DALLAS, May 14, 2014 — Encore Global Investment Management, LLC, a division of Dallas-based Encore Enterprises, Inc., has received approval for four new Regional Centers in its EB-5 network, including New York/New Jersey, Colorado, Texas, and Boston. This is in addition to the existing regional centers of Alabama-Florida,Colorado, Louisiana, Mississippi, Nashville, Raleigh-Durham, and Southern California.
“This is a significant milestone for Encore Global. We now have the largest number of Regional Centers in the United States,” said Shae Armstrong, Legal Counsel of Encore Global.
The EB-5 Immigrant Visa Category was created by the United States Citizenship and Immigration Services (USCIS) in 1990. It provides accredited foreign persons with an opportunity to achieve conditional and permanent residency status through investment of lawfully acquired funds (at least $500,000 within a rural area or one of high unemployment, or$1,000,000 anywhere else) in a USCIS-approved Regional Center.
To qualify, each investor must directly or indirectly, through a Regional Center, create ten full-time jobs in the United States. In return, the investor may be able to obtain an EB-5 Visa, which grants permanent residency status to the investor, respective spouses, and unmarried children under 21 years of age.
“With job-creating investments already underway, these approvals are a solid step forward in our mission to connect accredited foreign persons to enterprising investment opportunities,” said Bharat Sangani, Chairman of Encore Enterprises.
The Encore Regional Center network platform was organized to attract foreign capital through the EB-5 program, with the intention of developing multiple new commercial enterprises and job-creating entities.
About Encore Global Investment Management, LLC
Encore Global Investment Management, LLC was created to provide an EB-5 investment vehicle for accredited foreign nationals seeking permanent residency status in the United States. The company focuses on developing and/or funding commercial real estate projects related to retail, hospitality, multi-family, and office facilities.
About Encore Enterprises, Inc.
Encore Enterprises, Inc. is a national real estate company with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, commercial offices, and public-private mixed use developments.
Disclaimer: Not every investment is safe, not every investment in a Regional Center will ultimately result in green card status, and not every investment will produce a profit.