EB-5 Research

New Article by Scholar-in-Residence Gary Friedland, Esq. and Professor Jeanne Calderon, Esq.
EB-5 Proposed Regulations: A Missed Opportunity, Next Steps for Reform (Rev. 2/14/17)

Article by Scholar-in-Residence Gary Friedland, Esq. and Professor Jeanne Calderon, Esq.
EB-5 2.0: Can Account Transparency Save the Program? (Draft, 10/6/16)

Article by Scholar-in-Residence Gary Friedland on his participation in the latest Senate Judiciary Committee Hearing on EB-5
Reflections on the Senate Judiciary Committee Hearing on EB-5: Time for TEA Reform (4/25/16)

Scholar-in-Residence Gary Friedland will be speaking in front of Congress regarding his research with Professor Jeanne Calderon on TEA reform.
The Distortion of EB-5 Targeted Employment Areas: Time to End the Abuse (4/13/16 - with video link)

New EB-5 Research by Professor Jeanne Calderon and Scholar-in-Residence Gary Friedland!
EB-5 Capital Project Database: Revisited and Expanded (3/29/16)

EB-5 Mezzanine Financing: A Real World Example (3/23/16)


On February 11, 2016 Professor Jeanne Calderon testified before congress, citing research with Scholar-in-Residence Gary Friedland on the Immigrant Investor EB-5 Program.  
(NYU Stern Research Highlights Article)

House of Representatives Judiciary Committee Hearing:  Is the Investor Visa Program an Underperforming Asset?

After releasing "A Roadmap to the Use of EB-5 Capital: An Alternative Financing Tool for Commercial Real Estate Projects" in 2015, Professor Jeanne Calderon, Esq. and NYU Stern Scholar-in-Residence Gary Friedland, Esq. have remained thought leaders with regard to EB-5 Finance.  They are frequently called upon as experts in the field to provide analysis and commentary on the shifting policies surrounding EB-5 Finance projects.  Listed below are the most recent articles, publications, and appearances by Calderon and Friedland referencing their leading research in the field. 
 

►New Research by Professor Jeanne Calderon and Scholar-in-Residence Gary Friedland on proposed changes to the TEA definition and minimum investment amounts.
What TEA Projects Might Look Like Under EB-5 2.0: Alternatives Illustrated with Maps and Data (rev. 2/6/16) (Working Draft)
by Professor Jeanne Calderon and Scholar-in-Residence Gary Friedland

 

►EB-5 Articles: 
EB-5 2.0?  Not Even 1.1 - For Now (12/17/15)
by Professor Jeanne Calderon and Scholar-in-Residence Gary Friedland

 

NYU Stern EB-5 Research Citations
Citation: EB-5 Immigrant Investor Program Modernization (Proposed Regulations) released by the Department of Homeland Security

Citation: EB-5 Immigrant Investor Visa released by the Congressional Research Service

Citation: EB-5 Program: Successes, Challenges, and Opportunities for States and Localities released by the Bipartisan Policy Center

Citation:  U.S. GAO Report to Congressional Requesters
 
Events: 

On March 27, 2015, the Center for Real Estate Finance Research sponsored an EB-5 Financing Summit which was prompted by the Center’s release of a paper focusing on this topic. “A Roadmap to the Use of EB-5 Capital: An Alternative Financing Tool for Commercial Real Estate Projects”, co-authored by Professor Jeanne Calderon and Gary Friedland, an NYU Stern Scholar-in-Residence, provided the springboard for this forum at which leaders in real estate finance freely exchanged ideas about current issued raised by developers’ use of EB-5 capital.
 

EB-5 Research Press

Politifact: Mostly True: Leahy claim on immigrant investment throuogh EB-5 program (3/21/17)
by Miriam Valverde

CityViews: Emerging Kushner Deal Suggests What's Wrong With U.S. Investor Visa Program (3/20/17)
by Norman Oder

CityLab: When Harlem Unemployment Pays for Midtown Luxury (1/31/17)
by Kriston Capps

Judicial Watch: Swamp EB-5 (12/7/16)
by Micah Morrison

The Guardian:  $50m Trump-branded development reliedon immigrant visa funds (12/3/16)
by Edward Helmore

The NYT: U.S. Foreign Investor Program Funding More Luxury Projects (11/15/16)
by Liz Moyer

The WSJ:  Lawmakers to Revisit Debate Over Visa Program (4/12/16)
by Eliot Brown

The Real Deal:  How much longer will the love affair last? (4/1/16)
by E.B. Solomont

The Real Deal:  Reining in regional centers (4/1/16)
by E.B. Solomont

The Real Deal:  The banking bonanza (4/1/16)
by E.B. Solomont

The Commercial Observer: EB-5 2.0? Not Even 1.1 - For Now (12/15/15)
by Jeanne Calderon and Gary Friedland

The Commercial Observer: EB-5 and the American Dream (12/2/15)
by Jeanne Calderon and Gary Friedland

The Orange County Register:  Need a fast track to citizenship?  Invest in these Orange County luxury hotels (10/13/15)
by Jeff Collins

The Orange County Register:  EB-5 loans:  low rates, big rewards (10/11/15)
by Jeff Collins

Commercial Observer:Chinese Investors Prefer TEA (10/5/15)
by Jeanne Calderon and Gary Friedland

Business Day: Letter From Washington: Immigrant Investors Spawn New US Industry (9/10/15)
by Simon Barber

Bloomberg:  NYC Developers Face Clash in Washington on Visa Program (7/20/16)
by Sarah Mulholland

The Wall Street Journal: How a U.S. Visa-for-Cash Plan Funds Luxury Apartment Buildings (9/9/15)
by Eliot Brown

The Real Deal: Who's using EB-5? (6/1/15)
by E.B. Solomont

The Real Deal: EB-5's Underbelly (6/1/15)
by E.B. Solomont

The Real Deal: Shaking up EB-5 (6/1/15)
by E.B. Solomont

EB-5 Research Papers

A Roadmap to the Use of EB-5 Capital: An Alternative Financing Tool for Commercial Real Estate Projects by Professor Jeanne Calderon, Esq. and NYU Stern Scholar-in-Residence Gary Friedland, Esq.

What TEA Projects Might Look Like Under EB-5 2.0: Alternatives Illustrated with Maps and Data (rev. 2/6/16) (Working Draft) by Professor Jeanne Calderon and Scholar-in-Residence Gary Friedland