The New York-based private equity firm CanAm Capital Partners, affiliated with the leading EB-5 regional center operator CanAm Enterprises, continues to expand its investment operations in the United States.
CanAm Capital Partners (“CACP”), an affiliate of CanAm Enterprises, is proud to announce that its recent private equity investment deal closed. CACP has invested $4 million in the development of The Civic, a mixed-use property in Philadelphia with a project budget of approximately $26.8 million. CACP’s investors may be eligible for preferential tax treatment as The Civic is located in an Opportunity Zone within central Philadelphia. Developed, owned and managed by Philadelphia real estate development veteran MMPartners, The Civic will embrace the original fabric of both the building and neighborhood while providing extraordinary amenities, convenient access to transportation and stylish design that all caters to the needs of millennials – one of the fastest growing demographics of renters in the region.
With more has more than 30 years of experience, CanAm Enterprises has raised and invested over $2.8 billion since inception. As the leading EB-5 regional center operator with over $1 billion of capital repaid to more than 2,000 EB-5 investors to date, CanAm Enterprises has established many long-lasting relationships with international investors. In response to demand from investors seeking new investment opportunities with attractive risk-adjusted returns, CanAm established CanAm Capital Partners to provide select private investment opportunities focused on geographies and assets where CanAm has informational, operational and other competitive advantages. CACP makes project-level capital investments with an average 3-5 year holding period and generally target a +10% annual internal rate of return combined with cash distribution upon stabilization.
“Many of CanAm’s investors have been looking for new investment opportunities after their EB-5 investments are repaid. We are excited to build on our 30 years of experience and offer unique investment opportunities that produce highly attractive risk-adjusted returns to our investors beyond the EB-5 program,” said John Reid, Director of Project Development at CanAm Capital Partners.
The Civic investment is offered together with CanAm’s long-time partner, the Philadelphia Industrial Development Corporation (“PIDC”), Philadelphia’s city-wide economic development corporation, which has 60 years of experience. CanAm has partnered with PIDC in the EB-5 program for 16 years. CanAm Capital Partners is thrilled to extend its cooperation with PIDC beyond the EB-5 program.
CanAm Capital Partners, LLC (“CACP”) is a New York-based private equity investor, manager and advisor with a primary focus on real estate principal investment. CACP is an affiliate of CanAm Enterprises, the largest EB-5 lender in the United States. CACP and its affiliates have been involved as a principal or lender in transactions with an aggregate transaction value in excess of $2.8 billion in multiple markets across the U.S. For more information, please visit: www.canamcapital.com/cacp
CanAm Enterprises, with over three decades of experience promoting immigration-linked investments in the US and Canada, has a demonstrated track record of success. With over 60 financed projects and $3 billion in raised EB-5 investments, CanAm has earned a reputation for credibility and trust. To date, CanAm has repaid more than $2.26 billion in EB-5 capital from over 4,530 families. CanAm manages several USCIS-designated regional centers that stretch across multiple states. For more information, please visit www.canamenterprises.com.