The current pause in the EB-5 Regional Center Program provides an opportunity for Regional Center issuers to offer direct investment....
About Reid Thomas
As the Chief Revenue Officer and Managing Director of JTC Americas, Reid Thomas is responsible for overseeing the day-to-day operations of the Specialty Financial Administration business unit. JTC Americas, formerly NES Financial, is the North American division of JTC Group, a multi-jurisdictional provider of fund, corporate and private client services.
JTC Group acquired NES Financial in 2020, positioning JTC Americas as the leading provider of third-party administrative solutions to US impact investment sectors, including the Opportunity Zones initiative and the EB-5 program, as well as to private equity fund managers and 1031 exchange participants.
JTC Americas’ services in the EB-5 sector include providing solutions for EB-5 immigration workflow, loan administration, fund administration, investor verification, and escrow administration. Their escrows for EB-5 capital raise projects consist of a number of features, such as consolidated and segregated investor account statements and reporting, a reservation account option, multiple bank partners, and an investor portal with project document aggregation. The company utilizes a proprietary automated platform (eSTAC®) which has been tailored specifically to support EB-5 applications and which has been used to process more than $75 billion annually.
Reid Thomas has played an instrumental role in the rapid growth of JTC Americas’ EB-5 business, with the company recognized for providing innovative solutions built specifically for the EB-5 industry. The company’s escrow administration solutions have been engaged by over 450 EB-5 projects. In 2018, Thomas received IIUSA's "Industry Game Changer" award for his visionary work in the EB-5 space. He frequently speaks at EB-5 conferences and events across the United States. He is also the author of numerous blogs, articles, and white papers on the topics of fund administration and escrow.
Thomas possesses more than 20 years of marketing and sales leadership experience in both private and public companies. Prior to joining JTC Americas, he served as the Senior Vice President of Global Sales at Laszlo Systems, which specializes in Rich Internet Applications. His previous experience also includes leading sales operations at Sylantro Systems, VINA Technologies, and Octel Communications. Thomas graduated from Queen’s University in Kingston, Ontario.
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EB5 Investors Magazine and EB5investors.com Articles
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The EB-5 program is a highly effective job creation engine and delivers many economic benefits to the U.S. economy at no expense to the taxpayer. However the program’s rapid growth has prompted increased public attention on EB-5, and misinformation abounds. Unfortunately, misconceptions about the EB-5 program damage its reputation and undermine its positive impacts....
Reid Thomas
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What do investors look for in a project? A discussion of how to show immigration compliance and financial controls....
Reid Thomas
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26 of the EB-5 industry's leading experts identify major challenges and opportunities for the industry in 2015....
Reid Thomas
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The future of the EB-5 program includes stricter standards and more stringent oversight on compliance. Stay ahead of the regulations to ensure best practice....
Reid Thomas
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Why EB-5 issuers need to be well-prepared for the impending I-829 bubble....
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EB-5 escrow requires an understanding of all the moving parts of the EB-5 program. Reid Thomas of NES Financial outlines important considerations for EB-5 escrow....
Reid Thomas