Recently, according to U.S. investment immigration EB-5 industry statistics, as of the 2015 fiscal year, residential projects have become a popular investment area in EB-5, highly favored by investors. The Columbus 90 Apartment Project, the only chief agent for U.S. immigration EB-5 projects in Greater China represented by Worldway, happens to belong to this category of high-quality investment areas. With its numerous advantages, this project has become a scarce rental-only apartment resource in the Manhattan concept, extremely popular in the EB-5 investment market. After its national debut last week, it has already sparked a frenzy among investors within just a few days.
The Columbus 90 Apartment Project is located at 90 Columbus Avenue in Jersey City, known as the "back garden" of Manhattan, overlooking Manhattan across the river. With convenient subway transportation nearby, it attracts many white-collar and gold-collar workers from Manhattan to reside here. This property belongs to the scarce apartment resources of the Manhattan concept, with significant appreciation potential. Even during the economic downturn in 2009, the average vacancy rate was only 5%. The developer plans to rent only, not sell, to obtain dual benefits of rental income and appreciation.
The developer of the Columbus 90 Apartment Project, Ironstate, is one of the largest privately owned real estate development companies in northeastern New Jersey. The value of the apartment and hotel projects it has participated in amounts to billions of dollars, and it is currently engaged in residential, hotel, and mixed-use residential projects worth over a billion dollars. After the project is completed and operational, EB-5 funds will only account for 10.9% of the project's market value.
David, the CEO of Ironstate, often has a precise grasp of real estate projects in New Jersey. He analyzes that in the New York and New Jersey areas, rental apartments, especially rental-only types, have very stable expected income, and strong refinancing capabilities after stable operation, making them a low-risk investment. Based on numerous successful operational experiences in the past, the expected occupancy rate for the Columbus 90 Apartment is also projected to reach 96%.
In addition, the geographical location of the Columbus 90 Apartment Project is very advantageous, just across the river from New York, with a ten-minute drive to Wall Street. As companies like JPMorgan Chase and Forbes Media expand their businesses into Jersey City, and with Manhattan rents continuously rising, more and more Manhattan workers need to rent in Jersey City, keeping the local rental market very strong.
As the deadline for U.S. investment immigration on December 11 approaches, the Columbus 90 Apartment Project, with its complete set of project documents already approved by the U.S. Immigration Bureau for I-526 samples, sufficient employment, strong developer strength, low EB-5 fund ratio, and low investment and repayment risks, has become a high-quality project to catch the last train before December 11.
Worldway reminds investors that the U.S. immigration policy change on December 11 is imminent. Those wishing to immigrate to the U.S. should not hesitate any longer and should carefully choose projects and cooperating institutions to catch the last bus on December 11. For details on the group purchase activity of one dollar offsetting ten thousand dollars, please inquire at: 400-138-2929