2. UNITED STATES INVESTOR VISA
What is the EB-5 Investor Program?
• 10,000 visas available for individuals who
make an investment in a new commercial
enterprise
• Applicants (and immediate family members)
can become permanent residents of the U.S.
within 9 – 18 months
3. UNITED STATES INVESTOR VISA
EB-5 Immigration Investor Pilot Program
• 1993: To increase investment through the EB-
5 Program, the U.S. Congress introduces the
‘temporary’ Immigration Investor Pilot
Program (also known as the Regional Center
Program)
4. UNITED STATES INVESTOR VISA
Basic Requirements
• Investment requirement of $500,000 into 1 of 70+
designated ‘regional centers’ across the country
• Money must come from legitimate and legal
sources
• Investment must create 10 full-time jobs
(direct + indirect)
• Money must be ‘at risk’
• Deemed involvement in day-to-day activity
5. UNITED STATES INVESTOR VISA
Process and Timing
• I-526: Immigration Investor Petition
Timing: 3 to 6 months (from initial investment)
• Visa Application
Timing: 8 to 12 months (from initial investment)
• I-829: Removal of Conditions
Timing: 21 to 24 months (from immigrating or adjusting
status)
6. UNITED STATES INVESTOR VISA
EB-5 Statistics
In 2007, USCIS approved a total of:
473 I-526 petitions
111 I-829 petitions
In 2008, USCIS approved a total of:
640 I-526 petitions
159 I-829 petitions
Up until May 2009, USCIS approved a total of:
912 I-526 petitions
206 I-829 petitions
9. The Greater Seattle
The Greater Seattle area is a world-class business location, markedly
unique as a global hub for technology, medical, bio-tech, aerospace
and international trade, leading the way in innovation and research.
The region is home to corporate leaders and innovators, from
Amazon.com, to Microsoft, Boeing and Starbucks. The city's
technology sector, with 226,300 workers, is just slightly smaller than
Silicon Valley's. The Seattle area ranks first in the country in
economic strength, according to a May 2010 study by PO LI COM
Corp., an independent research firm, taking into account local wages,
jobs and economic growth. Seattle also tied for first place in the
Wall Street Journal's 2009 survey of The Next Youth-Magnet Cities.
No other city can match Seattle's winning combination of diverse
technology sector, quality of life, strong academia presence, and
access to the outdoors.
10. GREEN AND CLEAN
In 2008, Forbes Magazine ranked Seattle the second cleanest
city in the nation. Rain, and mild weather patterns help keep
the area's air clean. Top it off with clean drinking water from
the Cascade Mountain Range and handling trash and recycling,
the Seattle area is the leader of the pack when it comes to
environmental stewardship.
Farmers Insurance ranked Seattle the most secure place to live
in the United States in 2009, due to a long life expectancy, a
lack of extreme weather, crime statistics, low risk of natural
disasters and environmental hazards, minimal housing
depreciation, air quality and high job growth rate.
11. The Seattle area has long been recognized for its strong and consistent business
climate as well as its expert workforce. A number of factors contribute to the region's
prosperous business community - from its entrepreneurial strength to the education
levels and skill sets of its work force. Seattle consistently ranks as the most educated
city: 51.3% of all Seattle adults 25 and older hold bachelor's degrees or better, according
the Census Bureau. The region accommodates every major industry, making its work
force one
of the most skilled and diverse in the country. Many of today's top businesses call Seattle
home, including:
12. BETTER BUSINESS
Washington has the ninth best climate for businesses in the
nation, helped in part by the absence of a personal state
income tax, according to a Washington, D.C.-based tax
research group. Seattle passed Boston to become the nation's
No. 2 high-tech center, according to the Milken Institute's
"North America's High-Tech Economy: The Geography of
Knowledge-Based Industries" released in June 2009 (Silicon
Valley continues to rank No. 1). The study evaluated the
number of employees the various technology sectors,
employee salaries, and the relative size of the industry
compared to the entire city. Washington scored the highest
marks in the country with the biggest percentage of people
working in the high-tech industry receiving the largest
salaries.
13. The Seattle area has long been recognized for its strong and consistent business climate as well as its expert workforce.
A number of factors contribute to the region's prosperous business community - from its entrepreneurial strength to the
education levels and skill sets of its work force. Seattle consistently ranks as the most educated city: 51.3% of all Seattle
adults 25 and older hold bachelor's degrees or better, according the Census Bureau. The region accommodates every major
industry, making its work force oneof the most skilled and diverse in the country. Many of today's top businesses call
Seattle home including
Amazon
Alaska Airlines Boeing Expedia, Inc.
