AISA’s aim is to bring institutional-standard best practices to the EB-5 market and to develop longstanding relationship with our clients through the quality and integrity of our services
NEW YORK (PRWEB) February 15, 2018
AISA Investment Advisers (“AISA”) announced today that it has been engaged to provide independent monitoring service for the EB-5 investors in a 45-story mixed-use real estate development in lower Manhattan. The service is part of AISA’s full range of solutions offered to EB-5 project sponsors. AISA’s services are primarily structured to enhance investor protection, mitigate conflicts of interest and to ensure compliance with ever more stringent regulatory requirements and the upcoming EB-5 integrity measures.
In today’s increasingly competitive funding environment, project sponsors find that investor safeguards also help to improve the marketability of their offering.
The project at 25 Park Row is in one of New York City’s prime locations and is being co-developed by the Friedman family (J&R) and L&M Development Partners (“L&M”), one of New York’s premier real estate firms. The project, currently under construction in Lower Manhattan on City Hall Park, will include 110 residential condominium units and 67,000 s.f. of flagship commercial space.
The EB-5 Immigrant Investor Visa Program is a federal government program encouraging foreign nationals to invest capital in the U.S. The use of EB-5 funding, especially in ground-up development projects, has grown exponentially since the financial crisis in 2007.
The independent monitoring service offered by AISA ensures that a neutral party, a US-registered financial entity, oversees the activities of the manager, including supervising the flow of EB-5 investment funds into the project.
“EB-5 is an industry in transition and regulators, investors and the investors’ representatives alike are all calling for more protection of the investors,” said Dr. Robert Robbins Founder and Chairman of AISA Holdings. “AISA’s aim is to bring institutional-standard best practices to the EB-5 market and to develop longstanding relationship with our clients through the quality and integrity of our services,” said Peyman Attari, President and CEO of AISA Investment Advisers.
“By engaging a regulated financial entity, we are offering the gold standard in investor protection, as one of the features distinguishing our offering in the marketplace,” said David Dishy, President of Development and Acquisition and Partner at L&M.
AISA’s responsibilities are separate and distinct from the administration of the fund, which will be provided by NES Financial through their full suite of Intelligent EB-5 Administration Solutions.
About AISA Investment Advisers
AISA Investment Advisers is an investment advisory firm registered with the Kentucky Department of Financial Institutions (CRD# 175121). The company has been active in the EB-5 industry since late 2012 as consultants and investment advisers. The principals at AISA are experienced investment professionals with expertise in investment research, portfolio management, fund formation, international securities offerings and Trust services. The company’s services are structured to meet the needs of the EB-5 market and include EB-5 consulting and due diligence, fund management and monitoring, redeployment solutions and investment advisory services.
About the Developers
L&M Development Partners was established in 1984 and is a full service real estate firm handling development, investment, construction and management of real estate assets. Over the past 34 years the company has been responsible for over $7 billion in development, construction and investment. L&M has extensive experience with both residential and commercial projects. The company has acquired, built or preserved more than 22,000 residential units and maintains a portfolio of that includes more than 600,000 s.f. of managed, owned and net leased commercial properties.
Joe and Rachelle Friedman founded and operated the iconic J&R Music business in New York. The Friedman family owns a portfolio of commercial real estate assets along Park Row, which they are now redeveloping. The family will maintain an equity role in the project.