EB5 Capital – VNIS Investment’s EB-5 partner is pleased to announce two new offerings available to prospective EB-5 investors. Both deals are with repeat developers who have extensive experience with EB-5 financing.
San Luis Obispo Marriott Hotels (JF31) is the development of a dual-branded Residence Inn and SpringHill Suites Marriott hotel. San Luis Obispo is a popular tourist destination, known for its historic architecture, hospitality, and hundreds of wineries in the region. The city is situated almost exactly in between Los Angeles and San Francisco, along the well-traveled U.S. Route 101. This is EB5 Capital’s sixth partnership with developer Huntington Hotel Group, a member of Marriott’s Partnership Circle.
Addison Row (JF32) is the development of a 327-unit apartment building in Capitol Heights, Maryland, a suburb of Washington, DC. The project is the second phase of a master-planned development situated four metro stops from Capitol Hill, home to the legislative and judicial branches of the federal government. This is EB5 Capital’s 19th EB-5 project in the Washington, DC area. It is also the fifth partnership with Douglas Development Corporation, one of the most widely recognized developers in the DC region.
To request more information on these deals, please contact VNIS Investment.
300 M (JF17) and 1800 Half Street (JF29) Open
On October 1, new residents began moving into two of EB5 Capital’s multifamily developments in Washington, DC. Over a dozen leases in each property have already been signed for 300 M (JF17) and for 1800 Half Street (JF29), properties on opposite sides of the city. EB5 Capital raised a total of $33.5 million from 64 investors across both projects.
Rental apartments in Washington, DC, continue to be in high demand and rental rates are up 10% on a year-over-year basis. Over 35% of DC-area residents live in apartments, a share that continues to grow as the for-sale housing market prices keep climbing, forcing potential homebuyers to rent for longer periods of time.
California Hotel Exceeds Projections
Two hours south of EB5 Capital’s current offering (JF31), LA Agoura Hills Marriott Hotels (JF19) outperformed expectations this year. This dual-branded Courtyard and TownePlace Suites opened in the summer of 2020 in the midst of the COVID-19 pandemic and its strong performance is an example of the hospitality industry’s recovery success in several leisure markets across California. In this post-pandemic period with people yearning to travel, leisure has led the rebound ahead of corporate travel.
Many EB-5 investors in JF19 are in the final stages of their immigration process.