Silverstein Properties Regional Center
Silverstein Properties Regional Center LLC ("SPRC") is an affiliate of Silverstein Properties, Inc. and is located in Downtown Manhattan. SPRC provides opportunities for international investors to fund projects that are anticipated to enhance the local community, improve the economy and create jobs to satisfy the requirements of the EB-5 Program.
SPRC was designated as a regional center by USCIS on April 2, 2014 and will primarily be affiliated with projects that are developed by affiliates of Silverstein Properties, Inc.
What is a Regional Center?
In 1992, Congress created an EB-5 visa category that sets aside 3,000 visas each year for foreign entrepreneurs who invest in commercial enterprises affiliated with "designated regional centers." Regional center designations are granted by USCIS and investors in a project affiliated with a designated regional center can count both "direct" and "indirect" jobs for purposes of the EB-5 Visa Program. Regional centers may only be affiliated with projects that are located within a certain geographic area.
Designation Letter Download Now
WHY INVEST IN EB-5 PROJECTS AFFILIATED WITH THE SILVERSTEIN PROPERTIES REGIONAL CENTER?
SPRC is located in the heart of New York City, which is a global financial, medical, entertainment, technology, fashion, education, media and cultural destination.
SPRC is affiliated with projects that are anticipated to comply with the requirements of the EB-5 Visa Program, as administered by the United States Citizenship and Immigration Services (“USCIS”).
Silverstein Properties, Inc. was founded in 1957 and has developed, owned or managed more than 35 million square feet of office, residential, hotel, and retail properties and the firm currently has more than $10 billion in development underway.
Investors’ EB-5 capital contributions are held in a bank escrow account until escrow release conditions have been met.
Services Provided By REGIONAL CENTER MARKETING AGENTS
Before You Arrive
Our EB-5 Regional Center Team
Mr. Silverstein is a member of the New York Bar and a Governor of the Real Estate Board of New York, having served as its Chairman. He has served as Chairman of the Realty Foundation of New York.
A 1952 graduate of New York University, Mr. Silverstein served as Vice Chairman of the NYU Board of Trustees, where he continues to serve as member of the Board of Trustees for the New York University Langone Medical Center. He is the Founder and Chairman emeritus of the advisory board of the NYU Real Estate Institute. As a Professor of Real Estate, his “Silverstein Workshop” became one of the most attended and informative educational sources for learning real estate development and investment analysis.
Mr. Silverstein donates his time and resources to support many philanthropic endeavors. He has served as Chairman of the Board of UJA-Federation. He is a founding trustee of the Museum of Jewish Heritage in New York and has served as treasurer of National Jewish Health in Denver.
Mr. Silverstein contributes his time and resources to organizations that are dedicated to education and medical research, meeting humanitarian needs and supporting the arts. Mr. Silverstein currently serves as a board member of the New York Philharmonic. He is a classical music enthusiast, a passionate yachtsman and a dedicated New Yorker. Larry and Klara Silverstein have been married for fifty seven years and have three children and one son-in-law, three of whom are executives at Silverstein Properties. X
Prior to joining SPI, Mr. Siri was the CFO of a privately held real estate company whose focus was to own, develop and manage private label hotel brands, residential and mixed use properties; the CFO and member of the investment committee of Seavest Inc. a real estate management firm that developed, financed and operated real estate and healthcare properties across the United States with a portfolio of more than 2.0 million square feet; and, was the Chief Accounting Officer and Director of El Ad Group, Ltd., a real estate company with assets totaling approximately $4.5 billion. Mr. Siri also worked for approximately 10 years with Ernst & Young, as a senior manager in the real estate group.
Mr. Siri is a member of the American Institute of Certified Public Accountants and New York State Society of Certified Public Accountants. X
Prior to joining Silverstein Properties, Mr. Grasso worked in the portfolio management group at ING Clarion Capital. Mr. Grasso's experience spans all property types in addition to capital market expertise including equity syndications, CMBS, CDOs, and high yield whole loans. Mr. Grasso holds a Bachelor's of Science in Finance and Accounting from the Martin J. Whitman School of Management at Syracuse University. X
Signature Bank is a leader in facilitation of EB-5 escrows and has administered more than a billion dollars in EB-5 funds, are experienced with procedures and protocols necessary to navigate applications, agreements, documents and forms that accompany their EB-5 client. They have consistently been rated among the best banks in America, and in 2013 were rated the #2 best run bank by Forbes survey on America’s Best Banks.X
Greenberg Traurig is ranked as one of the top Immigration firms in the United States and has immense experience obtaining project pre-approvals from USCIS and representing investors in connection with the EB-5 program and their investments. EB5Investors Magazine profiled Greenberg Traurig and its many EB5 attorneys for successfully processing thousands of I-526 and I-829 forms. Attorneys Kate Kalmykov, Steve Anapoell, Genna Garver and Jennifer Hermansky were also listed among their “Top 25 Immigration Attorneys in the EB-5 Industry.” They have a long track record in counseling sponsors on developing the appropriate EB-5 vehicle to meet their goals and are experienced in helping clients understand the appropriate laws and structures necessary to implement efficient EB-5 compliance.
Corporate & Securities Counsel
Greenberg Traurig also specializes in securities law counseling and compliance for: sponsors and investors making EB-5 investments; foreign investors preparing I-526 Immigrant and I-829 Petitions; and in Consular Immigrant Visa processing including Employment Authorization Documents.X
EPR is an economic and policy firm that successfully completes projects for their diverse business clientele and organizations on all levels of government throughout the United States and in eastern Canada. They have completed over 250 Eb-5 applications providing objective research, analysis, forecasting, and advisory services ranging from comprehensive and complex economic-job-fiscal impact assessment analysis. In addition to their EB-5 work, the firm develops effective solutions for housing needs assessment studies and for the most complex of economic, financial, and public policy problems.X