Developer of Assisted Living Facilities Launches Beijing Trade Mission to Brief Chinese Investors on Florida Opportunities

MAITLAND, Fla. -- A unique development enterprise based in Orlando recently participated in a trade mission to Beijing to brief Chinese investors in a bid to attract investors to develop assisted living facilities in Florida. George Livingston, a principal of Orlando EB-5 Investments, LLC, said an extensive presentation for the potential backers, all members of a fast-growing class of increasingly affluent Chinese entrepreneurs, was made in Beijing. Livingston and Orlando EB-5 Investments are banking on a 23-year old U.S. immigration policy that encourages foreigners to invest in U.S. businesses. The EB-5 immigrant visa category grants green cards to foreigners seeking permanent resident status when they invest at least $500,000 in approved U.S. business enterprises that generate jobs. Currently the U.S. grants 10,000 EB-5 immigrant visas annually. “That is a tremendous volume of investment capital and it substantially benefits the U.S. economy, not to mention our balance of trade,” Livingston explained. Livingston said Orlando EB-5 Investments boasts an influential principal---LivingVentures, Inc. formerly known as Green Global Investments, LLC. LivingVentures currently operates 1,000 housing units in 10 facilities in Toronto, and plans to expand to 3,000 to 5,000 units by the close of 2013, Livingston said. The firm is currently acquiring two Florida properties where it plans to develop 240 residential units for assisted living and memory care seniors. “We are seeking funding from EB-5 investors to acquire and develop assisted living facilities and senior housing throughout Florida,” Livingston said.