Chicago, IL (PRWEB) July 03, 2013
EB-5 Investment Insights, a third party research group specializing in the analysis of investment opportunities within the United States’ EB-5 pilot program, endorsed The Palm House Hotel project this past week. According to developers, the luxury condominium hotel and spa is presently being offered as an EB-5 immigrant investment opportunity by South Atlantic Regional Center (“SARC”), and will be the last luxury hotel to be approved on Palm Beach Island, one of Florida’s most exquisite luxury communities and known for years as a destination for high net-worth individuals and the royalty of America. The project is currently under construction, and is funded in part by EB-5 capital. Through the United States’ EB-5 program, foreign investors are given a path to residency in return for financing job-creating domestic projects with half-million dollars or more.
“We are very pleased to offer The Palm House Luxury Condominium Hotel and Spa project as an incredible opportunity to immigrant investors,” said Project General Partner Joseph Walsh. “The attention to detail, exclusive luxury location, and the solid business opportunity combine to make this one of the best and safest projects in EB-5 today.”
EB-5 Investment Insights also promotes The Palm House as a safe and secure project for potential investors, noting ongoing construction, a valuation appraisal that is significantly higher than the initial investment and a substantial equity investment from the developer. An economic impact assessment of the project was completed by Dr. Michael Evans, Chief Economist and Chairman of the consulting firm Evans, Carroll & Associates, Inc., who estimated The Palm House will create 20% more full time jobs than is required by USCIS. In addition, the project’s EB-5 processing is backed by SARC, a world leader in investment based immigration services with more than 200 successful I-526 petitions in the last year alone.
EB-5 Investment Insights is a privately-owned research group that specializes in analyzing areas of investment within the United States EB-5 program, helping potential applicants to make informed investment decisions.