Press Release

Roadside Development Repays EB5 Capital’s Investment in City Market at O Street

Washington, DC – Roadside Development joins EB5 Capital in celebrating the repayment of EB5 Capital’s $12.5 million mezzanine loan invested in Roadside’s City Market at O Street project in the Shaw neighborhood of Washington, DC.

City Market at O Street is a one million square foot, mixed-use development in the heart of the Shaw neighborhood at 7th & O Streets NW. The project features 650 multifamily units, including a 90-unit affordable apartment building for the 55+ community, a 182-room Cambria Suites Hotel, and 90,000 square feet of retail including a grocery store. Originally built in 1881, the historic O Street Market, one of three 19-century public market buildings still standing in the city, is the cornerstone of this project. The market was restored into a state-of-the-art 78,000 square foot Giant Food Store.

The project financing included a complex mix of private and public funding sources. The more than $315 million multi-phased project incorporates private land and cash equity investments and $102 million of EB-5 financing, the first project in DC to receive EB-5 financing. The capital stack also included mezzanine debt, $35 million in tax-increment financing (TIF) bond proceeds from the District of Columbia, and a $128 million HUD-insured Section 220 multifamily mortgage, one of the largest ever for a mixed-use deal. This was a landmark project for the U.S. Department of Housing and Urban Development and was the only mixed-use development designated by the Obama Administration in 2011 as a high-priority project to be fast-tracked for its significant merit and job creation.

EB5 Capital participated in two phases of financing for this project. The first phase was repaid in 2014 and the second phase was successfully repaid this month. All eligible investors have received their permanent Green Cards and their capital back.

“Extraordinary creativity on the part of our financing team enabled us to achieve many milestones including accelerated delivery of senior housing and 15% more affordability,” said Richard Lake, Managing Partner at Roadside Development. “The innovative capital stack also facilitated an inventive approach to the infrastructure design and development that supported critical architectural and urban design objectives for the project and overall neighborhood.”  

City Market at O Street ultimately repositioned two key city blocks in the heart of Shaw catalyzing over $1 billion in new investment dramatically improving the linkage of the historic Shaw neighborhood and Downtown. Roadside’s commitment to community-led to their funding a skills training initiative; 51% of new construction jobs went to area residents and $192 million of contracts to DC CBE’s, and over 2,400 jobs, including many for DC residents. “City Market at O Street is a perfect representation of what an EB-5 investment can do to help create needed jobs and increase the viability of underdeveloped neighborhoods,” said Angel Brunner, EB5 Capital’s CEO. “As we move into the new year, we expect EB-5 financing to be a key contributor in the COVID-19 economic recovery, similar to the way it served in the aftermath of the Great Recession of 2008. We look forward to welcoming investors and continuing this work in cities across the U.S.”


About Roadside Development, LLC

Roadside Development is a Washington DC-based real estate firm that values and invests in people – our employees, partners, business associates, and local communities. The high quality of our projects reflects that value and investment. Whether it is a catalytic urban redevelopment project or a large suburban mixed-use lifestyle center, Roadside Development is committed to providing only professional, innovative, and solution-based real estate services. Roadside Development is known for the successful adaptive reuse of City Market at O, Cityline at Tenley and the former Fannie Mae Headquarters – currently under construction. Learn more at

About EB5 Capital

EB5 Capital is a leader in the EB-5 immigrant investor industry, raising $800 million in foreign capital from investors in more than 70 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 14 states and the District of Columbia. With a portfolio of 28 projects, EB5 Capital maintains a 100% project approval rate from the USCIS. For more information, visit

Press Release

EB5 Capital Achieves $100+ Million Repayment Milestone

Washington, DC – Today EB5 Capital announced it has surpassed $100 million in repayments to its EB-5 investors. The United States Citizenship and Immigration Services’ (USCIS) EB-5 Program permits foreign nationals and their immediate family to apply for US residency through an investment in a job-creating real estate project. Repayments to investors represent the successful investing and return of capital to clients.

 “Since our work began in 2008, we’ve proven our ability to invest our clients’ money in sound, job-creating commercial real estate projects that fully meet the requirements set out by USCIS,” said Brian Ostar, EB5 Capital’s President. “Throughout this year, asset management has been our top-priority, and completing the full EB-5 cycle across a dozen projects is extremely rewarding to us, the clients we’ve repaid, and clients in earlier stages of their immigration process.”

EB5 Capital has increased the frequency of its communication with developer-partners and investors. Despite the changes brought on by the COVID-19 pandemic, the firm remains focused on operating efficiencies and the pursuit of sound EB-5 investment opportunities for those considering moving to the US through an EB-5 investment.

