# Scholar-in-Residence Gary Friedland is quoted in a story focusing on the impact of the new EB-5 regulations on the real estate industry, from his research with Professor Jeanne Calderon

1 Faculty News January 22, 2020 ![Bisnow Boston logo ](/sites/default/files/styles/246w/public/assets/images/Bisnow-Boston-logo-feature.jpg?itok=5nuQxYi8)>

Excerpt from [BisNow](https://www.bisnow.com/national/news/capital-markets/eb-5s-in-2020-the-futures-uncertain-and-the-end-is-always-near-102635) -- "'Fewer immigrants will be able to afford the higher minimum investment levels,' said NYU Stern School of Business Scholar-in-Residence Gary Friedland. 'But the increased minimum investment amounts will require fewer investors to raise the same amount of EB-5 capital."'

[Read More](https://www.bisnow.com/national/news/capital-markets/eb-5s-in-2020-the-futures-uncertain-and-the-end-is-always-near-102635)