GCMA Managed CARc Job Fund - The Artists Row Project Loan Series, LLC Receives Project Pre-Approval Determination From USCIS
On October 25, 2017 Capitol Area Regional Center (CARc) received approval from USCIS of our request to confirm that an EB-5 investment made by a qualified foreign individual through CARc in The Artists Row Project meets the requirements of the EB-5 regional center program and will thus enable the investor, his or her spouse and their minor children, to apply for and each receive conditional approval for a "green card" and permanent legal residency in the USA. Phase I of the project, "Studio 3807", is scheduled to be substantially completed by June 2018, and Phase II, "The Artisan", is expected to begin construction Q1 2018 and be completed in Q3 2019. The Artists Row Project is being developed on Rhode Island Avenue within the vibrant Gateway Arts District of Brentwood, MD by a public-private joint venture between Price Georges County and affiliates of The Landex Organization. Over 500 full time new jobs are projected to be created regionally as a result of the development of Artists Row. To request more detailed information Email Michael Kolodner at mkolodner@gcmafunds.com (Tel. +1-631-423-4290); or Michael Sears at msears@gcmafunds.com (Tel. +1-703-346-8311.
THE ANNOUNCEMENT ABOVE IS NEITHER AN OFFER TO SELL NOR THE SOLICITATION OF AN OFFER TO PURCHASE SECURITIES. ANY OFFERING OF MEMBERSHIP UNITS IN A CARc SPONSORED FUND MAY ONLY BE MADE PURSUANT TO A WRITTEN OFFERING MEMORANDUM AND ONLY IN SUCH JURISDICTIONS WHERE AND TO SUCH PERSONS TO WHOM SUCH OFFER OR SOLICITATION IS PERMITTED. ANY SALE OF MEMBERSHIP UNITS IN A JOB FUND SHALL BE EVIDENCED BY A SUBSCRIPTION AGREEMENT EXECUTED BY AN INVESTOR AND ACCEPTED BY THE FUND.
AN INVESTMENT IN REAL ESTATE, INCLUDING INVESTMENT IN A CARc SPONSORED JOB FUND, INVOLVES RISK. POTENTIAL INVESTORS ARE ENCOURAGED TO RETAIN THEIR OWN PROFESSIONAL ADVISERS TO HELP THEM REVIEW AND EVALUATE THE ECONOMIC, TAX AND OTHER CONSEQUENCES OF SUCH INVESTING. POTENTIAL INVESTORS ARE NOT TO CONSTRUE THE CONTENTS HEREOF, OR ANY OTHER INFORMATION FURNISHED BY CARc OR GCMA AS LEGAL, FINANCIAL OR OTHER ADVICE.