Nigeria's leading finance and market intelligence news report.

Investment, residential opportunity opens as Houston EB5 broaches $500m mixed-use property

Thompson Hotel
1

For yield-seeking investors interested in moving cash offshore, an investment window has just opened at a $500-million high-end, multi-use development comprising the luxury brand Thompson Hotel, The Residences at The Allen, and a lifestyle pavilion that will include an exclusive fitness club, two signature restaurants, and luxury retail space.

Known as The Allen, the mixed-use luxury development is located along the most scenic drive in the heart of Houston, Texas in the US. The landmark development, which is overlooking Buffalo Bayou Park, will stand as a crossroad between downtown, the Galleria-Uptown area, Midtown and the Texas Medical Center, offering the best of the city and outdoor lifestyle.
3Invest, one of Nigeria’s frontline real estate firms, is the project’s partner in West Africa. The company, which announced this investment opportunity at the weekend, has already extended partnership with Houston EB5 to raise capital for The Allen.

Houston EB5, a subsidiary of DC Partners (an award-winning real estate developer), is an approved Regional Center by the United States Citizenship and Immigration Services since 2010. It provides foreign investors the opportunity to obtain Permanent Residency (Green Card) in the United States through a qualified real estate investment.

“Because of our success in Nigeria with previous Houston EB5 projects, we are now looking to grow our partnership with Houston EB5 by expanding our investor-reach into Ghana where we are certain many investors would like to take advantage of these immigrant investment opportunities for their families.” Ruth Obih, 3Invest’s CEO, assured.

Obih noted that with more than 30 years of real estate experience, Houston EB5 works to develop high-quality residential high-rise, mid-rise, mixed-use and suburban projects. The company gives opportunity to foreign nationals to receive Permanent Residency ‘Green Card’ for themselves and their immediate family through a qualified real estate investment.

Roberto Contreras, President/CEO Houston EB5, affirmed, stressing that “Houston EB5 has a proven success rate of Green Card approvals and return of capital to all its investors; we consistently deliver world-class investment projects and demonstrate long-term financial strength, as we help investors achieve their business and residency goals.”

Acho Azuike, Houston EB5’s  MD/COO, assured that  The Allen would be a truly landmark project  that will be redefining luxury living, working and playing at the middle meeting point between the central business district and the Galleria in Houston.

Azuike explained that, as the fourth largest city in the United States, Houston is the nation’s demographic future with more than 145 languages spoken and consistently ranked as the most diverse city in the US. Houston is home to the second most Fortune 1000 companies in the country, second only to New York City.

International trade directly or indirectly supports one-third of all jobs in the Houston metropolitan area and the city counts the largest Nigerian population outside of Nigeria, making it home to the largest Nigerian community in the US. This guarantees quick capital appreciation and high rental yield for investors in The Allen.

The promoters assure that Houston EB5 investors would share in the project’s profits and receive an Annual Preferred Return in addition to the full return of their initial investment. Moreover, Houston EB5 offers its investors a simple and safe exit through the sale or refinance of the project.

Houston EB5 provides a highly personalized and boutique-like experience to its investors during the EB-5 visa process. Obtaining a Green Card through the EB-5 visa programme allows investors to enjoy similar benefits as US citizens, excluding the right to vote and run for government office.

Houston EB5 has stayed committed to bringing developments of impeccable design and elegance to Houston and San Antonio, and to sustaining the strong economic environment from which the cities have grown.

Given that real estate investments remain much safer in nature than typical business investments, compounded with the strong economies of Houston and San Antonio, participants in Houston EB5 projects can expect a more reliable, timely return on their investments.

Parties interested in the EB-5 investment opportunity presented by The Allen can make further inquiries regarding project details on how to proceed  by contacting 3Invest, the project’s industry partner in West Africa.

CHUKA UROKO

1 Comment
  1. […] more about the Allen project feature in local newspapers on ThisdayLive, Punchng.com, DailyTrust, BusinessDay and […]

Leave A Reply

Your email address will not be published.