Investment opportunity beckons as 3Invest, Houston EB5 unveil new project

For yield hungry Nigerian investors, a new opportunity is beckoning as 3Invest, a young but dynamic Nigerian real estate firm, in conjunction with Houston EB5, a Texas-based real estate investment company, have unveiled a new project known as Eighteen25 Luxury Condominiums in Houston.
A massive project comprising approximately 240 units in an 8-story building, Eighteen25 Luxury Condominium sits on a total of 62,500 square feet or 1.4348 acres of land. It is structured in three floors of parking and five floors of residential units above.
The project site is an entire block in Downtown Houston and it is being developed in partnership with Allied Realty, a Houston based multi-family developer founded in 1985.
Given that real estate investment remains much safer in nature than typical business investments, coupled with Houston’s strong economy, investors in Houston EB5’s developments can expect a more reliable and timely return on their investment. Houston EB5 believes Nigerians can become a crucial part in helping to expand the city’s skyline by investing in Houston EB5’s developments.
“Houston EB5 maintains our focus on helping foreign investors achieve permanent United States residency; we are pleased to announce that we have achieved an important milestone”, says Allied Realty in a statement, listing the two earlier milestones as I-829 approvals for Astoria and I-526 Marlowe which are two of their luxury residential projects in Houston.
Ruth Obih, 3Invest’s CEO, explained in a statement obtained by BusinessDay in Lagos that “the EB5 investment programme is administered by the US Citizenship & Immigration Services under the Department of Homeland Security. It allows investors who make a qualified investment to fast track permanent legal residency in the United States for themselves and their immediate family without the usual roadblocks or red tape associated with the immigration process”.
She advised those who have considered participating in the US EB-5 Immigrant Investor Programme to make hey while the sun shines so as to, among other things, maximize their chances of securing residency benefits under the current law and also lock in their investment opportunity at the existing amounts of either $500,000 or $1 million.
Obih explained that the I-829 approvals signify that Houston EB5 has created the promised number of jobs per investor for the project, and several investors are approved for permanent US residency.
“Astoria is a signature high-rise development in the Galleria area that sold out a year before it was completed. EB-5 investors committed $1 million each to the project, one of the few of its kind in the U.S and investors are starting to receive I-829 approvals.
Marlowe is a luxury high-rise in the heart of Downtown Houston, essential to providing residential capacity in line with rapid business development in the area. Investors are now receiving I-526 approvals.
“Houston EB5 stands out not only for the success of our projects and investors, but as one of the few EB-5 Regional Centers that is also a real estate developer. We offer unique expertise, more than 140 investors, and a 100 percent success rate on I-526 and I-829 approvals”, the stamen added.

CHUKA UROKO