immigration through investment

HOUSTON
IMMIGRATION THROUGH INVESTMENT
PROJECT SUMMARY
HOUSTON
The project will consist of approximately 240 units in an 8-story building. The plan comprises 3 floors of parking
with 5
floors of residential units above. The project site is an entire Downtown Houston city block, Block 384,
consisting of 62,500 square feet, or 1.4348 acres. The project is being developed in partnership with Allied
Realty, a Houston based multifamily developer founded in 1985.
Downtown Houston has implemented a tax incentive program to encourage residential development of the
Downtown area of Houston. The project is eligible for the program and has been approved by the Downtown Living
Initiative board. The program will provide reimbursement of 75% of the increase in property tax
revenue associated with the development up to $15,000 a unit.
PROPERTY LOCATION
The site is located in Downtown Houston near the northwest intersection of I-45 & Hwy 59. The site is within close
proximity to the Toyota Center, BBVA Compass Stadium, Minute Maid Park, Theater District and all of the downtown
entertainment and hospitality venues.
With over 800 million dollars in commercial development to be completed by 2017, the current
residential unit capacity in downtown will fall short of satisfying the ever-growing demand. For this reason the City of
Houston is welcoming needed residential projects like Block 384.
INVEST DOWNTOWN
384
EB5 INVESTMENT
Job Creation: Our economists have determined that 319 jobs will be created for this project. The economic
impacts were derived using RIMS II Houston final demand and direct effect multipliers. This is sufficient to meet the
EB5 investor jobs requirement and provides a very safe 32.9% cushion for job creation, as we are only requiring 240
jobs for this project. The site has also been approved as a TEA by The City of Houston.
Investment: EB5 investors will purchase $500,000 partnership interests in the partnership. Funds
will serve as additional equity capital to the partnership that will be deployed for hard construction costs.
EXIT STRATEGY
Up to 4% preferred return
4-5 year term
Total Project Cost: $48M
EB5 Equity
$12M
Exit strategy- sale or refinance of
multifamily complex
$29M Construction Loan
Partnership Equity
$7M
Proposed Unit Mix
22%
2 Bedroom
78%
1 Bedroom
ELEVATION
384
Notwithstanding any other information (including, without limitation, any marketing, sales, advertising, brochures, or similar information),
all prices, building design, architectural renderings, plans, amenities, features and specifications of any and all improvements to any part
of the building or property are subject to change or cancellation without notice.
4
SITE PLAN
FLOOR 8
A P L ANS 1 Bedroom
B P L ANS 2 Bedroom
A1
A1
A2
A2
A2
A2
A2
B2
POOL
A3
UPPER
ROOFTOP
DECK
A2
A2
B3
A4
A4
CLUB ROOM / FITNESS
A4
5 , 7 0 0 S Q . F T.
A4
C O U R T YA R D
A4
A4
A4
A4
B3a
B3
A2
A2
A2
A2
B4
A3
B2
A3
A1
A1
A1
A1
A2
A3
B2
FEATURES
Rooftop Pool
Rooftop Deck
Club Room / Fitness Center
Central Courtyard
Dog Park
3 Level Parking Garage
3 Elevators / 3 Stairwells
Tree Covered Sidewalks
1 and 2 Bedroom Plans
384
THE OPPORTUNITY
Houston EB5 is offering foreign investors the opportunity to:
•
Complete capitalization of the Block 384 project, a residential
8-story apartment complex in downtown Houston, Texas and an EB-5 qualified development project
•
Fast-track permanent, legal residency in the U.S. for investors and
their immediate family without the usual roadblocks and/or red tape of the traditional immigration process
•
Share in the profits of the Block 384 development
Given that real estate investments remain much safer in nature than typical
business investments—compounded with Houston’s strong economic
environment—participants in Houston EB5’s Block 384 project can expect a
more reliable and timely return on their investment.
In Houston EB5’s development, Block 384, its investors will become limited
partners and not only share in the potential profits, but have the opportunity to
obtain green cards and future citizenship for their immediate family. Each of the
Houston EB5 development projects are specifically selected because of their
high quality and attention to detail, as well as an ability to generate a significant
number of jobs.
