Ruth Obih, Managing Director, 3INVEST
Houston EB5 in partnership with 3INVEST will host an Open House to announce its most recent investment opportunity in the heart of the Texas Hill and Wine Country at the Movenpick Ambassador hotel, Accra on October 28.
The event will showcase presentations on The Frederick which includes a 200-room full-service luxury hotel and event center, condominiums, multi-family rental units, and nearly 30,000 square of retail space located in Fredericksburg, Texas, between Austin and San Antonio, the top two fastest-growing cities in the state.
The multi-use development has received EB5 Priority Processing designation ensuring the fastest possible processing times in the EB5 program.
Additionally, the project is designated as a rural project allowing for a minimum investment of $800,000 and a 20 percent visa set-asides for rural Targeted Employment Area (TEA) projects vs 10 percent for urban TEA projects.
“We are very excited to offer “The Frederick” to our EB5 Investors as it combines the best of both worlds: the fastest possible way to gain permanent residency through the EB5 Program and a world-class real estate project in the fastest growing region in the United States, which is Central Texas”, says Roberto Contreras Jr., Managing Director, Houston EB5.
Ruth Obih, Managing Director, 3INVEST in an interview with Daily Guide Network (DGN) said the new real estate project and its priority processing designation bring another ray of hope to potential EB5 investors.
The EB-5 Immigrant Investor Program has gone through significant changes in 2022 with the enactment of the EB-5 Reform and Integrity Act (RIA) in March of 2022. The new law contains significant protections and transparency measures to the benefit of EB5 investors and features priority processing for investors that invest in projects outside of large cities.
Certified by United States Citizenship and Immigration Services (USCIS) as an EB-5 Regional Center, Houston EB5 has worked diligently to provide success for clients on I-526 and I-829 approvals. Houston EB5 is vertically integrated with a leading Texas-based development company, DC Partners.
With over 20 successful EB-5 raises and projects totaling 1.5 billion in value, Houston EB5 projects have sponsored more than 1,300 green cards and a 100% capital repayment history.
Additional Houston EB5 projects include The Allen, The award-winning Thompson San Antonio, Astoria, the award-winning Arabella condominiums, Eighteen25 Apartments, Moderno Porcelain Works, and Marlowe Condominiums.
BY Prince Fiifi Yorke