EB5 Capital Closes US$42.4 Mln Investment In Atlanta Housing Project

KUALA LUMPUR, Sept 24 (Bernama) -- EB5 Capital has announced the closing of its US$42.4 million investment in Woodfield Development’s Atlanta Woodrow Apartments (JF41) project. (US$1=RM4.19)

In a statement, EB5 Capital Senior Vice President of Investments, Jonathan Mullen said this project is a great example of how the EB-5 Program helps redevelop communities.

“We are proud to be part of a project that will bring over 900 new jobs to a high-unemployment area and contribute to the continued growth of the South Atlanta region,” he said. 

Located in Atlanta, Georgia, the high-unemployment Target Employment Area (TEA) project is a Class A multifamily development featuring 300 units across four modern apartment buildings and 25 townhomes.

The development will include expansive amenity space, including a resort-style pool and lounge, a state-of-the-art fitness centre, and a vibrant gaming courtyard, all complemented by top-of-market interiors and finishes.

Strategically located just 10 miles from Hartsfield-Jackson Atlanta International Airport, the site offers strong connectivity and proximity to major employers like Coca-Cola, UPS, Delta Airlines, and CNN.

JF41 marks EB5 Capital’s 21st multifamily investment and its second project in Georgia. Construction is scheduled to start in the third quarter of 2025, with completion anticipated by the first quarter of 2027.

Headquartered in Washington, DC, EB5 Capital provides qualified foreign investors opportunities to invest in job-creating commercial real estate projects under the United States Immigrant Investor Program (EB-5 Visa Program), raising over US$1 billion of foreign capital across over 45 EB-5 projects.

-- BERNAMA