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081514 $750 million assisted living project using EB- 5 funding
1. January 31, 2014
$750 Million Assisted Living Project Using EB-5 Funding
EB-5 investors will be providing one-third of the $750 million capital stack that will be used to
develop a 25 new senior communities operated by SummerPlace Assisted Living & Memory
Care in California, Arizona, Florida, Illinois, Texas and the Carolinas.
Ground was broken in July 2014 for the first of the communities in the western foothills of the
Sierra Nevada about half-an-hour east of Sacramento. The $26 million community is scheduled
to open in 2016 and will provide 228 beds and more than 135 new jobs. A joint venture between
FCM Captial Partners and PDC Capital Group is arranging the funding and is expecting to use
about $10 million in EB-5 funding for each individual project. The current project is the first of
three planned phases that will ultimately create a total of 75 such communities across the
country. Each project is unique in size, scope and design.
To learn more about how to put the EB-5 investment visa program to work for you, contact Dr.
Gregory Finkelson at American Corporate Services or call 415-682-2550.