JTC will provide fund administration and other services for a market-leading EB-5 energy project, Western Energy Opportunities II
SAN JOSE, Calif., Oct. 12, 2022 /PRNewswire-PRWeb/ -- JTC Americas has entered into an agreement to provide its industry-leading technology platform, EB-5 fund expertise, administration, and escrow services to Western Energy Regional Center (WERC), which has announced the start of a fundraising period for its second EB-5 offering, Western Energy Opportunities II.
Since its inception in 2016, WERC has provided an unparalleled platform for participants in the U.S. Immigrant Investor Program under the Employment-Based Preference 5 (EB-5) program, with a focus on oil and gas projects — a space in which WERC has become known for identifying and optimizing successful opportunities.
Because investment into production of oil and gas in rural areas is in the national interest of the United States, Western Energy received expedited approval from the United States Citizenship and Immigration Services (USCIS) for its reauthorization as a Regional Center under the EB-5 Reform and Integrity Act of 2022 (the "RIA"). Western Energy Opportunities II accepts only EB-5 capital and, therefore, EB-5 investors are given first lien over assets. The fund will return profits to investors as soon as it legally and economically can.
JTC Americas brings its own host of benefits to WERC investors. The company delivers purpose-built, technology-driven solutions for the EB-5 sector, including an award-winning investor portal with 24/7 access, customizable solutions, escrow agent capabilities, full audit trails, and more. JTC's full suite of EB-5 Administration Solutions provides an integrated approach to administering the entire EB-5 program life cycle. WERC has also engaged JTC to provide co-signatory powers required by the RIA to all investment accounts.
"We wanted to work with a world-class team to administer our EB-5 offering," said Gregory Neher, CEO of WERC. "The increased levels of compliance and transparency required by USCIS in the RIA are positive for us and our investors. This heightened level of required compliance is why we selected JTC. JTC's investor portal allows our investors to track their investment all the way through to repayment — which we plan to begin as soon as possible."
"The Western Energy Regional Center offering is timed perfectly for EB-5 investors given the current challenges we have in energy supply in the USA," said Reid Thomas, Chief Revenue Officer and Managing Director, JTC Americas. "The WERC project is yet another example of how the EB-5 program positively impacts our national economy while creating jobs in rural communities."
To learn more about JTC Americas' EB-5 solutions, please visit jtcamericas.com/eb-5.
To learn more about Western Energy Regional Center, please visit wercregionalcenter.com.
About JTC Americas
JTC Americas is the North American division of JTC Group, a publicly listed, global professional services business with over 1,300 employees across 30 offices and a 34-year track record providing fund, corporate and private client services. Every JTC employee is an owner of the business, and this cultural element helps align our corporate interests with those of our stakeholders.
JTC Americas is the industry leader in Specialty Financial Administration, providing purpose-built solutions to markets characterized by high administrative and regulatory complexity, elevated transaction security needs, and challenging compliance requirements. This includes tax-advantaged investments (1031 Exchange, Delaware Statutory Trust), impact & ESG (EB-5, Opportunity Zones), and alternative investments in the U.S. and abroad (AIFM, ManCo, fund of funds). Combining these specialized, technology-based solutions with JTC Group's global reach, JTC Americas provides an unprecedented level of support and scalability for clients of all sizes.
To learn more, visit JTCAmericas.com.
Media Contact
Laura Kelly, JTC Americas, 408-367-0826, [email protected]
SOURCE JTC Americas
Share this article