1. Where does my investment go?
American Development Center funds projects developed by Industrial Reality Group (IRG), a privately held real estate development company that has developed over 100 properties in 25 states, with over 80 million square feet under its management. IRG specializes in the acquisition, development, and management of commercial and industrial real estate, and has developed several successful projects with EB-5 financing. Some of these projects include McClellan Park in Sacramento, California, the Goodyear Tire and Rubber Company World Headquarters in Ohio, and Phase I of The Promenade at Downey in Downey, California.
2. How much do I need to invest, $1 million or $500,000?
$500,000. The EB-5 program allows a $500,000 investment if the investment takes place in a “Targeted Employment Area,” defined as either a rural area, or an area with an unemployment rate of at least 150% of the national average. ADC focuses on funding IRG projects in these areas, and therefore your capital contribution is only $500,000.
3. What is a Regional Center?
EB-5 Regional Centers were authorized by the Immigrant Investor Pilot Program in 1992 to facilitate the EB-5 investment process and to offer additional job creation possibilities. All ADC projects are sponsored by a USCIS approved Regional Center.
4. What is an escrow account?
Generally, an escrow account is an account established with a third party, such as a bank, to hold the investor’s money and only disburse it pursuant to the fulfillment of certain conditions. ADC uses an escrow account for your protection. By putting the money into escrow, the investor is protected in case the I-526 is rejected and will receive a refund of the investment and syndication fee.
5. What is the syndication fee?
In order to cover general and administrative costs for the management of the investment, ADC charges each investor a syndication fee that is put into escrow together with the $500,000 investment.
6. What happens if my form I-526 gets rejected?
If your I-526 is rejected, your investment funds and syndication fee will be returned to you.
7. Can I visit any IRG properties that ADC will be investing in?
Yes. ADC will arrange for visits to IRG properties with prior notice.
8. Will I need an immigration attorney?
Yes. ADC will offer you assistance during the application process, but you will need independent counsel to help with USCIS immigration requirements and the various forms that must be filed.
9. What is a “qualifying family member”?
The EB-5 program allows for permanent residence of the investor and any “qualifying family members.” This includes your spouse and any unmarried children under the age of 21.