Encore Global Continues Growth with New Mississippi Regional Center
DALLAS, Oct. 17, 2013 /PRNewswire/ -- Encore Global Investment Management, LLC (Encore Global), a division of the Dallas-based Encore Enterprises, Inc., plans to develop and/or finance multiple real estate projects in the state of Mississippi as part of its nationwide EB-5 Regional Center network.
The EB-5 Employment-Creation Immigrant Visa Category was created by the United States Citizenship and Immigration Service (USCIS) in 1990 to provide accredited foreign individuals with an opportunity to achieve conditional and permanent resident status by investing lawfully acquired funds (at least $500,000 within a rural area or one of high unemployment, or $1 million anywhere else) in a regional center approved by USCIS. To qualify, each investor must directly or indirectly, through the regional center, create ten full-time jobs in the United States. In exchange for this investment, the investor may be able to obtain an EB-5 Visa, providing permanent residency status for the investor, his or her spouse, and unmarried children under 21 years of age.
The Encore Mississippi Regional Center has been organized to attract foreign capital through the EB-5 program, with the intention of developing multiple new commercial enterprises and job-creating entities located throughout Mississippi. Encore Global will develop and/or fund commercial real estate projects in fourteen Mississippi counties, including the gulf coast area (4 counties), the Hattiesburg area (5 counties), and the Jackson area (5 counties).
"Our EB-5 program provides a low cost-of-capital funding alternative to a wide variety of commercial real estate projects," said Bharat Sangani, Chairman of Encore Enterprises. "Our EB-5 funding can be in the form of debt or equity. Developers have discovered that this is a very cost effective way to raise capital for real estate projects that create jobs."
About Encore Global Investment Management, LLC
Encore Global Investment Management, LLC was created to provide an EB-5 investment vehicle for accredited foreign nationals seeking to obtain permanent residency status in the United States. Encore Global owns and operates six USCIS approved Regional Centers across the U.S., and focuses on developing and/or funding commercial real estate projects related to retail, hospitality, multi-family, office, healthcare and entertainment / recreational facilities. For more information, please visit www.EncoreEB5.com or call (214) 259-7021. Disclaimer: Not every investment is safe, not every investment in a regional center will ultimately result in green card status, and not every investment will produce a profit.
SOURCE Encore Global Investment Management, LLC