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SOURCE Civitas Capital Group
Firm continues rapid growth; expands into Philadelphia, San Francisco Bay Area, and Washington, D.C.
DALLAS, June 18, 2014 /PRNewswire/ -- Civitas Capital Group ("Civitas"), a specialty asset management and financial services firm with operating divisions focused on Alternative Investments, EB-5 Capital and Wealth Management, today announced that United States Citizen and Immigration Services ("USCIS") has approved the establishment of three new EB-5 Regional Centers covering Northern California, Philadelphia, and Washington, D.C.
These new Regional Centers will facilitate substantial and valuable economic development at essentially no cost to taxpayers in three key economic regions in the country. The Regional Centers will seek foreign investors to fund a variety of investments, including real estate, infrastructure and healthcare.
"We've expanded rapidly outside of Texas this year," said Civitas' Chief Executive Officer Dan Healy. "Civitas has become one of the leading providers of EB-5 investment opportunities offering international investors a strong selection of prospective investments across the U.S."
The new EB-5 Regional Centers will provide economic development opportunities in the following communities:
"Regional Centers take a significant amount of work to manage properly, so we've been extremely selective in the development process," continued Healy. "We seek out markets where our partners have an established track record and where we see opportunity to build on our already close relationships with key project sponsors. At the same time, we look to uncover investment opportunities that are powerful and compelling to the global investors that we serve. This strategy is working and I'm really excited about the momentum we've built during the first half of the year."
A Regional Center is an economic entity, public, private or a hybrid of both, established to promote economic growth, improve regional productivity, create jobs and increase domestic capital investment. Congress created the EB-5 Regional Center Program in 1992, facilitating residency applications for foreign nationals willing to invest significant capital in the United States to create permanent, high-quality jobs.
Through its EB-5 Capital division, Civitas is the manager of 13 Regional Centers throughout the United States, which have funded or are in the process of providing hundreds of millions of dollars of EB-5 capital to a range of projects. The projects have created thousands of jobs in the communities where they are located. Earlier this year, Civitas secured approval to operate Regional Centers in Atlanta, Denver, Miami and New York City. The company is the exclusive EB-5 partner for several Texas cities, including Dallas, Fort Worth, Laredo, and El Paso.
About Civitas Capital Group
Civitas Capital Group ("Civitas") is a specialty asset management and financial services firm with operating divisions focused on Alternative Investments, EB-5 Capital and Wealth Management. Civitas evaluates the truth that lies at the core of every investment. We dig deeper, using a rigorous process to evaluate investment opportunities from every angle.
For more information about Civitas, please visit www.civitascapital.com, follow us on Twitter at http://twitter.com/CivitasCG and http://twitter.com/CivitasEB5 or find us on LinkedIn at http://www.linkedin.com/company/civitas-capital-group.
For investor and media inquiries, please contact:
In the United States:
Civitas Capital Group
Tel: +1- 214-572-2308
Ogilvy Public Relations
Ogilvy Public Relations
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