CanAm’s 46th EB-5 project repays in full, marking more than $2 billion in EB-5 capital repaid for the benefit of over 4,000 investor families.
CanAm Enterprises (CanAm), a top EB-5 regional center operator, has for the fourth time released an audit of CanAm’s accumulated EB-5 track record performed by PKF O’Connor Davis (PFK), an internationally recognized accounting firm. PKF’s certified audit confirms that, as of December 31, 2021, CanAm’s EB-5 projects have repaid in excess of $2 billion in EB-5 capital representing investments made by more than 4,000 EB-5 investor-families. In addition, the audit confirms that 99%* of the USCIS adjudicated immigration petitions for CanAm’s EB-5 projects have been approved and that the less than 1% of denials were due to reasons unrelated to the performance of CanAm-sponsored projects.
PKF’s audit report provides EB-5 investors and industry stakeholders with credible, third-party verification of the accuracy of CanAm’s EB-5 track record. This is particularly important for EB-5 investor families who are now making important EB-5 investment decisions in the wake of the Program reauthorization and all the changes brought about by the new legislation.
“At CanAm, our team truly understands the uncertainty caused by the past two years of COVID, the Program lapse last year, and how the new Program rules will impact them. We hope that our investor families are reassured that our track record confirms the depth of the knowledge, values and experience we have brought to EB-5 over many years” said CanAm President and CEO Tom Rosenfeld.
“To have more than $2 billion in EB-5 capital repaid, including $450+ million in 2020 and another $228 million in 2021 during the global pandemic from seven different projects confirms that we have the experience investors can trust during times such as these. A track record like ours does not happen by accident; it is the result of hard work, attention to detail and business values that always puts the interests of our investor families first” added Rosenfeld.
Please contact us if you would like a copy of the PKF audit summary.