H. Ronald Klasko (Ron) discussed “Options for Developers Seeking Capital Under the EB 5 Program” at the Pennsylvania Bar Institute’s CLE Conference Center in Philadelphia, Pennsylvania.
With traditional sources of capital unavailable, the EB-5 immigrant investor program has attracted substantial interest among commercial real estate developers. Specifically, many real estate developers have chosen to form “regional centers” to attract foreign investors willing to invest $500,000 for the opportunity to obtain green cards for them and their family members. The number of regional centers has expanded to over 100 in just the last couple of years. In Pennsylvania alone, EB-5 capital has been used to help finance the Comcast Center, the Pennsylvania Convention Center expansion, the Navy Yard and countless other projects.
