Investment opportunity opens as Houston EB5 makes fresh offers
For savvy and yield-seeking investors whose search for opportunities cuts across shores, a new investment window has opened in the US market as Houston EB has come to town with District Lofts and Thompson Hotel and Residences.
Working in partnership with 3Invest which is introducing the facilities in Nigeria, the company, is out to raise capital for both District Lofts, Sugarland and Thompson Hotel and Residences, San Antonio in the region.
Houston EB5 is a real estate investment company offering potential investors the opportunity of investing in real estate developments in Houston Texas, and assures that, in addition to the prospect of a good return on investment , investing in its project will qualify investors for permanent residency in the United States through the EB-5 programme.
The EB5 Investment Programme is administered by the U.S. Citizenship and 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.
3Invest which is working in partnership with the Houston EB5 in Nigeria is an organization with a collective goal to develop ideas designed to change the way investors approach real estate in the future, and provides a foundation for core brand values including ‘live well, work right, and invest wisely’.
Imperial Refinery District Lofts will be a premier Class A development, pioneered by the award-winning Houston based real estate developer, Sueba USA Corporation and Houston EB5. The meticulously designed project will encompass 273 units and will include a comprehensive amenity package.
As part of the Imperial Sugarland master-planned community, residents will have access to all of the city’s hospitality and entertainment venues plus convenient access to Downtown Houston.
The Thompson Hotel and Residences positions itself as the Premier Luxury Boutique Hotel of San Antonio. Consisting of 20 stories, the 170 guestroom, 56-residence hotel will feature 15,000 square feet of riverfront meeting space and a Skybar Club, providing sweeping views of the City. Designed to meet and complement the needs of the San Antonio market, the Thompson San Antonio Hotel gives way to unrivalled elegance and comfort.
In 2010, Houston EB5 tapped a federal programme, targeting wealthy foreigners to fund their real estate projects; a $70 million residential tower in the vibrant Houston Galleria area called Astoria and a $48 million 8-storey, 242-unit apartment building in the heart of Downtown Houston called Block 384.
The raise for Astoria was completed with $30 million from EB5 investors and the raise for Block 384 with $12 million. Houston EB5 boasts a 100 percent success rate on Green Card approvals and because of this success, they have now completed their third raise of $13 million for Marlowe, a luxury residential tower in Downtown Houston.
Like previous Houston EB5 projects, both projects have received great support from both the City of Houston and San Antonio. A TEA designation has been assigned to both projects, lowering the minimum investment amount to $500,000 as opposed to $1,000,000.
Through the marketing of previous projects, Houston EB5 has established strong investor pipelines in both Latin America and Africa, helping to assure complete capitalization of projects, said Emilio Guzmán, Chief Investor Relations of Houston EB5.
The USCIS is also considering raising the minimum investment amount from $500,000 to $800,000 in September 2016. So, interested investors should aim to complete their investment before the proposed increase, said Acho Azuike, Managing Director of Houston EB5.
CHUKA UROKO