Project Overview
The Landing at College Square is a Behring Regional Center EB-5 investment, created in partnership with USA Properties Fund Inc. to deliver a modern, gated multifamily rental community in Elk Grove, California. With $49.5 million in total development costs, including $7 million in EB-5 financing, the Project provided 270 units across 12 three-story residential buildings, featuring one-, two-, and three-bedroom layouts along with community amenities such as a clubhouse, business center, fitness center, swimming pool, children’s play area, and landscaped outdoor recreation space.
The Project completed construction and was subsequently sold in 2017, repaying 100% of the EB-5 Partnership’s loan. The Project created 224 jobs, exceeding the minimum job creation requirement for the EB-5 Partnership by over 70%.
Landing at College Square Features & Advantages
The Landing at College Square was developed by USA Properties Fund Inc.
100% of Construction Complete
The construction of the Landing at College Square substantially completed in June 2017.
100% of Investors I-526 Approved
100% of the Landing at College Square EB-5 investors received I-526 approval.
100% of Job Creation Complete
The Landing at College Square project has exceeded all job creation requirements for its EB-5 investors. The project has created 71% more jobs than the minimum requirement for all investors to qualify for removal of conditions from their conditional green cards.
I-829 Package Prepared
The project remains compliant with EB-5 regulations and I-829 petition packages have been prepared as investors complete their 24-month conditional residency period.
Top-tier Developer
The Landing at College Square project was developed by USA Properties Fund Inc., at top-tier developer with over 35 years of development and construction success, and over $1 billion in assets under management.
Fully Leased
As of August 2017, the project was fully leased (95% occupied) and the building entered into a purchase and sale contract.
