development Corporation, Capstone Development, and Crestline Hotels & Resorts in celebrating the grand opening of the Courtyard and Residence Inn by Marriott located at 901 L Street, NW. The new dual-branded hotel is part of a triplex of Marriott properties serving the District’s Walter E. Washington Convention Center. The first phase of the triad of hotels was the Marriott Marquis, which also used EB-5 funds raised by EB5 Capital.

“Seeing the opening of this much-needed hotel project is yet another incredible milestone for our firm,” said Brian Ostar, EB5 Capital’s Senior Vice President of Global Operations. “Quadrangle and Capstone went to great lengths to preserve the historic architecture of the site, and their attention to detail paid off in what will be an extremely attractive hospitality option for those visiting the District.”

EB5 Capital funded $40.5 million as a preferred equity investment, creating over 2,500 EB-5 qualifying jobs. Located in the heart of DC’s business district, the 504-key property opened to the public on November 9, 2018.

“It’s extremely rewarding for our investors to see such an amazing finished product,” said Patrick Rainey, Vice President of Investments. “We’re looking forward to providing official site tours to our investors who have plans to visit Washington, DC.”

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About EB5 Capital

EB5 Capital is a leader in the EB-5 immigrant investor industry, raising foreign capital from investors in more than 55 countries for investment in job-creating real estate projects across the United States. EB5 Capital owns and operates six USCIS-authorized Regional Centers that serve 15 states and the District of Columbia. With a portfolio of 25 projects, EB5 Capital maintains a 100% project approval rate from the USCIS. For more information, visit http://www.eb5capital.com.

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Washington, DC – EB5 Capital announced today that multiple I-526 approvals have been received by investors in its 1900 Half Street project in Washington, DC. Along with the previously approved I-924 exemplar petition, the I-526 approvals represent the completion of the first stage of the EB-5 immigration process for investors. These first approvals came in just over 10 months – the United States Citizenship and Immigration Services’ (USCIS) current average I-526 approval time is between 20 and 26 months.

“Achieving I-526 approvals, especially in this amount of time, is extremely rewarding for our company, and our investors” said Nhat Huynh, Investor Relations Manager. “We are thrilled to continue to see our projects receive exemplar and I-526 petition approvals ahead of USCIS’ average processing times.”

The 1900 Half Street project is a $44.5 million preferred equity investment in Douglas Development Corporation’s redevelopment of a former office building into a luxury apartment building with 17,000 square feet of ground-floor retail. Located in the growing Buzzard Point area, and directly across from the new Audi Field soccer stadium, the project is expected to create more than 1,250 EB-5 qualifying jobs.

“Our investors and their families put their trust in our ability to help them achieve permanent residency in the United States,” said Anubhuti Dhand, Investor Relations Manager. “It’s always exciting to see our investors reach this important step in their EB-5 immigration process.”

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About EB5 Capital

EB5 Capital is a leader in the EB-5 immigrant investor industry, raising foreign capital from investors in more than 55 countries for investment in job-creating real estate projects across the United States. EB5 Capital owns and operates six USCIS-authorized Regional Centers that serve 15 states and the District of Columbia. With a portfolio of 25 projects, EB5 Capital maintains a 100% project approval rate from the USCIS. For more information, visit http://www.eb5capital.com.

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Washington, DC – EB5 Capital announced today its receipt of an I-924 Exemplar approval for its Capitol Hill Apartments on 14th project, located in the Capitol Hill neighborhood of Washington, DC. The United States Citizenship and Immigration Services (USCIS) approved the project in just over five months – USCIS’ current average I-924 exemplar processing time is between 19 and 25 months.

“We’re especially excited about this Capitol Hill project and thrilled to see such a quick I-924 exemplar approval,” said Investor Relations Manager, Natalia Pronina. “This partnership will deliver a renovated Safeway below brand-new housing to this area of Washington, DC, and we expect it will be a welcome addition to the residents of the southeast corridor of the District.”

The Capitol Hill Apartments on 14th project is a $28 million preferred equity investment in Foulger-Pratt’s development of a renovated, 60,000 square foot Safeway grocery store and 325-unit, Class A apartment building. The final financing terms of the project have officially closed with JP Morgan providing an $83,500,000 construction loan. The project will include 14 percent affordable housing units, 6 percent more than the minimum required by DC’s Department of Housing and Community Development. The project will create more than 1,050 EB-5 qualifying jobs.

