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| George Livingston |
MAITLAND, FL --- Positive fourth-quarter economic trends
will likely lead to increased foreign investment in Central Florida commercial
real estate development, particularly benefiting assisted living facilities,
according to longtime regional real estate investment expert George
Livingston.
Livingston, chairman of NAI Realvest in Maitland, said a law
President Obama signed three months ago to extend the nation’s EB-5
immigration policy came at just the right time.
“Sales of industrial properties are up, office prices have
improved, sales of large regional retail malls have been strong, and the
financing environment is improved with low interest rates that are falling
still,” Livingston said.
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| President Barack Obama |
“Overall, real estate prices are generally stable with hotel
prices lower, however, apartment prices continue to show strength,” he said.
But the real gem is found in senior housing, Livingston
said.
“Senior housing occupancies have improved and rents are
trending higher,” he said.
Assisted living facilities are among the best positioned for
the international EB-5 investors due to the high new job count and positive
outlook for this section.
Under EB-5 rules, foreigners can obtain a two-year resident
card for their entire family if they invest a minimum of $500,000 in a
“Targeted Employment Area”--- a high unemployment or rural area --- that
creates or preserves at least 10 jobs for U.S. workers, not including the
investor’s family.
The bill President Obama signed extended a provision
creating Regional Centers to facilitate foreign EB-5 investment. Florida has 22
Regional Centers, second only to California.
“The market now favors acquisition of U.S. real estate,
particularly apartment and senior living properties in select markets,”
Livingston said.
There currently is a shortage of capital for new development
in the U.S., so now is the appropriate time for foreign investors who want a
U.S. Visa to join with an experienced developer in a Regional Center to
construct a high job-producing commercial property such as a hotel or assisted
living facility,” he said.
Contact:
George Livingston, Chairman, NAI Realvest 407-875-9989 Glivingston@realvest.com
Larry Vershel, Larry Vershel Communications Inc. 407 644
4142 Lvershelco@aol.com
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