Las Olas of Ft. Lauderdale, EB5 with a spectacular ocean view

 “It’s an oceanfront dream,” stated Kevin Jeffers, Owner and Managing Partner of Los Angeles and Shanghai-based Pinnint Ltd., a leading marketer and consultant for the EB5 immigrant investor program in Asia.

 The EB5 immigrant investor program, launched by the US government in the early 1990s, provides immigrants the opportunity to get their permanent residency, in the form of a green card, in exchange for a $500,000 investment that creates or saves 10 American jobs.  In 2010 alone, it is projected that more than 5000 overseas investors will participate in the program, creating more than 40,000 jobs and bringing in billions in foreign direct investment.

“There is amazing growth in the Asian market for immigration into the US,” added Jeffers.  “High-wealth individuals are not only looking to settle in the US with their families, they want to continue to invest throughout the US market once here.  High-wealth immigrants are the key to ensuring a successful rebound of the American economy."

The oceanfront dream that Jeffers referred to is the Fort Lauderdale-based Las Olas Ocean Resort project, a multi-phase hotel and time-share complex, located ocean side in beautiful Fort Lauderdale, Florida.  The complex will be steps away from the world-famous Bahia-Mar Resort & Yachting Center, backdoors onto the intercostal waterways, is located near a major convention center that hosts more than 3 million visitors a year, and is steps from downtown Fort Lauderdale.  If location, location, location is the key to success, Los Olas is very well positioned.

But beyond a great location, the project is itself ambitious - $41 million over the two phases of development.  The Intercontinental Hotels Group, which is developing the project, will rely on Jeffers to obtain the 60 to 80 EB5 investors needed to assist in the financing of the project. 

"This project is one of my stronger ones financially, and I am proud to be its official representative in the Asian market," continued Jeffers.  "Phase I is called the Los Olas, a 4 star Indigo Hotel, is backed by Intercontinental Hotels Group, a strong and solid trademark in the global hotel business.  The Indigo is a group of uniquely styled boutique hotels located throughout the world and are becoming increasingly viewed as the experienced traveler’s home away from home. The Indigo serves clients that are looking for a special, personality-based hotel experience."

Phase II of Los Olas will be a well built, time-share offer that looks out into the yacht club and the intercostal waterway, just a few hundred yards from the ocean. Visitors will have a choice of ocean view and access to the beach, or the ability to jump into their yacht for a cruise down the intercostal waters.

The financial foundations of the Los Olas project are solid.  For Jeffers this is a significant criterion in choosing which projects to represent. “We drill-down on choice of location, the international brand identity, and government participation. The excellent reputation of IHG and its Indigo brand are the added touch of success,” continued Jeffers. 

For Asian investors, it is as much about the investment’s exit strategy, return on investment, and job creation as the project. Many very good projects put the average investor as significant risk.  Job creation is crucial, as without adequate job creation, immigrant investors risk losing their permanent residency in the US when the I-829 comes up for validation by USCIS.  They may get their money back, but they cannot stay in their new country of adoption. This causes upheaval among families every year and we simply do not want to be a part of that, or responsible for this elemental disruption.  Los Olas is structured to make sure this doesn’t happen."

An interesting advantage for investors in Los Olas is the perks that come with participation.  Each will receive a VIP Founders Club membership that gives them generous rebates on hotel lodging, restaurant services and parking, make this investment interesting for overseas clients and their families and friends.

Strongly supported by local and state governments, the Los Olas project is important not only for Fort Lauderdale but also for future investors.  “The Los Olas project’s estimated return of investment is very high, they will create over 1,300 jobs for the Fort Lauderdale area, and Los Olas is structured to lower financial risks for participants,” continued Jeffers.  “This fits perfectly with our company culture – lowering risks and increasing rewards for all involved.”

A beautiful oceanfront location, a strategically located site, a strong financial model backed by a world famous hotel brand, strong jobs creation projections, and a solid return of investment to immigrants make this a project a winner for Jeffers.  “Reception to the project has been strong – I just recently returned from a two month tour of China and," concluded Jeffers, "interest in this project among immigration agents in China is very high."

 

 

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