Throughout the course of the project, the Houston EB5 team of professionals
will work diligently to provide assistance at various stages of the EB-5 Program
application process. As a partner, the Houston EB5 Team will:
•
•
•
Help answer questions throughout the EB-5 Program process
Work with immigration attorneys to assist you with your petition
Keep detailed project and investment documentation,
demonstrating that you have fulfilled all the requirements for the I-829 petition
•
Provide regular reports regarding the progress of the project, job creation data and the status of your funds
EB5 TIMELINE
Initial Process 1 to 2 Months
• Investor submits non-binding Indication of Interest agreement and Investor Suitability Questionnaire to Houston EB5.
• Pending approval, investor receives the Confidential Private Placement Memorandum.
• Investor signs and returns all documentation, including subscription agreement.
• Investor submits investment of $500,000, plus $50,000 administrative fee, to Houston EB5 escrow account.
• Investor meets with immigration attorney on I-526 application.
• Investor files I-526 visa application with The United States Citizenship & Immigration Services (USCIS).
• The USCIS provides Houston EB5 with a receipt for investor’s I-526 application.
• Upon receipt from USCIS, the $500,000 investment will be transferred to partnership account.
6 to 12 Months
•
United States Citizenship and Immigration Services grants approval of investor I-526 application.
• Upon approval investor will receive conditional green card.
21 to 24 Months
• Investor files I-829 application to remove conditional status and receive a permanent green card. Regional center must prove job creation on investor’s behalf.
2 to 4 Months
•
Once approved, conditional status of green card is removed and green card becomes permanent.
• Investor can apply for citizenship 5 years after receiving permanent green card.
DOWNTOWN
HOUSTON
RENTAL MARKET
Lead by the energy, medical, and manufacturing sectors
Houston has created the highest number of jobs out
of any U.S. city since the 2008 recession. As a result in
Percent of jobs recovered through March ’13
2013 Houston also led all U.S cities in Real GDP growth and
Houston vs. Top 10 Metros
largest numeric population growth according to the Bureau
of Economic Analysis and U.S Census Bureau, respectively.
It is this boom in industry and population that caused Price
Waterhouse Cooper and the Urban Land Institute to rank
230.5%
HO U S T O N
164.2%
DA LL A S
155.0%
WA S HI N GT O N
Houston the best U.S city for real estate investment
in 2014 in their annual Emerging Trends report.
129.0%
BOSTON
102.1%
N E W YO RK
Downtown lies at the heart of this growth and investment.
With over 800 million dollars in commercial development
MI A MI
50.0%
CHI CAG O
49.9%
to be completed by 2017, the current residential unit
capacity in downtown will fall short of satisfying the ever-
63.2%
AT L A N TA
growing demand. For this reason the City of Houston
P HI L A DE LP HI A
43.8%
is welcoming residential projects like Block 384 with a
LO S A N G E LE S
43.0%
Source: U.S. Bureau of Labor Statistics
$15,000 tax credit per unit built. Ultimately Block 384
100%
won’t just be a good project located in a great market, it will
G RE AT E R HO U S T O N PA RT N E RS HI P
houston.org
be a necessary project located in a great market.
For more information, please visit www.HoustonDowntownAlliance.org
COMPARABLE
EFFECTIVE
RENTS $1,400
at 550 sq.ft.
$2,600
at 1,350 sq.ft.
OCCUPANCY OF SURROUNDING APARTMENTS
96%
99%
99%
2222 Smith Street
City Place Midtown
One Park Place
96%
93%
96%
Camden Midtown
Houston House
Post Midtown Square
98%
95%
98%
Camden Travis
Metro Midtown
Post Rice Lofts
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162.
163.
164.
165.
1001 McKinney
1010 Lamar
1100 Louisiana
1111 Fannin
1111 Louisiana
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177.
