MIAMI—While South Florida real estate is extremely popular with Latin American buyers and investors, it is capital from China that promises to change Miami's skyline. Increasingly Miami attorneys, developers and brokers are traveling to China to promote Miami real estate projects among Chinese investors seeking to invest $500,000 on government-approved developments to ultimately obtain the U.S. citizenship.

The program is called EB-5 immigrant visa, and EB-5 funding has the potential to become an important source of capital in Miami's current development boom. GlobeSt.com caught up with Arnstein & Lehr partner Ronald R. Fieldstone, who recently made several trips to China, to discuss the role of EB-5 financing on real estate projects in Miami and across the US.

GlobeSt.com: The Regional Center program is scheduled to expire on September 30, 2015. What are the chances this program will continue? What kind of revamp this program may need?