Expediters International
F5 Networks
Drugstore.com
Getty Images
Trendwest
Nintendo
Lanoka Corp.
Microsoft
Nordstrom Paccar, Inc.
SSA Marine
Star bucks
Symetra
Financial
T-Mobile, Holland America, True Blue, Univar, Inc. Weyerhaeuser, Real Networks REI
14. GROWTH IN THE SEATTLE AREA
The Seattle-Tacoma-Bellevue metropolitan statistical area (MSA) ranks 13th out of 362 markets nationally
in terms of effective buying income (EBI). The Seattle area's median household EBI is 20% higher than
the national median. Numerous factors contribute to the region's economic prosperity-including steady
population growth and a flourishing, entrepreneurial business sector. Population growth and business
growth in the region is expected to continue in the near future. According to the Puget Sound Regional
Council, the area's population is expected to increase 4.2% over the next 4 years, to nearly 4 million.
According to Conway & Pedersen's (December 2010) Economic Forecaster, the region is showing signs
of employment growth and the number of jobs is expected to increase 1.2% in 2011 and 2.4% in 2012.
Also, personal income is up almost 2.0% from 2009 and housing permits are up 23% for the year.
15. Boeing
With more than 72,000 workers, Boeing is the region's largest employer and is expected to
continue to add workers in many categories. Recently, Boeing announced it will increase
production of the Renton-built 737 single aisle jets in early 2012 from the current
31.5 airplanes per month to 42 airplanes per month by 2014. Boeing also has ramped up
production of the 777 from 6 per month to 7 per month and then 8.3 per month in
2014. The world's largest aerospace company,
Boeing is the No.2 maker of large commercial jets (behind rival Airbus) and the
No. 2 defense contractor behind Lockheed Martin.
16. MICROSOFT
Microsoft is the second largest private employer in the
state of Washington and its impact on the local economy
cannot be underestimated. A recent study by the University
of Washington makes several interesting observations on the
economic impact Microsoft has had on the region: $43.84
billion (13.6%) of gross state product in Washington was
contributed by Microsoft; $7 billion in worker compensation
paid ($1.6 billion more than entire aerospace industry); 39,300
local employees (behind Boeing's 71,802); 28.5% of jobs created
in Washington State since 1990 are attributable to Microsoft
17. INTERNATIONAL TRADE
With nearly $66.9 billion in exports in 2008, according to the World Institute for
Strategic Economic Research, Washington State ranked as the fourth largest
exporting state in the nation, just after Texas, California and New York. Seattle and
Tacoma are among the most diversified ports in the Western region, making trade crucial
to the state's economy. One-third of Washington-grown products are shipped
overseas. The Puget Sound region has been found to be one of the most export
dependent metro areas in the nation, according to the Washington Council on
International Trade. One out of three area jobs is directly or indirectly related to
international trade. In 2010, Washington food and agricultural exports reached $6.1
billion. Two thirds of all Washington agricultural exports flow to Asia.
18. BIOTECH
Washington State companies stand on the threshold of major breakthroughs that will revolutionize medical
diagnostics and therapeutics, agriculture, and a wide variety of industrial processes with increasing
economic benefit locally, as well as globally. The technology foundation of Washington's industry is the
federally funded cutting edge research conducted at the University of Washington, Washington State
University, Fred Hutchinson Cancer Research Center, Pacific Northwest Research Institute, and Virginia
Mason Research Center. In fact, nearly one
half of the more than 190 biotechnology and
medical device firms in the state are founded on technologies developed at these institutions.
Since 1980, the state's research institutions have attracted $19.3 billion into the state mostly
federal research and training money focused on health science
and environmental-relatedbasic research. To date, the
state's industry has primarily developed as technology
spin-offs from the state's research institutions and older more established
compames, and the principal owners'
decision to live and work 1n
Washington State. However, in recent years the region has begun to see companies relocate to Seattle from
other states or countries to be closer to their respective technology development centers.