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600 Jefferson
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500 Jefferson
AT&T Building
600
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600
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601
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Communications
608
Fannin of America
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712
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CVS Texas
Midtown
717
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801
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ExxonMobil Building
811
Louisiana
Fulbright
Tower
919
GreatMilam
Southwest Building
HeritageBank
Plaza Building
Amegy
Hess Tower Building
Americana
KBR Tower
AT&T
Building
Kiam Building
Bank
of America Center
Kinder Morgan Building
BG
Place
Lee Group
P. Brown
METRO Administration
Binz
Lyric Building
Centre
Communications
of America
LyondellBasell Tower
Melrose Exchange
Building Building
Cotton
MMI Agency
Building
CVS
Midtown
NRG Tower
Esperson
One Allen Center
ExxonMobil
Building
One City Centre
Fulbright
Tower
One Shell Plaza
Great
Southwest
Building
Pennzoil
Place
Heritage
Randall's Plaza
Republic
Building
Hess
Tower
Scanlan
Building
KBR
Tower
State National Bank Building
Kiam
Building
Three Allen Center
Kinder
Morgan Building
Total Plaza
Lee
Brown METRO Administration
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Lyric
Centre
Two Allen
Center
LyondellBasell Tower
Melrose Building
MMI Agency Building
NRG Tower
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The Shops at Houston Center
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Points of Interest
eorge R. Brown Convention Center
eenStreet
eyhound Bus Station
alliburton Plaza
ouston Permitting Center
Capito
Ruiz
146
95
56
144
4
247
ney
133. Holiday Inn Express
90.
Sterrett Street Studios
45.
Harris County Jury Assembly
Web
ster
1.
Allen's Landing
134.78 Hotel Icon
91.
Sunset Coffee Building
46.
Juvenile Justice Center
2.
Alley Theatre
135. Houston House Apartments
92.
Tellepsen Family YMCA
47.
Hobby Center for the Performing Arts
3.
Amtrak Station
136. Hyatt Regency Houston
93.
Toyota Center
48.
Hogan-Allnoch Building
4.
Annunciation Catholic Church
137. Inn at the Ballpark
94.
Tranquillity Park
49.
Houston Ballet Center for Dance
5.
Archdiocese of Galveston-Houston
138. J.W. Marriott (U/C)
95.
Union Station
50.
Houston Chronicle
Hadle
y
6.
Bayou Place
139. Keystone Lofts
51.
Houston Fire Station
#8
UH–Downtown
7.
BBVA Compass Stadium
140. Lancaster Hotel
52.
Houston International Promenade
96.
Commerce St. Building
8.
Bob Casey Federal Courthouse
141. Lofts at the Ballpark
53.
Houston Press
One Main Building
C
D Lanier Public EWorks Building F 54. Houston
G Studios H
I 97.
J
K
L
N
9.
Bob
142.
Londale M
98.
Shea St. Building
10.
Cathedral Centre
143. Magnolia Hotel
55.
Houston Technology Center
99.
Willow St. Pump Station
11.
Central
Library
144.
Marriott
Marquis
(planned)
56.
Incarnate
Word
Academy
of Interest
100.
Customs House
133. Holiday Inn Express
90.
Sterrett
StreetU.S.
Studios
45.
Harris County Jury Assembly
12.
Christ Church Cathedral
145. Marriott Residence Inn
57.
Islamic Da'wah Center
Post Office - Downtown 134. Hotel Icon
en's Landing
91.
Sunset101.
CoffeeU.S.
Building
46.
Juvenile Justice
13.
Church of Christ, Scientist
146. New Hope Housing
58.Center
James Bute Park
102.
Vine
Street
Studios
ey Theatre
135. Houston
House
Apartments
92.
Tellepsen Family YMCA
47.
Hobby Center59.
for theJones
Performing
Arts
14.
City Hall
147. One
Park Place
Hall
103. Wortham Theater Center
mtrak Station
136. Hyatt
Houston
93.
Toyota Center
Hogan-Allnoch
15.
City Hall Annex 48.
148. Regency
Plaza & Peacock
Apartments
60.Building
Jones Plaza
16.Church
City of Houston Police
149.at the
Post
Midtown Square Apartments
61.Center
Julia
Library
nnunciation Catholic
137. Inn
Ballpark
94.
Tranquillity
Parkand Multi-Family
49. Admin.
Houston Ballet
forIdeson
Dance
Hotels
17.
Co-Cathedral
of
the
Sacred
Heart
150.
Post
Rice
Lofts
62.
Magnolia
Brewery
Building
chdiocese of Galveston-Houston
138. J.W. Marriott (U/C)
95.
Union Station
50.
Houston Chronicle
104. 500 Crawford (U/C)
18.
Corporate Outfitters
151. Sabine Street Lofts
ayou Place
51.
