| Development Cost Summary | Totals | Status |
|---|---|---|
| Equity | $9,000,000 | CLOSED |
| Debt | $30,267,986 | CLOSED |
| Total Cost | $39,267,986 | FULLY-FUNDED |
Regency Court is a 152-unit, 568 bed luxury student-housing development, designed to serve students of University of California, Merced. As the closest off-campus student housing development to the University of Califorina, Merced, this world-class project will help solve Merced’s current severe student housing shortage. The EB-5 investor has a rare opportunity to invest in a recession-resistant, TEA project which is expected to produce a market-leading return-on-investment of over 15% per annum, all while minimizing financial and immigration risk through a carefully engineered structure, tailored to deliver an attractive blend of income and long-term capital gains, along with guaranteed job-creation.
| Development Cost Summary | Totals | Status |
|---|---|---|
| Equity | $9,000,000 | CLOSED |
| Debt | $30,267,986 | CLOSED |
| Total Cost | $39,267,986 | FULLY-FUNDED |
| Purchase Land | COMPLETED |
| Obtain Entitlements | COMPLETED |
| Close Initial Financing | COMPLETED |
| Begin Construction | Q2 of 2021 |
| Launch EB-5 Capital Raise | COMPLETED |
| Close EB-5 Capital Raise* | Q1 2021 |
| Complete Construction | Q3 of 2023 |
| Lease-Up and Stabilize | Q4 of 2023 |
| Refinance/Sell | Q1-Q3 2026 |
| Return EB-5 Capital | Q1-Q3 2026 |
* Regency Court EB-5 Fund currently has 4 spots open for investment. The Fund will not be accepting any new EB-5 investors after 03/01/2021.
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |
|---|---|---|---|---|---|
| Preferred Distribution | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 |
| Distributable Cash Flow | $0 | $0 | $52,000 | $52,000 | $52,000 |
| Proceeds From Sale | $0 | $0 | $0 | $0 | $1,904,067* |
| Total | $45,000 | $45,000 | $97,000 | $97,000 | $2,001,067 |
| Annual Yield | 5% | 5% | 10.8% | 10.8% | 122.3% |
| Total Profit | $1,385,067 | ||||
| Total ROI | 153.9% | ||||
| IRR | 20.5% | ||||
* Includes return of $900,000 principal investment
Forecasted returns are net of all management fees, but do not include Administrative Fees, legal fees, or USCIS filing fees which the EB-5 investor is expected to incur.
| Total Jobs Created | 129 |
| Total EB-5 Investors | 5 |
| Total EB-5 Jobs Required | 50 |
| Job Creation Surplus | 79 |
| Job Creation Surplus Per EB-5 Investor | 25.8 |
DEVELOPERS AND PRINCIPALS
The principals of the development group, Regency Court, LLC are Lee Kolligian, Rick Telegan and lead developer, John Kashian. The relationship of these individuals spans back to when Rick Telegan was a real estate broker for Leo Kolligian (Lee’s father) and Leo was partners in the River Park Shopping Center development in Fresno along with developer, Ed Kashian (John’s father).
Lee Kolligian
Lee Kolligian has been dedicated to real estate acquisition and development since 1997. He has been associated with the Merced Community since the late 1980’s in working with his father in the development of the Olivewood Shopping Center in Merced and the acquisition (as part owner) of over 700 acres near the Bellevue Corridor representing a future gateway to UC Merced. He has served on the Foundation Board for UC Merced since 2001 and as its Board’s Chairman. His father was referred to as the “Father of the 10th UC Campus” since he was instrumental on the UC Board of Regents for bringing a campus to the San Joaquin Valley.
