Monday, July 15, 2024

SF Gateway Marriott Foreign Investors Achieve Conditional Green Card Approvals: A Step Forward in their Journey to U.S. Residency


Foreign Investors in SF Gateway Marriott (JF27) Project Obtain Conditional Green Card Approvals | Business Upturn

EB5 Capital proudly announces the receipt of a significant batch of individual I-526 and I-526E petition approvals for investors in the SF Gateway Marriott (JF27) project, marking a pivotal advancement in these investors’ journey towards U.S. residency. Achieving an I-526/I-526E approval empowers the investor and their immediate family members with conditional permanent residency in the United States, heralding a new chapter of opportunity.

Over the years, EB5 Capital has diligently worked to secure foreign investor funds for around 40 EB-5 projects across the United States, witnessing considerable success with half a dozen hotel ventures in California. The SF Gateway Marriott (JF27) project, nestled in Millbrae, California, stands as a beacon of this success. This $300 million mixed-use development, also recognized as Gateway at Millbrae Station, seamlessly blends 400 apartment units with 200,000 square feet of commercial space, contributing significantly to the suburban San Francisco landscape in San Mateo County. The project, which brought the Residence Inn-brand under its wing, was predominantly funded by 60 foreign investors from diverse nationalities, enhancing its financial structure. With its doors having opened in early 2023, the development has been instrumental in generating over 800 jobs, thereby exceeding the job creation requirements set by the EB-5 program.

Molly FitzGerald, the Director of Investor Communications and Engagement at EB5 Capital, shared her enthusiasm, noting the patience and persistence of their clients, especially those who initiated their filing with USCIS before the pandemic struck in late 2019. With these approvals, investors can eagerly anticipate the next stages of their immigration process, moving a step closer to achieving permanent residency in the United States. EB5 Capital remains committed to supporting their clients through the final leg of their immigration journey at the I-829 stage, ensuring all requirements are met to transition from conditional to permanent residency.

EB5 Capital, headquartered in Washington, DC, has established itself as a front-runner in offering qualified foreign investors avenues to invest in commercial real estate projects that generate substantial job growth, through the United States Immigrant Investor Program (EB-5 Visa Program). With a robust track record and reputation for leadership in the sector, EB5 Capital has attracted investors from over 75 countries, amassing more than $1 billion of foreign capital across approximately 40 EB-5 projects. Their steadfast diligence ensures that 100% of investor funds benefit from Federal Deposit Insurance Corporation (FDIC) insurance protection prior to their strategic deployment into promising projects.

This milestone for the SF Gateway Marriott (JF27) project serves not only as a testament to the enduring partnership between EB5 Capital and its esteemed investors but also underscores the program’s significant impact on job creation in the United States. As more I-526/I-526E approvals are anticipated in the near future, EB5 Capital is excited to continue fostering growth, opportunity, and prosperity for foreign investors and their families seeking to call the United States their new home.

Natalie Kimura
Natalie Kimura
Natalie Kimura is a business correspondent known for her in-depth interviews and feature articles. With a background in International Business and a passion for global economic affairs, Natalie has traveled extensively, providing her with a unique perspective on international trade and global market dynamics. She started her career in Tokyo, contributing to various financial journals, and later moved to London to expand her expertise in European markets. Natalie's expertise lies in international trade agreements, foreign investment patterns, and economic policy analysis.

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