DALLAS, July 18, 2013 — Encore Global Investment Management, LLC, (Encore Global) a division of the Dallas-based Encore Enterprises, Inc., plans to develop multiple real estate projects in the Raleigh / Durham area as part of its EB-5 Regional Center program.
The EB-5 Program was created by the United States Citizenship and Immigration Service (USCIS) in 1990 to provide qualified foreign individuals with an opportunity to achieve permanent U.S. residency status by investing $500,000 or$1,000,000 in a business that will benefit the U.S. economy and create at least 10 full-time qualified jobs. In exchange for this investment, the investor may obtain an EB-5 Visa, providing permanent residency status for the investor, his or her spouse, and unmarried children under 21 years of age. Encore Global has been organized to attract foreign capital through the EB-5 program, with the intention of developing multiple new commercial enterprises and job creating entities located in one or more of the four contiguous counties within the Raleigh / Durham region.
Encore Global will develop, construct, operate and manage commercial real estate projects in the counties of Durham,Johnston, Orange, Wake and in the cities of Raleigh, Cary, Durham and Chapel Hill. These projects include medical office buildings, neighborhood shopping centers, limited-service hotels, and multi-family residential properties.
“The EB-5 Program has played an important role in alternative forms of financing for real estate projects. The Encore Raleigh / Durham Regional Center is a USCIS approved regional center that provides EB-5 investor visas to qualified foreign investors,” said Bharat Sangani, Chairman of Encore Enterprises. “Encore Global will raise and deploy millions of investment dollars in the Raleigh / Durham region, creating hundreds of high-paying jobs to the benefit of local and surrounding communities.”
About Encore Global Investment Management, LLC
Encore Global Investment Management, LLC was created to provide an EB-5 investment vehicle for qualified foreigners seeking to obtain permanent residency status in the United States. Encore’s legal and finance professionals deliver full-service support for its foreign investors to guide them through the entire immigration process. The company’s industry insiders and in-house experts identify, evaluate and select commercial real estate investment projects that meet USCIS’s EB-5 requirements. These projects include: retail, hospitality, office, multi-family, medical / healthcare, institutional, industrial and manufacturing facilities. For more information, please visitwww.Encoreeb5.com or call (214) 259-7000.