A United States-based real estate investment company, Houston EB5 is once again offering potential investors, the opportunity of investing in Real Estate developments in Houston Texas.
Under the project, 3INVEST is extending its partnership with the company to raise capital for both District Lofts, Sugarland and Thompson Hotel and Residences San Antonio in the region. In addition to the prospect of a good return on investment on the project, investing in this project will qualify investors for permanent residency in the United States through the EB-5 programme.
Essentially, 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 Sugar Land 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 compliment 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 program 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-story, 242-unit apartment building in the heart of Downtown Houston called Block 384. The raise for Astoria was completed with $30M from EB5 investors and the raise for Block 384 with $12M. Houston EB5 boasts a 100% success rate on Green Card approvals and because of this success; they have now completed their third raise of $13M 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.