Houston Fire 63.
StationMain
#8 Street Square
105. 1111 Rusk/Old Texaco Building139. Keystone Lofts
UH–Downtown
19.
Disaster Housing Assistance Prog.
152. The Sam Houston Hotel
64.
Market Square Clock Tower
106. 1414 Congress
BVA Compass Stadium
140. Lancaster
Hotel
52.
Houston International
Promenade
20.
Discovery Green
153. SkyHouse Houston (U/C)
65.
Market Square Park
96.
Commerce
St.2016
Building
Main
107.
ob Casey Federal Courthouse
141. Lofts
the Ballpark
53.
Houston Press
21.
Downtown Aquarium
154. atSpringHill
Suites (planned)
66.
Midtown Park
97.
One Main
108.Building
2222 Smith Apartments
ob Lanier Public Works
142. Londale
22. Building
Downtown Club at54.
the Met Houston Studios
155.
San
Jacinto Lofts
67.
Mickey Leland Federal Building
98.
Shea St.
Building
109.
Athens Hotel Suites
Downtown Transit55.
Center Houston Technology
156. St. Hotel
Germain Lofts & Condos
68.
Minute
athedral Centre 23.
143.
Magnolia
CenterMaid Park
Bayou
Lofts
99.
Willow 110.
St. Pump
Station
24.
Dunn Outreach Center
157. Tennison Lofts
69.Academy
Municipal Courts
entral Library
56.
Incarnate Word
111. Beaconsfield Condominiums 144. Marriott Marquis (planned)
25.
Eleanor Tinsley Park
158. William
Street Inn
Lofts
70.Center
Root Memorial Square 100. U.S. Customs House
hrist Church Cathedral
145. Marriott
Residence
57.
Islamic Da'wah
112.Office
Block
334 (planned)
101. U.S. Post
- Downtown
26.
Episcopal Diocese of Texas
71.
Sabine Promenade
113. Camden City Centre
hurch of Christ, Scientist
146. New
Hope Housing
58.
James Bute Park
Commercial
Buildings
27.
Federal Detention Center
72.
Saint Arnold Brewing Co. 102. Vine Street Studios
114.
Camden
Midtown
Apartments
ty Hall
147. One
Place
59. Church
Jones Hall 73.
28.
First United Methodist
159. Park
1000
Main
Sam Houston Park/Heritage
103.Society
Wortham
Center
115.Theater
Capitol
Lofts
ty Hall Annex
148. Plaza
Peacock
29.
Fonde Community60.
Center Jones Plaza 74.
160. &1001
FanninApartments
Sesquicentennial Park
116. City View Lofts
ty of Houston Police
149. Post
Square Apartments
61.
Julia
Ideson Library
30.Admin.
George R. Brown Convention
Center
161. Midtown
1001 McKinney
75.
The Shops at Houston Center
Hotels and117.
Multi-Family
Club Quarters Hotel
162. Rice
1010
Lamar
76. Building
Shrine of the Sacred Heart
o-Cathedral of the31.
SacredGreenStreet
Heart
150. Post
Lofts
62.
Magnolia Brewery
118. Commerce
104. 500 Crawford
(U/C) Towers
Greyhound Bus Station
163. 1100
Louisiana
77.
South Texas College of Law
orporate Outfitters32.
151.
Sabine
Street
Lofts
63.
Main Street Square
119. Courtyard by Marriott
105.
33.
Halliburton
164. Sam
1111
Fannin Hotel
78.ClockSt.Tower
John's United Methodist
Church1111 Rusk/Old Texaco Building
saster Housing Assistance
Prog. Plaza 64.
152. The
Houston
Market Square
120. Crowne Plaza - Downtown
106. 1414 Congress
34.
Houston Permitting Center
165. 1111 Louisiana
St.
Joseph
Medical
Center
121.
D'George
scovery Green
153. SkyHouse
Houston (U/C)
65.
Market Square Park
166. 1300 Main
107. 2016 Main
122. Dakota Lofts
Convent
owntown AquariumHarris County
154. SpringHill
Suites
(planned)
66.
Midtown Park79.
167. 1301
Fannin
35.Met 1910 Courthouse67.
