NEW YORK, NY – CanAm Enterprises (CanAm) is pleased to announce that on June 9, 2021, its private equity affiliate, CanAm Capital Partners (CACP), closed on its latest real estate investment, a $2.5 million preferred equity investment in the redevelopment of a 12-story office building, One Belmont Plaza, located in Bala Cynwyd, Pennsylvania, just outside of Philadelphia. The sponsor is an affiliate of Keystone Property Group.
The $2.5 million capital investment for this project was reinvested from proceeds from the repayment of CanAm’s $20 million EB-5 loan to finance a portion of the Allentown City Center project, namely the development of a Marriott Renaissance hotel and construction of a Class A office building. The Allentown City Center project is part of a 10-year master-planned redevelopment of downtown Allentown by the City Center Investment Corporation.
CanAm Enterprises is a leading full-service financial firm providing immigration-linked EB-5 investment funds as well as conventional financing to qualifying developments. The redeployed capital will remain invested in order to meet EB-5 program requirements for investors impacted by immigration backlogs, while at the same time targeting investment opportunities that have the potential to generate attractive returns for clients. CanAm strives to offer EB-5-compliant redeployment investment options suited to the needs, objectives and risk tolerance of their investors.
About CanAm Capital Partners (CACP)
A private equity affiliate of CanAm Enterprises, CanAm Capital Partners (“CACP”) makes project-level capital investments in real estate and other assets. CACP’s investment strategy focuses on geographies and assets where CanAm has informational, operational, and other competitive advantages. CanAm identifies and partners with mid-sized and regional operators who are specialized by asset type and/or geography and have proven to be experts in their niche with the capacity and potential to successfully execute on their proposed projects, including multifamily apartments, commercial space, mixed-use buildings, hotels, and private equity funds. To date, CACP and its affiliates have funded $254 million of capital in almost 20 private equity real estate investments in major metropolitan areas of the U.S.
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.