19. MEDICAL SERVICES
Seattle's reputation as a leader in high technology and
biotechnology and the allure of the region's natural beauty
attract the world's best minds to several medical service
providers. Fred Hutchinson Cancer Research Center is world
renowned for its treatment and research into causes of cancer,
and its staff includes three Nabel Prize Winners. Harborview
Medical Center is responsible for level I trauma in Washington,
Idaho and Alaska. Decades ago, it was instrumental in
establishing Medic One, one of the country's first
emergency-response programs. US News and World Report
has listed Harborview's orthopedic serv1ce as one of the
top 10 services of its kind in the country for three
consecutive years
20. Synergy CONSTRUCTION, INC.
Synergy Construction, Inc. was founded on the basic principle "Quality with
Integrity," which remains its daily focus. Founded in 1990 by Larry and Pamela
Stewart, who have over 30 years of experience working as a team in the
construction industry, Synergy has built thousands of housing units throughout the
Western United States.
Synergy has built an industry-leading reputation by successfully taking on the most
technically complex projects and the tightest urban project sites. Synergy's bonding
capacity is over $70 million per year, and its expert management staff is experienced
with all types of construction, from high-rise to low-rise, as well as indus trial.
Known for its quality workmanship, strong management and communications, the
Synergy team makes the construction process a pleasant experience for all-on time
and on budget.
21. AVIARA APARTMENTS-MERCER ISLAND, WA
300,000 SQ FT MIXED-USE BUILDING, 166 UNITS
New construction of a mixed-use building with one and a half floors of below-grade
parking, a ground level accommodating different commercial uses and
four floors of apartments with high-end finishes.
COLUMBIA KNOLL-PORTLAND, OR
290,000 SQ FT MULTIFAMILY HOUSING & ASSISTED LIVING
New construction of a combination senior and multifamily com
munity. The project includes a 4-story 208-unit senior building,
8 buildings of housing with 118-units, a community center and childcare facility.
22. MARKET SQUARE-SHORELINE, WA
200,000 SQ FT MI XED-U SE BUILDING
New construction of 148-units of residential over two levels of underground
parking and commercial space. Scheduled to be completed May 2012.
RENTON VETERANS CENTER-RENTON, WA
59 UNIT MIXED-USE BUILDING
This 59-unit building provides support services for former homeless veterans and
their families. This project has been recognized as a national model and was
awarded 1st place in the category for developments of distinction for its major
community impact.
23.
24. Washington State and Puget Sound
• Seattle is one of the most
popular cities in the U.S.
• Cosmopolitan city, beautiful
natural landscapes, diverse
lifestyles
Population
• Washington State – 6.6 M
• Puget Sound – 3.7 M (forecasted
to increase to 4.9 M by 2040)
• Seattle/ King County – 1.8 M
• Tacoma/ Pierce County – 806 K
• Everett/ Snohomish County –
697 K
26. Recent Press About Seattle
• Seattle named a top ‘global
gateway’ city
Seattle Post-Intelligencer
• Seattle ranks No. 1 for
owning office property
The Seattle Times
• Seattle rents to rise
The Wall Street Journal
27. SODO (South of Downtown)
SODO
Station
Lake
Washington
Qwest Field (Home of the Seahawks)
Residence
Sound and Secure Investment and a Pathway to U.S. Permanent Residency
28. Growth Strategy
• Operate for income – long-term
• Operate debt-free – security
• Wait for the growth to
come to us
• Encourage modern industries
to locate to SODO
29. American Life Inc. Company Profile
• Company American Life Inc., Washington State
• Capital Under Management US$ 600,000,000 debt-free
• Total Land Area
50+ Acres
• Offices Seattle, WA, USA (Head Office)
Tokyo, Japan
London, UK
• Management Henry Liebman – President/ CEO
Ray Klein – Vice-President
Gregory L. Steinhauer – COO
Jo Hwang – Administrative/ Marketing/
Investor Management Director
Jim Christensen – CFO
Don Ayers – Property Manager
• Website www.amlife.us
30. Limited Partnership Structure
Investor Property ALI
Limited Partner
Limited Liability
Purchases Admin
Limited
Partnership
General Partner
Unlimited Liability
Operations
Assigns Management Rights
General partner performs: property management, development, and distribution of
income to Limited Partners. Investors have no obligation to fund future capital needs.
31. Investment and Return
Investment
• US$ 530 K (including US$30 K syndication fee)
• Long-term investment for stable income
Rental Income and Capital Gain
• Income from bank interest paid on a monthly basis
after one full calendar month cycle of investing
• 70% of income from rents are paid to investors on
a monthly basis
• On sale of the partnership interest, there is
disbursement of 70% on potential capital gain
32. Exit Strategy
• Sale of LP slot/ mortgage of LP slot to
private investors
• Sale of entire portfolio
• Possible conversion to publicly-traded
company
33. Projects
2400 block on 1st Avenue South
Conversion to Retail and Showroom Adding Value
Starbucks HQ 2400 1st Ave. So.
