WASHINGTON, June 9 (Bernama-GLOBE NEWSWIRE) — Today, EB5 Capital announced the closing of its $40 million preferred equity investment in Daniel Corporation’s Hutchinson Island (JF38) apartment project, located in Savannah, Georgia.
EB5 Capital is making a $40 million preferred equity investment in Daniel Corporation’s 288-unit, Class A multifamily property located across the Savannah River from Historic Downtown Savannah. The project is near the Convention Center and The Westin Harbor Golf Resort and will consist of six residential buildings that are four stories in height with 462 parking spaces. Hutchinson Island (JF38) is scheduled to break ground imminently, and the first units are expected to be delivered in early 2025.
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