One of the fastest growing sources of real estate investment funds isn’t coming from pension funds or real estate investment trusts. Instead, foreign investors are using immigration laws to pump billions of dollars into U.S. properties. In exchange for their equity investments, the foreign nationals get legal immigration status. To qualify for the so called EB-5 visas, individual investors must spend between $500,000 and $1 million on real estate deals. And the investment must create at least 10 jobs. The plan allows the investor’s provisional green card to become permanent after two years. The largest number of participants in the program come from Asia and Latin America. Organizations that funnel these funds into real estate investments have popped up in major all over the country. One of the groups – Texas Urban Triangle Regional Center – said Friday that it has formed a partnership with an Irving apartment developer to provide $200 million a year in financial for new deals.
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