Block properties
facing Starbucks HQ.
After
34. Projects
3317 3rd Avenue South
Conversion to Retail and Showroom
Before After
35. Projects
2962 1st Avenue South
Conversion to Retail and Showroom
Before After
36. Projects
4746 Ohio Avenue South
Conversion to Showroom and Light Industrial
Customized spaces per tenant
requirements
Building area (sq. feet) 283,000
Land area (sq. feet) 455,037
Before After
37. Projects
2944 1st Avenue South
Conversion to Retail and Tech
Before After
38. Projects
618 1st Avenue South
Historical Restoration of an Office Building to a Hotel
Before After
Tenant: Marriott Courtyard Hotel
Capital: US$85M
Capacity: 250 rooms, 15 floors
Building Area: 164,080 sq. ft.
Land Area: 12,960 sq. ft.
Grand Opening: June, 2010
39. Projects
618 1st Avenue South
State-of-the-Art
Welcome Pedestals
Modern Luxury Suites
Indoor Swimming Pool
Alaskan Club Ballroom
Stylish Lobby Bar
Comfortable Lobby Area
40. Projects
1531 Utah Avenue South
Main Uses: Office, Retail, Warehouse, Showroom & Parking
Capital: US$55M
Capacity: 6 floors
Building Area: 288,723 sq. ft.
Land Area: 65,776 sq. ft.
After
New Construction of Flex Use Office Building
Project
Safeco Field
41. Proven Track Record
• Oldest continually active Regional Center in Seattle since 1996
• Manages 11 USCIS designated Regional Centers
• Low Risk of No-Debt Model with US$600,000,000 under
management
• EB-5 and domestic investors invest in the partnership with
same terms
• 650 plus I-526 approvals and 140 plus I-829 (permanent
greencard) approvals to date
• Monthly income distributions from projects
• Second largest land owner in Seattle
42. American Life Inc. Regional Center
1501 1st Avenue South
Plan
New 2-Phase Construction of Office, Retail & Parking
Main Uses: Office, Retail & Parking
Capital: US$150M
Capacity: 6 floors
Building Area: 304,000 sq. ft.
Land Area: 93,680 sq. ft.
Safeco Field
Project
43. American Life Inc. Regional Center
1501 1st Avenue South
Elegant Architecture
After
Phase 1 Completion
Grand Opening Event
Modern Interior Design
Functional Conference Rooms
Beautiful Surrounding Area
44. American Life Ventures (Tacoma)
901 West Olympic Boulevard
Brand New Construction of Luxury Hotel
Plan
Tenant: Marriott Courtyard & Residence Inn
Capital: US$168M
Capacity: 393 Rooms, 23 floors
Building Area: 373,000 sq. ft.
Land Area: 35,000 sq. ft.
Project
Targeted Opening: June, 2014
45. Regional Center Management Los Angeles
901 West Olympic Boulevard
Brand New Construction of Luxury Hotel
Plan
Highlights:
• Across from L.A. Live
• Close to JW Marriott & Ritz-Carlton hotels
• Ground floor restaurant
• Expansive pool deck
46. Atlanta Regional Center
3405 BB Parkway
Brand New Construction of Hotel
Plan
Tenant: Hilton Homewood Suites
Capital: US$18M
Capacity: 122 Suites
Building Area: 93,500 sq. ft.
Land Area: 95,300 sq. ft.
Targeted Opening: October, 2013
Project
47. Atlanta Regional Center
3405 BB Parkway
Brand New Construction of Hotel
Plan
Highlights:
• Located in “hotel row” near Hartsfield-
Jackson International Airport
• Near Georgia International Convention
Center
• Upscale extended stay facilities
48. Riverside Regional Center
Riverside One
Conversion of 2 industrial/warehouse facilities
Location: North Perris Boulevard & Zevo Drive, California
Capital: US$31M Building Area: 639,600 sq. ft.
Targeted Opening: April, 2013 Land Area: 44.3 acres
49. Riverside Regional Center
Riverside One
Conversion of 2 industrial/warehouse facilities
Highlights:
• Great access to freeway
• Expansion opportunities
• Abundant parking
Perris Zevo
50. Regional Center Properties
Lancaster Lodging
Construction of retail complex
Location: Avenue J-8 & 20th Street, Lancaster, California
Capital: US$18M
Building Area: 73,500 sq. ft.