Mr. Kolligian owns over 1 million square feet of commercial real estate in Fresno, CA (River Park Shopping Center), San Antonio, Texas (Pets Mart), Hanford, CA (Coscto Center) Grand Junction, Colorado (REI), Phoenix, Arizona (Westridge Mall). He also owns office space in Fresno, Sacramento, and Visalia. He is part owner of a storage facility project managed by Storquest in Denver, Colorado and 4 regional Dominos distribution centers in Raleigh, North Carolina; Orlando, Florida, Aurora, Colorado, and Kennesaw, Georgia, part owner of an Amazon distribution center in Peoria, Illinois. Kolligian and Telegan also land banked projects in Merced, Visalia, Santa Nella and Hanford, California.
John Kashian
John Kashian has been involved in real estate since 1990. He has worked with companies like Terranomics Retail Services in San Francisco, CA and CB Commercial Real Estate in Walnut Creek, CA. He was responsible for leasing shopping centers, tenant representation within the Bay Area and Central Valley. Mr. Kashian then moved into the real estate development arena in 1997, where he was responsible for leasing, entitlement procurement, development and management of over 700,000 sq. ft. Currently Mr. Kashian has developed a 150,000 sq. ft Industrial building in Sacramento, CA and is developing a 500,000 sq ft Shopping Center anchored by Costco in Hanford CA. Mr. Kashian just purchased with Mr. Kolligian and Mr. Telegan a 62,000 sq ft office building in Visalia, CA and another 87,000 sq. ft. Office building with Kolligian in Sacramento, CA. Mr. Kashian been involved with his family’s real estate holdings with Kashian Group and Kashian Enterprises in developing and managing over 1 million square feet of commercial property, 1 million square feet in office and apartment projects (including student housing) in Fresno, CA.
Rick Telegan
Rick Telegan has decades of knowledge in real estate, first as a broker, and now as a principal with his partner, Lee Kolligian on numerous projects around the state. Currently, they are working on a Costco anchored development in Hanford, California which is being chiefly developed by John Kashian. Telegan is also partners with Kolligian in the ownership of the land banked projects mentioned above. He is instrumental in the acquisition, disposition and entitlement process and has performed those services on behalf of dozens of clients on hundreds of properties.
Is Regency Court located in a Targeted Employment Area (TEA)?
Yes. The investment requirement is $900,000 USD.
This EB-5 project offers a substantially higher return-on-investment than other EB-5 projects on the market. Is that because the project riskier?
Absolutely not. Our philosophy is to treat each EB-5 investor just like a normal private equity investor and these ROI figures are common within the commercial real estate development markets. In fact, Regency Court is among the safest EB-5 investments on the market today due to several factors. Please inquire to learn more about the risk mitigation benefits contained within Regency Court.
What are the costs and fees associated with making the investment?
| Administrative Fee | $65,000 You may be eligible for a discount if you invest before January 1st, 2021. Please contact us for me details. |
| Legal Fees | Typical legal fees range from $15,000 to $20,000 for your I-526 and I-829 Petition. We can provide you with introductions to reputable immigration attorneys who can assist you. |
| USCIS Filing Fees |
I-526 Fee: $3,675 I-829 Fee: $3,750 |
What is the track record of the EB-5 Regional Center sponsoring this Project?
The Regional Center and EB-5 asset manager for Regency Court have a 100% approval rate.
How will the Project pay out Preferred Returns while it’s under construction?
Regency Court has added all expected Preferred Return payments into its construction cost budget and has reserved capital on its balance sheet to pay the Preferred Return while the project is under construction. This way, all EB-5 investors can be cash flow positive immediately upon making the investment.
Does Regency Court offer a money-back guarantee if my I-526 Petition is denied?
Yes, you will be refunded 100% of your capital contribution within 60 days of receiving the denial.
If the Project is fully-funded, why is it raising EB-5 capital?
The developer has committed a total of $9 million into Regency Court. $4.5 million of that $9 million was in the form of a bridge equity investment, which is to be replaced by EB-5 capital. This allowed the project to achieve a fully-funded status and secure construction financing. The developer will be able to use the proceeds from the repayment of the bridge capital for other projects within its development portfolio, while still maintaining a majority interest in Regency Court.