123. Apartments
Doubletree Hotel Allen Center 155. San Jacinto Lofts
80.Federal
Cullen
Family Building 108. 2222 Smith
owntown Club at the
Mickey Leland
Building
168.
1400
Smith
Hotel Suites
36.
701 San Jacinto Jail
The Edge Condominiums
81.
George W. Strake Building109. Athens124.
owntown Transit Center
156. St.
& Condos
68.
Minute Maid Park
169.Germain
1500 Lofts
Louisiana
37.
Administration Building
82.
Medical Place 1
110. Bayou 125.
Lofts Eller Wagon Works
170. 1600
Louisiana (planned)
unn Outreach Center
157. Tennison
Lofts
38.
Anderson Clayton 69.
Building Municipal Courts
126. Condominiums
Embassy Suites Hotel
83.
Parking Garage
111. Beaconsfield
171. 1600
Smith
eanor Tinsley Park39.
158. William
Street
Lofts
Root Memorial
Baker Street Jail 70.
127. (planned)
Four Seasons Hotel/Place
84.Square
Sisters of Charity Park 112. Block 334
172. 2 Houston Center
piscopal Diocese of40.TexasCivil Courthouse 71.
Sabine Promenade
128. Franklin Lofts
85.
Susan K. Strake Building
113. Camden City Centre
173. 4 Houston
Center
Commercial
Buildings
41.
Congress Plaza 72.
129. Hermann Lofts
Joseph Pavilion
deral Detention Center
Saint Arnold 86.
BrewingSt.Co.
174. 402 Main
114. Camden
Midtown
Apartments
42.
Courthouse
Annex
2
130.
Herrin
Lofts
87.
Women's
Center
rst United Methodist Church
159. 1000
Main
73.
Sam Houston Park/Heritage Society
175.
5
Houston
Center
115. Capitol131.
Lofts Hilton Americas - Houston
43.
Criminal Justice Center
88.
St. Joseph Professional Building
nde Community Center
160. 1001
74.
Sesquicentennial
Park
176. Fannin
500 Fannin
116. City View
44.
Family Law Center
132.Lofts
Holiday Inn (U/C)
89.
Star of Hope
114
137
116
D
33
4
201
241
Bell
82
Parkwa
Hadle
F
137
89
146
68
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104
256
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205
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135
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126
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LaB
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242
187
153
205
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121
106
Rusk
147
173
109
Preston
Rusk
175
Frankli
246
260 Texas
175
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106
42
256
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223 48
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1301 Fannin Garage
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CenterPoint Energy Substations
1100 Smith Garage
238. 227.
Downtown
239. 228.
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240. 229.
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1400 Louisiana Garage
241. 230.
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242. Central Square
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243. ExxonMobil Garage
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Garage
244. 232.
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at 1200
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245. 233.
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246. 234.
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Garage
777 Clay
Garage
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801 St. Joseph Parkway
248. 236.
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Garage Garage
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249. Houston Center Garage I
237. Alley Theatre Garage
250. JP Morgan Chase Daycare
251. CenterPoint
KBR Tower Garage
Energy Substations
252. 238.
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253. Met Garage
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254. METRO Bus Storage Facility
Gable
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255. 240.
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Garage
256. 241.
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257. 242.
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259. 244.
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Garage at 1200 Lamar
260. 245.
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U
HOUSTON, TEXAS
Texas is the second most populous state in the United States. Its economy
is the second biggest in the United States and the 13th biggest in the
world. Houston is the largest city in Texas and the 4th largest city in the
United States.
Houston is the home of NASA (National Aeronautics and Space
Administration). All mission control and training takes place in NASA’s
Houston Headquaters.
Home to more than 5,000 energy related firms. Houston is considered by
many as the Energy Capital of the world.
24 U.S Fortune 500 companies are headquartered in Houston; only
New York City is home to more Fortune 500 headquarters in the U.S.
Houston ranks #7 in the world with most number of Global Fortune 500
headquarters. (Source : Fortune Magazine and CNN (2013) )
The Port of Houston ranks first in the United States in international
waterborne tonnage handled and second in total cargo tonnage handled.
It is the tenth largest port in the world. In 2013 the U.S. Department of
Commerce, International Trade Administration recorded Houston as being
the top export city in the US.
