“Simpson Place will be a catalyst for economic development and exemplifies the collaborative spirit of the EB-5 program,” said Civitas Capital Group CEO Daniel J. Healy. “EB-5 capital is intended to support projects that would not have been funded otherwise. Such projects align with economic and community development priorities, often as part of a larger economic development plan.”

Since 2009, Civitas has managed the city of Dallas regional center, a public-private partnership with the city of Dallas office of economic development. The partnership attracts foreign direct investment to job-creating projects in underserved Dallas communities. Through the regional center, Civitas has invested more than $320 million of EB-5 capital in 18 Dallas projects, creating thousands of direct and indirect jobs.

The Dallas regional center attracts capital through the federal EB-5 immigrant investor program, which gives investors from other countries the opportunity to receive US permanent residency, or a green card, if they invest $500,000 in a US business or project. The investment must create at least 10 new jobs for American workers. EB-5 capital plays a critical role in facilitating economic development in historically underserved areas. The regional center is considered a model among the nation's EB-5 regional centers.

“Through local partnerships, we're able to invest back into the community and propel a larger economic development plan that will create jobs and improve quality of life for underserved and underdeveloped neighborhoods,” Healy tells GlobeSt.com.

n order to meet the needs and demands of the changing healthcare industry, real estate professionals need to adapt their strategies to new circumstances. Join us at RealShare Healthcare Real Estate on Dec. 7 and 8 for insights on succeeding in both the right markets and product types as well as navigating and finding opportunities in the more challenging ones. Learn more.

DALLAS—A trifecta of benefits can be found in the latest East Dallas senior housing project. Simpson Place is not only an affordable assisted living facility, but a job creator and an international investment vehicle.

The facility located at the intersection of Simpson Street and North Hill Avenue is now open, according to Civitas Capital Group. The $15 million, 150-unit affordable assisted living facility has more than 95,000 square feet of space.

“Simpson Place is a win-win-win. It provides low-income Dallas seniors with a chance to remain near family, friends and familiar support systems as they age. It creates new jobs in the community and it offers economic benefits to the businesses and municipal organizations that provided financing,” said Karl Zavitkovsky, director of the office of economic development for the city of Dallas.

Simpson Place was financed through a model public-private partnership that includes multiple municipal organizations and private businesses, including Dallas Housing Authority, city of Dallas, Federal Home Loan Bank, Amegy Bank, Stonegate Senior Living and city of Dallas Regional Center.

“Simpson Place will be a catalyst for economic development and exemplifies the collaborative spirit of the EB-5 program,” said Civitas Capital Group CEO Daniel J. Healy. “EB-5 capital is intended to support projects that would not have been funded otherwise. Such projects align with economic and community development priorities, often as part of a larger economic development plan.”

Since 2009, Civitas has managed the city of Dallas regional center, a public-private partnership with the city of Dallas office of economic development. The partnership attracts foreign direct investment to job-creating projects in underserved Dallas communities. Through the regional center, Civitas has invested more than $320 million of EB-5 capital in 18 Dallas projects, creating thousands of direct and indirect jobs.

The Dallas regional center attracts capital through the federal EB-5 immigrant investor program, which gives investors from other countries the opportunity to receive US permanent residency, or a green card, if they invest $500,000 in a US business or project. The investment must create at least 10 new jobs for American workers. EB-5 capital plays a critical role in facilitating economic development in historically underserved areas. The regional center is considered a model among the nation's EB-5 regional centers.

“Through local partnerships, we're able to invest back into the community and propel a larger economic development plan that will create jobs and improve quality of life for underserved and underdeveloped neighborhoods,” Healy tells GlobeSt.com.

n order to meet the needs and demands of the changing healthcare industry, real estate professionals need to adapt their strategies to new circumstances. Join us at RealShare Healthcare Real Estate on Dec. 7 and 8 for insights on succeeding in both the right markets and product types as well as navigating and finding opportunities in the more challenging ones. Learn more.