|By PR Newswire||
|January 7, 2014 06:01 PM EST||
PASADENA, Calif., Jan. 7, 2014 /PRNewswire/ -- Gary Langendoen, Senior Managing Director of Pasadena's Madison Realty Companies, announced this week that the federal government had approved Madison's formation of the American California Regional Center, matching foreign investors with job-creating construction projects in 19 northern California counties.
The new Regional Center takes advantage of a 1992 amendment to the Immigration Act of 1990, which grants foreign nationals an initial two-year visa if they invest at least $500,000 in job-creating projects in the United States.
Citizens of other countries seeking U.S. visas who invest in the American California Regional Center will see their funds put to work in commercial real estate construction and the development of assisted living facilities and continuing care retirement communities.
Tom Martin, a developer and operator of over 150 assisted living facilities, notes that he "just expanded my current project with EB-5 financing from Madison Realty, and it's now completed and in lease-up."
Madison Realty, founded over 20 years ago, is recognized nationally as a successful developer and owner of assisted living properties throughout the United States. Gary Langendoen, Madison's senior managing director, has been actively involved in more than $3 billion of real estate transactions in a career that spans more than 30 years. He calls the American California Regional Center "a real opportunity for developers to get the equity capital or secondary financing they need to get their projects built. We know the industry, and we can make very quick decisions."
Project eligibility and inquiries on EB-5 funding through the American Capital Regional Center, please visit the contact page located on the Madison Realty website: www.madisonrealtycompanies.com.
About Madison Realty Companies
Madison is comprised of a talented senior management team whose expertise spans over 35 years and three real estate cycles. This level of experience is instrumental in adding value to its commercial real estate investment programs that are in sync with today's market. Madison and its affiliates have a successful track record and over the past six years managed $2 billion of assets including class "A and B" apartments, single-tenant industrial complexes, self-storage, senior living properties, and single family homes.
Contact: Erika Pulver, 1-626-796-8700 x108, [email protected]
SOURCE Madison Realty Companies