Civitas Capital Group, a Dallas-based alternative investment manager offering niche opportunities in U.S. real estate, today announced that an Indian national investor in Civitas’ Aspen project has received I-526E approval in less than two months. This is the firm’s second approval on a Form I-526E, Immigrant Petition by Regional Center Investor since passage of the EB-5 Reform and Integrity Act of 2022 (“RIA”).
The processing time for this immigrant petition approval is significantly faster compared to pre-RIA petitions, where adjudication would often stretch over several years.
“Positive news like this has really boosted confidence in the EB-5 program among investors,” said Jeff Kiser, Director and Head of EB-5 Investor Relations for Civitas. “52 days is one of the fastest approvals we’ve seen in the industry since the RIA was enacted.”
This Form I-526E approval comes on the heels of other recent Civitas approvals of another Form I-526E, as well as approval of Form I-956 and Form I-956F. The Form I-526E was filed October 16, 2023 by Tristani Law, LLC.
Civitas is helping to finance the construction of a 72-unit multifamily development, just outside of Aspen, Colorado.