Just a light rail ride from Downtown, Texas Medical Center is home to the
largest concentration of researchers, physicians and medical professionals
in the world. More than 4.8-million patients visit the center’s 49 medical
research and academic institutions each year. It performs more heart
surgeries than any city in the world and US News and World Report
consistently ranks its MD Anderson Cancer Center #1 in the world in
cancer research and treatment. Other esteemed facilities include Texas
Children’s Hospital and Baylor College of Medicine. The area will continue
to grow, as new hospitals, clinics, research centers and office spaces—
totaling more than $7-billion—are currently being planned.
Houston is home to several universities. Rice University is perennially
#17 overall university with Baylor College of Medicine ranking top 15 in
medicine and the University of Houston ranking top 3 in entrepreneurship
and hotel management.
With 22 acres of park space per 1,000 residents (National average 12.4
acres) Houston residents have many opportunities to lead a healthy and
active outdoor lifestyle. Memorial park and George Bush Cullen Park both
host State protected Nature reserves with walking and biking trails. The
City is currently undertaking a 58 million dollar renovation of the Buffalo
Bayou Park river system that runs through the city.
Recently named by the New York Times and The Kinder Institute of Urban
Research of Rice University as the mot culturally diverse city in America,
Houston represents the American way of welcoming immigrants of diverse
backgrounds and cultures. Not only is Houston America’s gateway to Latin
America, its Chinatown is geographically the largest in America. Houston
is also unique in that it hosts a Vietnam town and Little India.
IMPORTANT DOCUMENTS
HOUSTON
!
!
!
!
AGREEMENT OF LIMITED PARTNERSHIP
OF
DOWNTOWN BLOCK LIMITED PARTNERSHIP
A TEXAS LIMITED PARTNERSHIP
!
Dated effective [
!
], 2014
THE PARTNERSHIP INTERESTS OF Downtown Block Limited Partnership (THE
“PARTNERSHIP INTERESTS”) HAVE NOT BEEN REGISTERED UNDER THE U.S.
SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE
SECURITIES LAWS OF ANY STATE OR FOREIGN JURISDICTION IN RELIANCE UPON
EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT
AND SUCH OTHER LAWS. THE PARTNERSHIP INTERESTS MUST BE ACQUIRED FOR
INVESTMENT ONLY AND MAY NOT BE OFFERED FOR SALE, PLEDGED,
HYPOTHECATED, SOLD, ASSIGNED OR TRANSFERRED AT ANY TIME EXCEPT IN
COMPLIANCE WITH THE SECURITIES ACT AND ANY APPLICABLE STATE OR
FOREIGN SECURITIES LAWS. THEREFORE, PURCHASERS OF THE PARTNERSHIP
INTERESTS WILL BE REQUIRED TO BEAR THE RISK OF THEIR INVESTMENT FOR
AN INDEFINITE PERIOD OF TIME.
THE PARTNERSHIP INTERESTS ARE ADDITIONALLY SUBJECT TO THE
RESTRICTIONS ON TRANSFER AND OTHER TERMS AND CONDITIONS SET FORTH
IN ARTICLE VIII OF THIS AGREEMENT AND MAY NOT BE OFFERED FOR SALE,
SOLD, OR OTHERWISE TRANSFERRED AT ANY TIME EXCEPT IN COMPLIANCE
WITH THE TERMS AND CONDITIONS THEREOF.
!
!
USCIS Regional Center
Approval Letter
Green Bank Escrow Agreement
City of Houston Support Letter
Project TEA Letter
!
Limited Partnership Agreement
ALLIED REALTY
Allied Realty is a leading fully-integrated, multi-family real estate investment and development firm headquartered in Houston,
Texas, with an additional office in Denver, Colorado. Founded in 1985, Allied Realty has a proven track-record of identifying,
evaluating and executing successful multi-family development and acquisition investments on behalf of its investor partners.
These partners have all received positive returns and include leading institutional investors, family trusts and private individuals.
Allied Realty pursues a range of multi-family real estate investments that offer investors the opportunity for maximizing riskadjusted returns, with a strong focus on capital preservation. This is accomplished by developing projects for a target population
to quickly achieve rent stabilization. Upon stabilization, normally 3-5years after construction, the typical Allied project will be sold
in whole to an institutional investor. Allied has targeted institutional investors who value projects with stable income generation
and stable value added potential. These institutional buyers are typically pension funds, Education funds, Banks, and REITs.
