Today, the McAllen EB-5 Regional Center announced a unique collaboration with Houston EB5, in which the McAllen’s EB-5 Regional Center and Houston EB5 will co-market the EB-5 program to potential foreign investors in the South Texas market. On the back of the McAllen EB-5 Regional Center’s Cambria Hotel project, McAllen EB-5 continues to receive interest in EB-5 investment and is working to develop and certify future projects that are ideal for the continued growth of McAllen’s landscape.
“This partnership is a win-win-win for not only McAllen and Houston, but also, the United States as we will all reap the benefit of foreign investor connections that will continue to grow and shape our economies,” said McAllen’s EB-5 Regional Center President Roel “Roy” Rodriguez, P.E. “This collaboration is important for McAllen because it keeps the McAllen EB-5 Regional Center top of mind to potential investors seeking to emigrate to the U.S.”
The McAllen EB-5 Regional Center is often contacted by foreign investors, particularly Mexican citizens, wanting to participate in this great federal program with a proven path to citizenship. According to McAllen Mayor Jim Darling, this collaboration is important because of the strong ties Mexican citizens have to McAllen.
“This collaboration serves Mexican citizens wanting opportunities to invest in our community, a location and place that they know and trust, while gaining citizenship, to see other investment opportunities,” added Mayor Darling.
“Houston EB5 is excited to collaborate with the McAllen EB-5 Regional Center in promoting the most iconic EB-5 project in Texas, The Allen,” said Emilio Guzmán, Executive Vice President and Chief Investor Relations. “This new collaboration with the McAllen EB-5 Regional Center will create a great forum for Houston EB5 to connect with potential investors seeking permanent residency in the U.S.A. through the EB-5 program, hence giving the opportunity to many families to achieve their American dream.”
The employment-based fifth preference category visa program, or EB-5 as it is now known, was created by Congress in 1990 to foster economic development through foreign investment creating jobs for U.S. workers and infusing new capital into the U.S. economy. This federal immigration program allows qualified foreign investors to gain permanent residency for themselves and their families through investing in a regional center in the United States. The program is an excellent opportunity for foreign investors seeking to live, work or retire anywhere in the United States.
McAllen created its own EB-5 Regional Center in 2012 and is managed as a separate entity of the City of McAllen with McAllen City Manager as the president and the McAllen City Commission as its board. Since its inception, the McAllen EB-5 has developed the Cambria Hotel, a 121-suite hotel that opened in 2016. The property was developed by Choice Hotels International, one of the world’s largest hotel companies, O’Reily Hospitality Management Company, Hankin Enterprises and Fulcrum Management.
Houston EB5 is a subsidiary of DC Partners, an award-winning real estate development and investment firm with the financial strength and expertise to complete assets of all sizes and types. Houston EB5 effectively guides investors seeking a secure path and peace of mind to permanent residency by providing opportunities to co-invest in award winning landmark projects with successful returns. Certified by United States Citizenship and Immigration Services (USCIS) as an EB-5 Regional Center, Houston EB5 has more than 25 years of real estate experience. Houston EB5 and DC Partners work in partnership with industry experts to develop high-quality residential high-rise, mid-rise, mixed-use and suburban projects, including The Allen, Arabella, Astoria, District Lofts, Eighteen25, Marlowe, and Thompson San Antonio. For more information, please visit, https://www.houstoneb5.com/.