Opportunity for fabulous returns opens at Houston EB5 Marlowe project
For Nigerians looking for fabulous returns on real estate investment in the US, opportunity beckons at Marlowe project being promoted by Houston EB5 at downtown Houston Texas. This opportunity is also for Africans wishing to invest and/or spend the rest of their lives in the city.
Marlowe, a 20-storey, 100 residence contemporary tower with one, two and three-bedroom floor plans, is located in the heart of downtown Houston and, by virtue of its ideal location, provides the very best of living experience downtown Houston
It offers professional sports venues, parks, shopping centers and restaurants, all within less than 200 meters and, with sophisticated finishes and a host of outstanding services and amenities, Marlowe is the pinnacle of an eat-sleep, work-play lifestyle community.
Houston EB5, which is promoting this project, is a real estate investment company offering potential investors the opportunity of investing in real estate development in Houston Texas, assuring that asides the prospects of a good return on investment on the project, investing in this project also qualifies the investors for permanent residence in the United States through the EB-5 programme.
3INVEST, one of Africa’s leading real estate brands which is Marlowe project’s industry partner in West Africa, explains that the EB5 investment programme is administered by the US Citizenship and Immigration Services under the Department of Homeland Security.
Ruth Obih, 3INVEST’s CEO, explains further that the programme 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.
Obih recalls that in 2010, Houston EB5 tapped into a federal programme targeting wealthy foreigners to fund their real estate projects which included a $70 million residential tower in the vibrant Houston Galleria area called Astoria and a $48 million 8-storey, 240-unit apartment building in the heart of downtown Houston called Block 384.
The fund raise for Astoria, according to her, was completed with $30 million from EB5 investors while the raise for Block 384 was completed with $12 million from same source, adding, “Houston EB5 boasts 100 percent success rate on Green Card approvals and because of this success, they have started raising funds for Marlowe—a luxury residential tower”.
Like previous Houston EB5 projects, Marlowe has received great support from the City of Houston and a ‘TEA’ designation has been assigned to the project, lowering the minimum investment amount to $500,000 as opposed to $1,000,000.
Acho Azuike, the managing director of Houston EB5 Regional Center, noted that majority of the investors Houston EB5 has recorded from its previous projects were from Mexico and other Latin American countries with Nigeria close behind.
“For future projects, we plan to attract more investors from Nigeria because they have comprised a large part of our past developments. Nigerians are familiar with the Houston area already and we now have a track record of success because of our Astoria and Block 384 projects”, he assured.
CHUKA UROKO