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Discover Archer Place: An EB-5 project in a TEA Approved by USCIS in Florida

The EB-5 Immigration Program allows individuals to obtain a Green Card in the U.S. through an investment. However the investment must be directed to a project specifically structured for the program. Introducing Archer Place, an EB-5 compliant project in the state of Florida.

Living in the United States is undoubtedly a real objective for many foreign investors. In 1990, under section 203(b)(5) of the Immigration and Nationality Act (INA), the U.S. Congress created the fifth employment-based preference immigrant visa category (EB-5), establishing the framework for investments to be converted into Green Cards.

This program is designed to benefit both the U.S economy and investors seeking permanent residence.

How does the EB-5 Program work?

The Immigrant Investor Program aims to stimulate the economy in emerging areas of the country through foreign capital. To qualify under the program, the investment must be directed to a specific type of project.

This project must meet a series of requirements, such as being affiliated with an organization called a regional center, that the development of the project generates at least 10 full-time jobs and the participation of commercial enterprises.

The required investment for the program is 1 million 50 thousand dollars for traditional projects, while for projects located in TEA (Targeted Employment Areas), the investment is 800 thousand dollars.

Archer Place: Structured project to the EB-5 Program

The first step to apply to the EB-5 Program is to locate a project with the established requirements. A new student housing project has already been approved in Florida and is considered one of the most important projects in recent years in Gainesville, located in the north of the state.

We are referring to Archer Place, a mixed-use building located just steps from the University of Florida and that will offer a mix of student residences, rental condominiums, and commercial spaces. Additionally, it is located in a TEA or Targeted Employment Area, which qualifies it for the minimum investment of US$800,000.

Archer Place is developed by BAI Capital, a real estate company with more than 15 years of experience in raising capital, investing and generating investment value.

And it has all the necessary characteristics to be considered as an EB-5 project. In other words, investing in Archer Place together with BAI Capital will allow you to enter the program and apply for a Green Card or permanent residence.

The project will have 92 apartments for sale, 164 luxury apartments for student rental and commercial areas to include services for residents.

Jason Fort, Executive Vice President of Asset Living, a company with more than 36 years of experience in the student housing market in the United States, commented that Archer Place is a unique project due to its excellent location, very close to the University of Florida, restaurants and shopping malls.

“It is definitely what the students are looking for, it is a project that will work very well. I wish it was already built, I wish it was already there. We could move students tomorrow because it’s certainly something they’re going to like.”

Gainesville: the city chosen to build Archer Place

According to Movoto Real Estate, Gainesville is one of the best places to live in the state of Florida. We are talking about a growing city with many opportunities for young professionals and investors. In fact, many people move there for its pleasant climate and affordable cost of living

Gainesville is a great place to live and work, with several attractions to offer its residents. The city has a wide range of restaurants, bars and other entertainment venues.

And also a prosperous economy due to its important universities, which means that there are always jobs and opportunities available for people who want them. If you are looking for a place different from the noise of Miami, Gainesville may be exactly what you need.

Investing in BAI Capital is investing in the United States

With a presence in the real estate sector in the states of Florida, Texas, and New York, BAI Capital specializes in generating value from land acquisition to the development of mixed-use projects, such as student housing and multifamily rental buildings with mixed-use spaces, including apartment buildings and retail (commerce-restaurant).

Our mission is to safeguard the capital of our partners and our own capital with minimal risk exposure. We ensure secure development by going through all the stages: land acquisition, urban zoning adjustments, commercial vision in architectural development, and management of building permits. We then take charge of the capitalization, construction, and exit strategy, with the return of capital and profits to our partners, guaranteeing better returns than those offered by the market.

In this way, we ensure fixed and stable returns for our client portfolio. Additionally, we operate under a confidential work protocol with encrypted web forms, protected personal data, and private meetings with our agents in the United States, Latin America, Europe (Italy), and Asia (Vietnam).

You already know about Archer Place, an EB-5 project in a TEA approved by USCIS in Florida. If you are looking for investment opportunities with high returns in real estate, or to invest in projects that qualify for the EB-5 Investor Visa and thus obtain a Green Card, please complete our form and an agent will contact you.

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