225 North Calvert Project Receives Repayment

Press Release

WASHINGTON, Sept. 10, 2021 (GLOBE NEWSWIRE) — EB5 Capital announced today its $20 million preferred equity investment in CP Capital US’s (formerly known as HQ Capital Real Estate) 225 North Calvert has been repaid in full.

225 North Calvert, located in Baltimore, Maryland, is a mixed-use redevelopment of a downtown office building into a 347-unit luxury apartment building with ground-floor retail. Construction began in late 2016 and was completed in November of 2018. The amenities offered by 225 North Calvert are upscale and designed to attract young professionals. Its 9,500 square feet of ground-floor retail space adds to the exciting atmosphere of the area as downtown Baltimore continues growing into an attractive destination for living, dining, and entertaining.

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September 2021 Construction Update: NYC Ritz-Carlton

The NYC Ritz-Carlton is a luxury hotel development in the NoMad district of Manhattan in New York City. The property is centrally located, just north of Madison Square Park, adjacent to the 28th Street subway station, and less than a 10-minute walk to both Grand Central Station and Penn Station. The 38-story luxury hotel will feature 250 hotel rooms and 16 condominiums. The food and beverage program will be managed by world-class food operator José Andrés.

In Her Own Words: Lulu Gordon Sees a Seismic Shift in How We Work

We can’t go back to our pre-pandemic ways of thinking. Business as usual won’t do. The workforce won’t tolerate the old ways, and they shouldn’t have to. People in the U.S. and around the world finally began to comprehend what globalization means, how vulnerable we are as human beings and as a planet. Our priorities have shifted – I believe for good, and for the better.

Lulu Gordon, Senior Vice President & General Counsel, EB5 Capital

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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.