Previous buyers include CBRE, General Electric, and TA Associates.
Why do these big financial institutions need to purchase such kind of Allied Realty projects? The reason is quite simple: they
raise a lot of money each year, and they need stable projects which can generate solid cash flow to pay interest to their investors.
Projects of this type make up a significant component of the investment portfolios of many financial institutions, as it is impossible
to get monthly returns from solely developing new projects. As a leading developer in this specific market, Allied Realty has
several decades of practical experience and has established a mature operation model and reputation that is trusted by banks
and financial institutions. In total Allied Realty and its investment partners have successfully and profitably acquired or developed
more than 13,000 multi-family units with a total aggregate value of approximately $1.1 billion.
Historical Investment Returns
(2000 - 2013)
CIT Y
S TAT E
ACQUISITION/
DEVELOP MENT
UNITS
BEGIN
DATE
S A LE
DATE
I RR
MU LT I P LE
T O TA L
CO S T
S A LE S
P RI CE
B U YE R
The Retreat at
the Woodlands
The
Woodlands
TX
Development
240
6.7.11
10.31.13
75.40%
3.858
$23,200,000
$41,750,000
CBRE Global
Investors
The Retreat at
Cinco Ranch
Houston
TX
Development
268
6.29.07
7.15.10
22.30%
1.847
$23,300,000
$26,250,000
JRK
Investors
2125 Yale
Houston
TX
Development
195
7.1.06
12.14.12
15.07%
2.476
$29,075,000
$35,100,000
Simpson
Housing
The Retreat at
the Park
Denver
CO
Development
240
8.5.04
1.17.07
30.71%
1.928
$38,675,000
$45,800,000
General
Electric
The Retreat at
Cypress Station
Houston
TX
Development
296
3.1.04
8.24.07
29.55%
2.463
$20,500,000
$26,500,000
TA
Associates
Edgewater
Lake
Jackson
TX
Development
228
3.1.04
7.13.07
16.38%
1.667
$16,500,000
$18,700,000
Alliance
Holdings
The Retreat at
Westpark
Houston
TX
Development
156
2.1.04
11.1.05
31.11%
1.607
$12,000,000
$13,450,000
Francis
Properties
The Retreat at
Speedway
Tucson
AZ
Development
304
3.1.01
8.1.03
36.14%
2.109
$17,955,636
$21,880,000
Management
Solutions
Greenbriar
Chateau
Houston
TX
Acquisition
145
1.1.01
9.30.03
27.64%
1.954
$7,350,000
$8,800,000
FSC Realty
The Retreat at
Westcliff
Westminister
CO
Development
372
8.1.00
8.1.04
10.37%
1.484
$40,025,000
$43,900,000
AMLI
Residential
The Retreat at
Westchase
Houston
TX
Development
162
12.1.99
3.9.07
18.24%
3.382
$10,930,000
$14,969,000
Southern
Utes
The Retreat at
the Heights
Aurora
CO
Development
394
12.1.99
8.1.02
28.36%
1.947
$30,535,000
$36,880,000
Larimar
Group
Stonebridge at
Twin Peaks
Denver
CO
Development
172
2.1.97
8.1.06
18.54%
2.370
$13,455,000
$18,490,000
Asher
Investments
Legacy Park
Houston
TX
Development
304
7.1.94
6.28.05
12.54%
3.667
$12,440,000
$19,000,000
TA
Associates
PRO PE R T Y
TOTAL
Weighted
Average IRR
3,476
$295,940,636
27.63%
ABOUT THE HOUSTON EB5 TEAM
Houston EB5 was founded in 2010 for the purpose of helping foreign investors receive permanent residency
in the United States, in return for making a qualified real estate investment in Block 384—an EB-5 Regional
Center opportunity located in Downtown Houston.
With more than 25 years of real estate experience, the Houston EB5 team works to develop high quality
residential high-rise, mid-rise, mixed use and suburban projects. Through the years, the organization has and
continues to partner with industry experts, while also demonstrating long-term financial strength that enables
Houston EB5 to consistently deliver world-class projects. Houston EB5 has recently completed a successful
raise of $29M for its Astoria Project, a luxury high rise condominium project in Houston, TX. The project is
currently under construction and slated for completion late 2015. We currently have a 100% success rate on
I526 approvals for that project.