“The pandemic has caused quite a bit of uncertainty for our firm and clients this year,” said Juline Kaleyias, EB5 Capital’s Director of Business Development. “Though, our team is still very much committed, working harder and more efficiently than ever. We are delighted to deliver this good news.”


About EB5 Capital

EB5 Capital is a leader in the EB-5 immigrant investor industry, raising over $750 million in foreign capital from investors in more than 65 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 14 states and the District of Columbia. With a portfolio of 28 projects, EB5 Capital maintains a 100% project approval rate from the USCIS. For more information, visit

Investor Spotlight: Linda Ciklik

Since 2008, EB5 Capital’s team has had the privilege to frequently interact with a diverse and accomplished set of investors from 65 countries who have all decided to make the United States their new home. Every so often, through our Investor Spotlight series, we enjoy taking the opportunity to feature some of our past clients and share their immigration experience with you. Each of these investors has graciously allowed us to share their story.

Linda (third from the left) with her daughters and granddaughters. 

At the beginning of the year, before the COVID-19 outbreak unraveled in the Western Hemisphere, our CEO and Founder, Angel Brunner, and our Investor Relations Manager for Latin America, Andrea Devis Focke, spent a few days meeting with investors in Mexico City. One of the visits was with Mrs. Linda Ciklik, the mother of one of our investors.

Mrs. Linda Ciklik is a committed philanthropist who cares deeply about helping vulnerable women and promoting educational opportunities for children in difficult situations. During the time shared, Linda and Angel made a meaningful connection. She provided Angel and Andrea a tour around WIZO, a non-profit organization she has been deeply involved with for over 40 years. Linda vividly explained their mission, described her dedicated involvement, and how a network of over 350 active female volunteers across Mexico focus on improving the lives of their society’s most vulnerable women and children.

Founded in London in 1920 and in Mexico in 1940, WIZO is a non-profit organization that has chapters in over 50 countries and consultative statuses at the United Nations Children’s Emergency Fund (UNICEF) and the Economic and Social Council (ECOSOC). WIZO members create programs to support shelters for battered women and girls in distress, as well as childcare centers, schools, and services for the elderly.

Linda (bottom right) with WIZO Mexico Leadership.

Touched by Linda’s philanthropic work, Angel asked how EB5 Capital could support its mission. In recognition of the 100th anniversary of the 19th Amendment and women’s constitutional right to vote in the United States, EB5 Capital is making a donation to WIZO. Our support will help Linda’s effort in raising over $50,000 to purchase much-needed medical equipment that will go to a children’s hospital.

“Connecting and learning about our investors, like we did with Linda in Mexico, is what motivates us to keep going,” said Angel. “My team and I believe in being global citizens that look for ways to create meaningful connections, bridge stronger ties with the United States, and give back to our investors’ home societies.”

Linda shared some of her experiences with us: 

Can you please share with us how WIZO became involved with the National Institute of Pediatrics (the children’s hospital), and its effort to fundraise for medical equipment? 

WIZO is constantly looking for possibilities to help women and children in vulnerable situations. In our years of dedication to this mission, we have furnished 56 low-income schools in Mexico. Due to the pandemic and for obvious reasons, schools are closed, so our relief efforts had to go elsewhere. We had the opportunity to meet the president of the board of trustees of the National Institute of Pediatrics, who told us about the enormous needs of this center. We saw this as an extraordinary opportunity to continue supporting and that is why we decided to contribute to the INP since this hospital cares for children whose families do not have health insurance or any type of help.

How has your 40+ year involvement in WIZO shaped you? Can you share with us some of the most impactful programs that you were involved in and feel proud of?

My involvement with WIZO started with a group called Shalom, which means Peace or Well-Being. For the last 18 years, I have dedicated myself with a group of colleagues to provide self-esteem classes to heads of families who are part of the community of parents of the 50 low-income schools that WIZO has furnished in Mexico. I feel immensely proud to belong to the Jewish community in Mexico and to be part of a great international organization that focuses on providing opportunities to develop and grow as a woman. Being surrounded by women of all ages with the same purpose of helping has played a particularly important role in my life.

Linda, you have three daughters who are already mothers. One already lives in the United States and another is in the process through one of our EB-5 projects. As a woman who has focused on creating opportunities and helping others, what are some of the values ​​that you would like your daughters to uphold and share with the next generation?

I have raised my daughters with very strong values. I have always wanted them to be independent women and to always put themselves in the other’s shoes and be willing to help. I am so proud of them! They are professional women with big hearts. I hope they convey to my granddaughters the great value of helping others.

We thank Linda for sharing her story and teaching us about the important work WIZO is doing around the world. If you are interested in contributing to WIZO’s Mexico chapter to help purchase medical equipment for children in Mexico, you can donate or we can make a direct connection to the organization for you.