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Halletts Point’s EB-5 Investors Get Petition Approvals

Regional EB-5 center U.S. Immigration Fund (USIF) said Thursday that the first I-526 petition approvals have been issued to EB-5 investors who provided funding for the Halletts Point apartment complex now under construction along the Astoria waterfront. For the project’s foreign-born investors, I-526 approval means being one step closer to achieving permanent residency status in the U.S.

“Achieving I-526 approvals for another EB-5 funded project is an outstanding achievement for our company,” said USIF president Nicholas Mastroianni III. “To date, over 4,500 investor-families received I-526 approvals through investing in one of USIF’s EB-5 projects. It’s our investors that truly define our success.”

A development of the Durst Organization, Halletts Point will provide a mix of townhomes and and studio, one, two and-three bedroom apartments. Durst also worked with Jupiter, FL-based USIF on financing for its West 57th multifamily project in Midtown Manhattan.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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