EB5 Capital's $42 Million Investment to Transform Atlanta
EB5 Capital’s Groundbreaking Investment
EB5 Capital is excited to announce its recent investment of $42.4 million in the Atlanta Woodrow Apartments project. This significant financial commitment underscores the company's dedication to fostering community growth and redevelopment.
Details of the Woodrow Apartments Project
The Atlanta Woodrow Apartments project, known as JF41, represents a major development in the residential sector. This Class A multifamily project features 300 modern apartment units distributed across four buildings, along with 25 stylish townhomes. With an array of high-end amenities such as a luxurious pool area, a fully equipped fitness center, and lively gaming spaces, the project promises to enhance the living experience in the neighborhood.
The Strategic Location of JF41
Situated in a targeted employment area characterized by high unemployment, this project seeks to address local economic needs. Atlanta has emerged as a prominent tech hub, housing major corporations like UPS, Coca-Cola, Delta Airlines, Home Depot, and CNN. The JF41 development benefits from its prime location in the South Atlanta submarket, ensuring easy access to key transportation routes and being a short drive from one of the busiest airports in the world.
Community Impact and Job Creation
Jonathan Mullen, Senior Vice President of Investments at EB5 Capital, emphasized the project's role in community regeneration. He stated, "This project is a great example of how the EB-5 Program helps redevelop communities. We’re proud to be part of a project that will bring over 900 new jobs to a high-unemployment area and contribute to the continued growth of the South Atlanta region."
Future Plans and Timeline
The Atlanta Woodrow Apartments will mark EB5 Capital's 21st multifamily investment and its second project in Georgia. Construction is slated to commence in the third quarter of 2025, with an expected completion date in the first quarter of 2027.
About EB5 Capital
EB5 Capital specializes in creating opportunities for qualified foreign investors through commercial real estate projects that generate jobs under the U.S. Immigrant Investor Program (EB-5 Visa Program). As one of the oldest players in the industry, EB5 Capital has successfully raised over a billion dollars in foreign investments across more than 45 EB-5 projects. This impressive track record has garnered interest from investors spanning over 75 countries, solidifying its standing in the market.
For more information about EB5 Capital and their investment opportunities, please visit www.eb5capital.com.
Contact:
Katherine Willis
Director, Marketing & Communications
media@eb5capital.com
Frequently Asked Questions
What is the investment amount for the Atlanta Woodrow Apartments?
EB5 Capital has invested $42.4 million in the Atlanta Woodrow Apartments project.
When is construction expected to start?
Construction is set to commence in the third quarter of 2025.
How many jobs will the project create?
The project aims to create over 900 new jobs in the community.
Where is the Atlanta Woodrow Apartments located?
The apartments are located in the South Atlanta submarket, near major transportation routes.
What type of development is the project?
It is a Class A multifamily residential development featuring 300 apartment units and 25 townhomes.
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