DALLAS, July 30, 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 Washington, D.C. 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 fifteen counties within the Washington, D.C. region.
Encore Global will develop, construct, operate and manage commercial real estate projects in the counties of Anne Arundel and Baltimore (within Maryland); the counties of Arlington, Chesapeake, Chesterfield, Fairfax, Fairfax City,Falls Church, Fredericksburg, Hampton, Hanover, Henrico, James City, Manassa, and Manassa Park (within Virginia); and in Washington, D.C. (within the District of Columbia). These projects include office buildings, neighborhood shopping centers, hotels, multi-family residential properties, healthcare facilities, and entertainment/recreation facilities.
“Our new USCIS approved Regional Center will promote economic growth by creating new jobs and increasing foreign capital investment in commercial real estate projects in the overall Washington, D.C. region,” said Bharat Sangani, Chairman of Encore Enterprises.
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. Encore Global owns and operates USCIS approved Regional Centers in Texas, Southern California, North Carolina,Tennessee, Maryland, Virginia and Washington, D.C. – with a focus on developing and/or funding commercial real estate projects related to retail, hospitality, multi-family, office and healthcare facilities. For more information, please visit www.EncoreEB5.com or call (214) 259-7021.