Land Area: 171,200 sq. ft.
Targeted Opening: January, 2014
Construction of hotel
51. Regional Center Properties
Lancaster Lodging
Construction of retail complex
Highlights:
Construction of hotel
• Near Edwards Air Force Base
• Seamless integration of retail complex and hotel
• 93-room Marriott TownePlace Suites
• 5,500 sq. ft. stand alone restaurant
Plan
Restaurant
Hotel
Retail Complex
52.
53.
54.
55. PAGODA VILLAGE:
The Pagoda Village at Everett is slated to be the first of
many Pagoda Village projects. This first project is in
Snohomish County, which is designated a Regional Center
within the Immigrant Investor Pilot Program. Each Pagoda
Village project will include an indoor farmers market, office
space, assisted living facilities, luxury apartments and an
upscale extended stay hotel. The vision for these projects is to
create a "village" or community that is centered around green
living and supporting local agriculture, thus enriching the local
economy. On average a Pagoda project will create
approximately 1,000 jobs, exceeding the minimum EB-5
requirement of creating 10 direct or indirect jobs per
investor. Sustainability is always our focus and each project
will be certified under the USGBC's LEED® program at
the LEED® Silver level or higher.
56. The Pagoda Village complexes will be located m
exceptionally desirable areas with heavy pedestrian and
vehicular traffic and m close proximity to numerous
amenities, complementary businesses and employment
centers. Organic food is the fastest growing sector of the
American food marketplace, and Pagoda Village Farmers'
Markets will meet this growing demand for affordable
locally grown organic products.
The Pagoda development formula brings the complementary
strengths of each business component to create a development
that is greater than the sum of its individual parts and
achieves true synergy.
57.
58.
59. The Pagoda Village in Everett, an indoor venue with 60,000 square feet,
will be an exciting and vibrant center that connects local agricultural
businesses to the community and attracts both residents and visitors. In
addition to the year-round market, the project will include 170 luxury
apartments and a 110-unit Homewood Suites by Hilton hotel, both with
spectacular views of the Puget Sound. The development will also have
15,000 square feet of commercial office space.
The Farmers Market will be one of the first year-round indoor markets in
the U.S., providing locally grown organic produce, meat and poultry to
the hundreds of restaurants in the Puget Sound. It also will be a destination
stop for shoppers from Seattle to Vancouver Island who seek farm-fresh
and high-quality produce, meat and dairy locally grown and organic, fresh
flowers and other local products. A commercial kitchen within the market
will allow vendors to prepare food on-site as well as host the Meals on
Wheels program for Senior Services of Snohomish County.
60. Path America's Everett Pagoda Village project is made possible by the
joint partnership between the City of Everett, Snohomish County and
Path America. This project is 100% preleased to three major tenants
and will be built to suit. The first major tenant is a Homewood
Suites by Hilton, an award-winning upscale extended stay hotel offering
home-like comforts including full kitchens and business amenities. The
second major tenant is Senior Services of Snohomish County, a nonprofit
organization that has been providing aid to seniors and the disabled in
Snohomish County since 1974. The majority of the support funds come
from the county and federal government. The third major tenant is the
Snohomish County Growers Alliance, an organization devoted to
advancing economic growth among Snohomish County farmers.
Snohomish County is a major agricultural county that has pride in the
products that it produces. Based on the Economic Impact Report, this
project will create a total of
910 jobs (for more detailed information please refer to the full
Economic Impact Report).
62. PROJECT NAME: Pagoda Village (Path Farmer's Market, LLC)
LOCATION:2804 Grand Avenue, Everett, Washington, 98201
DESCRIPTION OF PROJECT:170 luxury apartment units, 110-unit Homewood
Suites by Hilton, 60,000-square-foot local farmers market and 15,000 square feet of
commercial office space
LAND ACQUISITION AND ENTITLEMENT INVESTMENT REQUEST:
$5,100,000
TOTAL PROJECT ESTIMATE COST: Approx. $46,665,792
TOTAL EB-5 INVESTORS (70 Families): $35,000,000
CONSTRUCTION LOAN (Path America Guarantor): $8,866,500
PATH AMERICA CONTRIBUTION: $3,000,000
CONSTRUCTION EQUITY SOURCE: Path America will provide 100% of pre-construction
costs through EB-5 financing
