Project Description
ASLD, LP is funding the development of two senior living complexes in suburban Atlanta – Creekside Village in Smyra and Canton Cove in Canton, Georgia. Both areas were certified as TEA’s and are within the geographic area of Southeast Foreign Investment Center, a USCIS-designated EB-5 regional center.
ASLD’s EB-5 investors have provided $9,000,000 in funding for a development totaling over $25,000,000. The facilities are being co-developed by the Provident Group, a large owner-operator of nursing homes, and they will manage it upon completion. These projects involve the new construction of both buildings and a total of 256 jobs will be created. EB-5 investor petitions were filed between April and September, 2014 on behalf of investors from China, Burkina Faso, Iran, Egypt, and India. Construction on the project is, in fact, already underway as investor petitions are being adjudicated.