LCR Capital Partners and HALL Group Receive First I-526 Approval for EB-5 Investors in Hall Arts II Fund LP

/ -- LCR Capital Partners announced today that the first I-526 approval has been received by investors in Hall Arts II Fund LP, an $82.5 million EB-5 offering financing the construction of the HALL Arts Hotel and Residences, a new luxury boutique hotel and residential high-rise located in Dallas, Texas. Dallas was ranked by PwC as the #1 real estate investment city in the United States. LCR is partnering with HALL Group, the project sponsor, who has a 50+ year track record as a successful real estate development and investment company with over $5 billion of total development experience.

An I-526 approval represents the completion of the first stage of the EB-5 immigration process for investors. According to the United States Citizenship and Immigration Service (USCIS), typical approval times for I-526 petitions range between 29 and 45 months. In contrast, the exemplar-approved HALL Arts project received its first I-526 approval 20 months after its submission.

"We are pleased to see the first investor I-526 approval for this project," said Suresh Rajan, LCR Capital's CEO. "This is tremendous news for the up to 165 investors who will be involved in the project and provides an additional layer of confidence for future EB-5 investors in the HALL Arts project. We are happy for our clients and their families and look forward to continuing to serve them throughout the rest of the EB-5 process."
"An I-526 approval is an especially important milestone for our investors, their families, and for the project. It's a step closer to beginning their conditional residency period in the United States," said Matt Virkstis, LCR's General Counsel. "We look forward to all of our Hall Arts II Fund LP investors receiving their I-526 approvals."
About LCR Capital Partners
For more information, visit https://www.lcrcapital.com/
About HALL Group