Washington, DC – EB5 Capital announced today its preferred equity investment of $9 million in the 1000 F Street project has been repaid in full by its developer-partner Douglas Development Corporation. It was repaid only 42 months after closing the investment.
“The full repayment of our investment in a project is a very big deal,” said Brian Ostar, EB5 Capital’s Senior Vice President of Global Operations. “Our developer-partners’ ability to deliver a project that can repay our investors is the ultimate determinant of whether or not we selected a good EB-5 investment. This news reaffirms that our process for partnering on EB-5 investments is working.”
The 1000 F Street development is a 94,000-square foot office building with ground-floor retail that delivered in 2016. Located in the Penn Quarter neighborhood of Washington, DC, the project created over 230 EB-5 qualifying jobs. The building’s office tenants include McDonald’s Corporation and Tellurian, Inc., and its ground-floor retail space is occupied by Sephora, among others.
“Our team works hard to ensure we find sound investments for our EB-5 investors,” said Jon Mullen, Senior Vice President of Investments. “We’re looking forward to continuing our firm’s track record on securing projects that satisfy the objectives of the EB-5 Program as well as minimize the risk to our investors.”
About EB5 Capital
EB5 Capital is a leader in the EB-5 immigrant investor industry, raising foreign capital from investors in more than 50 countries for investment in job-creating real estate projects across the United States. EB5 Capital owns and operates five USCIS-authorized Regional Centers that serve 10 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 www.eb5capital.com.