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Can investments in apartments qualify for the EB-5 visa program?

Is investment in apartments a viable idea for EB-5 visa funding? If so, can I buy multiple apartments that could create total 10 new jobs rather than a large complex?

Answers

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    Reza Rahbaran

    Immigration Attorney
    Answered on

    You should consult an experienced EB-5 attorney for guidance as there are many variables that are at play here. For further information please contact Rahbaran & Associates.

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    Larry J Behar, Esq

    Immigration Attorney
    Answered on

    Generally speaking , apartments do not generate EB 5 qualified jobs. The situation must be unique to so produce ten jobs (directly) if a self petition, or a blend of direct and indirect if in a regional center. We have seen some apartment complexes generate some EB jobs but on a larger scale.

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    Neville M Leslie

    Immigration Attorney
    Answered on

    It could work. The business would have to be structured properly so as to create the jobs, etc.

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    Anthony Ravani

    Immigration Attorney
    Answered on

    As long as it is an apartment complex and a business. No, it cannot be acceptable if the investment in a single unit apartment. But if there is an apartment complex with several units and it is managed as a business, then yes it can qualify if the investment is at least $1,000,000.

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    Boyd Campbell

    Immigration Attorney
    Answered on

    Sure. But apartments are very low on job creation. Once they are built, management and maintenance do not produce a lot of jobs. So probably not a good EB-5 investment.

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    Brandon Meyer

    Immigration Attorney
    Answered on

    Despite lots of interest, nobody to my knowledge has yet to pull this off.

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    Jacob J Sapochnick

    Immigration Attorney
    Answered on

    No, it cannot work.

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    Taher Kameli

    Immigration Attorney
    Answered on

    It all depends how the 10 jobs are created and if those jobs are permanent.

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    Jinhee Wilde

    Immigration Attorney
    Answered on

    Investment into a passive property will not qualify. However, if the business enterprise is for owning and maintaining apartment buildings, i.e., real estate management company like CB Richards or Transamerica, for example, it may be qualify for EB-5 program. However, I will need to see the business plan and job creation methodology of the plan to see if it is sufficient.

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