International Focus Magazine Vol. 1, #5 | Page 30

Over the last 5 years, Houston EB5 has successfully raised capital for their projects: a $74 million residential tower in the vibrant Houston Galleria area, called Astoria; and a $51 million 8-story, 240-unit apartment building in the heart of downtown Houston called Eighteen25. The raise for Astoria was completed with investors from Latin America, Europe, Asia, and Africa. Houston EB5 boasts a 100% success rate on Green Card approvals for all its EB5 investors. With this success, Houston EB5 has now completed their third raise for Marlowe, a luxury residential tower in downtown Houston. In 2011, Houston EB5 tapped the EB-5 federal program targeting foreigners to fund their real estate projects by establishing a Regional Center. An EB-5 Regional Center is an organization designated by 30 iF Magazine | NOVEMBER 2016