Capitol Area Regional Center Job Fund LLC
Capitol Area Regional Center JOB Fund, LLC (CARc) was founded by Michael R. Sears and John Tung, a professional real estate investment advisor. On November 25, 2005 CARc was designated pursuant to Section 610 of the Appropriations Act of 1993 by the United States Citizenship and Immigration Services (USCIS) as a “regional center” to participate in the EB-5 Immigrant Investor Pilot Program within the capitol area regional center, a region within the area encompassing the legal boundaries of Washington, DC, the City of Alexandria, in the Commonwealth of Virginia, and the four adjacent surrounding counties of Montgomery and Prince Georges in the state of Maryland, and Arlington and Fairfax Counties in the Commonwealth of Virginia. The primary mission of CARc is to sponsor institutional quality real estate investment programs that generate the creation of new jobs and spur economic activity within the Capitol Area Regional Center. The CARc regional center business plan and the documents relating to CARc Job Fund-I LLC were again reviewed by USCIS in September 2010, which reaffirmed its approval.
CARc sponsored real estate Funds are formed for the purpose of making direct or indirect investments in one or more real estate projects to be newly developed and located within the Capitol Area Regional Center. They are offered privately to pre-qualified foreign investors (non- US citizens), particularly to those interested in participating in the EB-5 Pilot Program. The primary investment objectives of the Funds are to generate attractive risk adjusted rates of return by investing in a diversified portfolio of projects located within the Capitol Area Regional Center, thereby providing eligible foreign investors with the opportunity to independently petition for and, if approved by the USCIS, receive a residency visa under the EB-5 Pilot Program. The EB-5 visa allows unrestricted residency and travel anywhere within the United States of America for the approved investor, their spouse and children who are under 21 years of age at the time their USCIS petition is submitted.
Properties in which CARc sponsored Funds invest are selected by its Manager, Global Capital Markets Advisors, LLC (GCMA). All are selected with a view toward optimizing the Fund’s core investment and policy objectives and must be developed by experienced development teams having the skills and resources to successfully conceive, design, finance, build and market institutional quality real estate.
Pursuant to CARc's USCIS designation as a regional center, projects eligible for investment by CARc sponsored Funds may include commercial, residential, industrial, hospitality, or certain sports facilities and related infrastructure development, or mixed use Projects containing one or more of these elements. GCMA has identified numerous investment opportunities within the Capitol Area Regional Center that it believes would meet our core investment objectives and, if successfully developed as planned, would provide more than sufficient jobs and economic benefits to allow qualified investors in a CARc sponsored Fund to meet that portion of the EB-5 Pilot Program requirements.
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