R O B E R T O C O N T R E R A S, Principal
Contreras has owned several highly successful
businesses and received national and
international recognition including Ernst and
Young’s entrepreneur of the year award in
2002; Time Magazines Visions of Tomorrow,
and in 2005 his company Cosentino USA was
recognized by INC. 500 as one of the top 50
fastest growing private companies in the USA.
Contreras recently founded St. Christopher
Holdings, a Private Equity firm that has invested
over for large or majority stakes in 9 companies
valued at over 125M.
R A N D A L L D A V I S, Principal
Davis is a Pioneer of Houston’s mid and highrise condo living. At 42 completed project’s
estimated at a value of over 1.2 billion Davis
has completed more hi-rise buildings than any
developer in Texas. He has forged a reputation
for sold-out, highly sought after residences
that are unparalleled in design and concept.
His developments in Houston and other
areas include Renoir, Gotham, Metropolis,
Cosmopolitan, Hotel Icon, St. Germain and
Metropolis Las Vegas.
A C H O A Z U I K E , Managing Director
Acho Azuike is the Managing Director of Houston EB-5. He is responsible for general
management of the regional center. Mr. Azuike oversees the identification and evaluation
of potential investments that meet EB-5 program criteria. He manages Houston EB-5’s
compliance with all EB-5 Program requirements, including reporting to the US Citizenship
and Immigration Service as well as compliance with all relevant securities laws and
regulations. Mr. Azuike has over 10 years of experience in the real estate industry with
experiences ranging from real estate finance to real estate development. Mr. Azuike has
also worked at companies such as Hines and Midway Companies in Houston, TX where he
worked on development projects ranging from the development of LEED Certified Class A
office buildings to $500M mixed use development projects.
E M I L I O G U Z M Á N , Chief Investor Relations
Emilio Guzmán is Chief Investor Relations for Houston EB-5. As Chef Investor Relations Mr
Guzmán is , responsible for the strategic client management communication, marketing and
investment compliance to enable the most effective business relation between investors and
company. Mr. Guzmán brings over 18 years of combined experience in real estate investment
markets to his recently appointed position as Chief Investor Relations for Houston EB5
Regional Center. Mr. Guzmán previously worked with Colliers International in the Houston
office heading the International Services Group, representing international clients and private
equity funds in commercial real estate cross-border transactions interested to do business in
the USA and Latin America.
CONSULTANCY TEAM
C H A R L E S F O S T E R , Legal Counsel
Foster Quan is the nation’s second largest immigration law firm. With clientele including
International Superstar Yao Ming, Foster Quan is well recognized for providing top quality
legal services to its clients. Houston EB5 has selected cochairman Charles Foster to
represent foreign investors participating in the Block 384 Regional Center Program. Charles
is ex president of the American Immigration Lawyers Association and currently sits on its
board. He is also the Chairman of the Texas Asian Society.
A M B A S S A D O R E D U A R D O A G U I R R E , Legal Counsel and Head Consultant
Aguirre is the CEO of Atlantic Partners Co LLC, an international consulting group.
Ambassador Aguirre held three senior level executive positions for 71/2 years during the
President George W. Bush Administration. In addition to US Ambassador to Spain (20052009), he served for 2 ½ years, as the first Director of U.S. Citizenship and Immigration
Services (USCIS). Ambassador Aguirre has been a great resource of information as well as
representation between Houston EB5, its clients and the USCIS.
Contact us for a private consultation with our team:
Emilio Guzmán
Chief Investor Relations
[email protected]
Acho Azuike
Managing Director
[email protected]
Roberto Contreras, IV
Director, East Asia
[email protected]
101 Parklane Boulevard, Suite 202 Sugarland, Texas 77478 | United States
phone 281.565.1067
北京市朝阳区工体北路三里屯 SOHOA 座 603 | China, Beijing
phone 156.5270.7743
www.houstoneb5.com
Allied Realty
1455 West Loop South, Suite 800 Houston, Texas 77027 | United States
phone 713.622.4949 fax 713.622.4762
www.alliedrealty.com