“An exemplar approval is an important indicator to our investors that they have selected a sound EB-5 project,” said Andrea Devis Focke, Investor Relations Manager. “We look forward to our JF25 investors’ next steps through the EB-5 immigration process.”

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About EB5 Capital

EB5 Capital is a leader in the EB-5 immigrant investor industry, raising foreign capital from investors in more than 55 countries for investment in job-creating real estate projects across the United States. EB5 Capital owns and operates six USCIS-authorized Regional Centers that serve 15 states and the District of Columbia. With a portfolio of 25 projects, EB5 Capital maintains a 100% project approval rate from the USCIS. For more information, visit http://www.eb5capital.com.

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My name is Natalia Pronina, Manager of Investor Relations at EB5 Capital. Originally from Penza, Russia, I was first introduced to the United States at the age of 18.

After graduating from Penza State University in Russia, I was lucky enough to have my F-1 student visa approved allowing me to attend Wilmington University in the U.S. I went on to graduate with a master’s degree, began my professional career, got married, and had a beautiful baby boy.

In 2017, I had the incredible experience of becoming a naturalized U.S. citizen [pictured above]. It was a day I’ll never forget. My story is the same as so many of our investors – we move to this country in hopes of creating a better life and greater opportunity for our families.

The United States is also a country that provides its citizens with the privilege of self-governance. On November 6th, I took part in my very first U.S. election. I’m proud to say:

I voted.

My hope is that my story will encourage you, your family, and your friends who have also become U.S. citizens to engage in our country’s democratic process and vote. Whether you’re already a citizen, or on the path towards it, take a moment to remember how important voting is.

I hope you’ll join me next time around.

Natalia Pronina
Manager, Investor Relations – Russia & Eastern Europe

Washington, DC – EB5 Capital announced today its receipt of an I-924 exemplar approval for its NYC Ritz-Carlton project, located in the NoMad neighborhood of Midtown New York City. The United States Citizenship and Immigration Services (USCIS) approved the project in only 14 months – USCIS’ current average I-924 exemplar processing time is between 19 and 25 months.

“USCIS’ exemplar approval of this Ritz-Carlton project provides an additional layer of confidence for current and future JF22 investors,” said Angelique Brunner, EB5 Capital’s President. “This development will deliver all the charm of Midtown Manhattan, award-winning architecture and design, and a first-rate luxury hotel experience in one space.”

EB5 Capital is contributing a $125 million preferred equity investment in Flag Luxury Group’s development of the $480 million, 250-key luxury Ritz-Carlton hotel. The building will feature 16 Ritz-branded top-floor condos, as well as ground-floor retail space. The project is being financed, in part, with a $250 million senior construction loan from Atalaya Capital Management. The project is currently under construction and completion is expected in Q2 2021.

EB5 Capital’s senior management team attended the project’s groundbreaking ceremony in early September. The NYC Ritz-Carlton will be Marriott International’s flagship hotel in New York City. Flag previously developed four other Ritz-Carlton properties with Marriott. World-renowned Uruguayan architect Rafael Viñoly Beceiro is designing the property.

“At the turn of the century, the NoMad area was home to many of the city’s most exclusive luxury hotels and served as a hub for the global elite,” said Dayssi Olarte de Kanavos, Flag Luxury Group’s President.  “Now, this vibrant neighborhood is quickly reclaiming its place as one of New York City’s most dynamic neighborhoods and the Ritz-Carlton New York, NoMad will be at the forefront of this change.”

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About EB5 Capital

EB5 Capital is a leader in the EB-5 immigrant investor industry, raising foreign capital from investors in more than 55 countries for investment in job-creating real estate projects across the United States. EB5 Capital owns and operates six USCIS-authorized Regional Centers that serve 15 states and the District of Columbia. With a portfolio of 25 projects, EB5 Capital maintains a 100% project approval rate from the USCIS. For more information, visit http://www.eb5capital.com.

About Flag Luxury Group

 Flag Luxury Group is a privately held real estate development company headquartered in New York City with a primary focus on luxury hotels and residences as well as land-based entertainment and retail projects. Flag Luxury was formed in 1997 by Dayssi and Paul Kanavos, who were driven by their passion for luxury hospitality and their desire to bring a forward-thinking perspective to the industry. Flag Luxury Group’s ability to identify, acquire and build world-class projects in premier gateway city locations has established it as a leading development company in the industry.

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