WASHINGTON, Jan. 11, 2024 (GLOBE NEWSWIRE) — EB5 Capital, a prominent leader in the EB–5 investment industry, is pleased to announce that investors in its 225 North Calvert (JF15) project have started receiving I–829 approvals from the United States Citizenship and Immigration Services (USCIS). USCIS issues I–829 approvals, or permanent residency, to investors who have met USCIS’s stringent vetting requirements and demonstrated that their EB–5 investment created at least ten full–time jobs for the US economy.
225 North Calvert, located just north of the Inner Harbor in Baltimore, Maryland, is a mixed–use redevelopment of a downtown office building into a 347–unit luxury apartment building with ground–floor retail. As a result of this 18–story high–rise redevelopment, a total of 890 EB–5 qualifying jobs were added to the local economy.
“We are delighted that our investors have reached this major milestone in their EB–5 immigration process,” said Angelique Brunner, Founder & CEO of EB5 Capital. “225 North Calvert is one of my favorite projects because it embodies the impactful investments Baltimore needs, representing the true essence of what EB–5 funding was intended to be used for.” 225 North Calvert is one of EB5 Capital’s 13 projects which have been fully repaid. These recent I–829 approvals mark the final step in the EB–5 immigration and investment cycle.
EB5 Capital remains dedicated to financing projects that not only meet the rigorous requirements of the EB–5 Program, but also contribute meaningfully to local communities and economies. The successful I–829 approvals for 225 North Calvert is a prime example of EB5 Capital’s ongoing efforts to stimulate job growth and elevate economic prospects nationwide.
About EB5 Capital
EB5 Capital provides qualified foreign investors opportunities to invest in job–creating commercial real estate projects under the United States Immigrant Investor Program (EB–5 Visa Program). As one of the country’s oldest and most active Regional Center operators, the firm has raised more than one billion dollars of foreign capital across nearly 40 EB–5 projects. Headquartered in Washington, DC, EB5 Capital’s distinguished track record and leadership in the industry has attracted investors from over 75 countries. Please visit www.eb5capital.com for more information.
Contact:
Katherine Willis
Director, Marketing & Communications
media@eb5capital.com
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