(Dallas, Texas) May 2, 2013 – Encore Global Investment Management, LLC, (Encore Global) a division of the Dallas-based Encore Enterprises, Inc., has partnered with San Antonio-based American Regional Center, LLC to manage and operate Encore’s recently approved Regional Center that will serve eight South Texas Counties as part of the U.S. Government’s EB-5 Program.
The EB-5 Program was created by the United States Citizenship and Immigration Service (USCIS) in 1990 to provide qualified foreign individuals with an opportunity to achieve permanent U.S. residency status by investing $500,000 to $1,000,000 in a business that will benefit the U.S. economy and create at least 10 full-time jobs. In exchange for this investment, the investor receives an EB-5 Visa providing permanent residency status for the investor and his/her immediate family. Encore Global will work closely with American Regional Center to identify and coordinate the development of a variety of commercial real estate projects.
Encore Global will work with the American Regional Center to help develop, construct, operate and manage commercial real estate projects, focusing on commercial and institutional buildings as well as hotels. The American Regional Center partnership will enable Encore Global to expand its development efforts into eight South Texas counties including: Frio, Atascosa, Bexar, La Salle, Medina, Uvalde, Webb, and Zavalla Counties.
“While the EB-5 Program has been around since 1990, American Regional Center will enable Encore Global to strategically align EB-5 funding with targeted projects that will significantly change the economic development landscape in San Antonio and surrounding communities,” said Bharat Sangani, Chairman of Encore Enterprises. “We chose these eight South Texas Counties because of their economic appeal for developers and for key redevelopment opportunities within San Antonio and the surrounding area.”
About Encore Global Investment Management, LLC
Encore Global Investment Management, LLC was created to provide an EB-5 investment vehicle for qualified foreigners seeking to obtain permanent residency status in the United States. Encore’s legal and finance professionals deliver full-service support for its foreign investors to guide them through the entire immigration process. The company’s industry insiders and in-house experts identify, evaluate and select commercial real estate investment projects that meet USCIS requirements. These projects include: retail, hospitality, office, multi-family, institutional and industrial building construction. For more information, please visit www.Encoreeb5.com or call (214) 259-7000.