L-R: Dan Healy, CEO Civitas Captial Group; DC Judge Clay Jenkins
Dallas, Texas – July 2, 2013 – Judge Jenkins traveled to Beijing Friday with Civitas Capital Group CEO Dan Healy to speak with Chinese investors about opportunities to make EB-5 investments in the Dallas Arts District.
The investment opportunity is in the soon to be constructed Hall Arts Center, a16-story LEED-certified office building and adjacent public sculpture garden. Hall Arts Center will be located on Ross Avenue between the Cathedral Guadalupe and the Wyly Theatre, directly across the street from the AT&T Performing Arts Center. Lead tenants in the building are accounting firm KPMG, law firm Jackson Walker and project developer Hall Financial Group, which will relocate its offices from Frisco.
The EB-5 investment is sponsored by the City of Dallas Regional Center, a unique public-private partnership between the City of Dallas and Civitas EB-5 Funds which has aggressively and successfully pursued EB-5 investors for the last three years, raising more than $250 million in foreign direct investment for Dallas projects. EB-5 investors typically accept a lower rate of return in exchange for the opportunity to invest at least $500,000 in a project that will create a minimum of ten American jobs per investor. Provided these requirements are met and the investor completes a stringent background investigation, the investor receives permanent U.S. residency.
The short weekend trip marks Judge Jenkins’ second visit to the Far East since taking office in 2011. “Dallas County is diverse and thriving, but we compete in a global economy. Access to flexible foreign investment has been one of the many important tools we’ve used to rebound from the recession better than just about anywhere else,” said Jenkins.
The City of Dallas is providing $7 million in tax increment financing reimbursements for the Hall Arts project, in recognition of the substantial contribution that the project’s public sculpture garden will make to the thriving Arts District. Dallas Mayor Mike Rawlings said, “The Hall Arts Center project has been a long time coming, and I am pleased that the CDRC is playing such a key role in bringing it to fruition. I thank my friend, County Judge Clay Jenkins, for his support for the project and the CDRC.”
Civitas CEO Dan Healy said, “The active support of the public sector is a key factor that makes the CDRC different from any other regional center, as shown by the demand we’ve seen for this project from EB-5 investors all over the world. We thoroughly enjoyed hosting Judge Jenkins on this trip. It was a great example of our public-private partnership in action, and I look forward to future collaborations.”
About Civitas Capital Group
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. civitascapital.com
About the City of Dallas Regional Center
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 Management 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.
About Dallas County
Dallas County is a 21st Century mosaic of cultures and socio-economic diversity and with a population of nearly 2.5 million people and 26 cities, is the ninth largest county in the nation. The County Judge is the highest elected county official and serves as chief executive, administrative and presiding officer of the Commissioners Court. The Commissioners Court administrates county government: sets the County tax rate, adopts the budget, appoints boards and commissions, approves grants and personnel actions and sets the tax rate for the hospital district to provide acute medical care for residents who would not otherwise receive it.
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