DALLAS, April 25, 2013 – Three projects financed by the City of Dallas Regional Center (CDRC), a public-private partnership between the City of Dallas and Civitas EB-5 Funds, have won the Dallas Business Journal’s Best Real Estate Deals awards. Each of the nominated projects won the award in its respective category. The Forest City-Cityplace West Village project took home the award in the Mixed-Use category, NYLO South Side won the Most Creative Financing category, and the Alexan on the Hill led the Urban Multifamily category.
“Our practice is to invest in institutional-quality projects with top-tier sponsors to bring new jobs and economic growth to Dallas,” said Daniel J. Healy, CEO of Civitas Capital Group. “We are excited about these projects, and we congratulate Forest City Enterprises, Matthews Southwest, and Trammel Crow Residential on their awards.”
The Forest City-Cityplace West Village development began construction in 2013. Located in the heart of Uptown, the twenty-story residential tower also features a four-story wood framed building and will bring a new urban living experience to Dallas, complete with retail and restaurants.
The NYLO South Side Hotel, which opened in September 2012, won the Most Creative Financing category. The CDRC made a $5.5 million preferred equity investment to redevelop a historic building into the 76-room NYLO Dallas South Side boutique hotel. The five-story hotel located in the growing Cedars neighborhood of Dallas also includes a full-service restaurant, indoor lounge and rooftop bar and pool.
The CDRC has made a sizable loan to finance construction of the Alexan on the Hill, which won the Urban Multifamily category. The eight-story, class-A mixed-use property is slated to begin construction in May 2013. The facility will feature 388 luxury apartments as well as restaurant space.
“Each of these projects is a great example of how the EB-5 program can drive economic growth and create new jobs in Dallas,” continued Healy. “We look forward to building on these successful investments in the future.”
The City of Dallas Regional Center is the official EB-5 regional center of the City of Dallas. In a unique public-private partnership, the City collaborates with Civitas Capital Group to provide the highest quality EB-5 investment opportunities to investors around the world. The CDRC takes full advantage of the City of Dallas’ pro-business culture, steady growth and job creation, all of which have made the City and the surrounding region a magnet for corporate headquarters, business expansion and foreign trade.
For investors seeking a more progressive and objective evaluation of the options available, Civitas Capital Group is an independent specialty asset management and financial services firm with operating divisions focused on Alternative Investments, EB-5 Funds 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, visit civitascapital.com.