Numbers are easy to publish. Any regional center can put impressive figures on a website. What is harder to produce, and what matters more to an investor doing serious due diligence, is a track record that has been built over decades, tested through difficult conditions, and independently verified by a firm with no stake in the outcome.
CanAm Enterprises has operated in the EB-5 space for more than 20 years. Over that period, the program has changed significantly, the economic environment has shifted repeatedly, and the standards expected of regional center operators have grown considerably more rigorous. CanAm’s track record did not accumulate in ideal conditions. It accumulated in the real world, including through a global financial crisis, a pandemic, and the most sweeping overhaul of EB-5 regulations in the program’s history.
Understanding what that record means, and what it does not mean, is worth taking time to consider.
What the Numbers Represent
CanAm’s most recent independently attested results, verified by PKF O’Connor Davies, LLP through December 31, 2025, confirm a 99.4% I-526 petition approval rate on adjudicated petitions, 3,047 investors who have received their permanent U.S. green cards through CanAm projects, and $2.5 billion in EB-5 capital returned to investors across more than 3,900 families.
These are not projections or targets. They are outcomes, verified line by line by an independent accounting firm operating under standards established by the American Institute of Certified Public Accountants. PKF has no financial relationship with CanAm and no interest in the figures presented.
A Petition Approval Record Built Over Decades
For most EB-5 investors, the primary goal is permanent U.S. residency. The USCIS petition approval record is therefore the most direct measure of whether a regional center is delivering on its core promise.
Across eleven regional centers, PKF attested 5,797 I-526 petition approvals from 6,058 petitions evaluated, a 99.4% approval rate on adjudicated petitions. On the I-829 side, which represents the final step to permanent residency, PKF attested 3,047 approvals with only 15 denials on adjudicated petitions. A further 582 I-829 petitions are currently pending adjudication, meaning that number will continue to grow as USCIS works through its backlog.
These approval rates were not achieved in a single favorable period. CanAm’s petition history spans the introduction of the Regional Center Program, the 2008 financial crisis, the COVID-19 pandemic, and the significant regulatory changes introduced by the 2022 Reform and Integrity Act. Each of those periods required USCIS to scrutinize CanAm’s projects and investor filings under different standards and in different economic conditions. The consistency of the approval record across those conditions is its own form of evidence.
What the Repayment Record Demonstrates
The capital repayment record adds another dimension to that picture, and one that only becomes visible over time.
Repayment is not guaranteed in EB-5. It depends on project performance, borrower execution, and the regional center’s ability to structure investments that protect investor capital over a multi-year horizon. These are things that only become verifiable when an independent firm examines the records.
PKF attested $2.5 billion in EB-5 capital returned to investors across more than 3,900 families in six of CanAm’s regional centers. The remaining five regional centers are excluded from the repayment table not because of any outstanding issues, but because investments in those centers have not yet reached loan maturity. Their results will be reflected in subsequent engagements.
For any investor evaluating an EB-5 regional center, the two most important questions are whether the path to permanent residency is realistic, and whether the capital investment is being managed responsibly. CanAm’s attested results provide documented, third-party verified answers to both.
“For seven years, we have asked an independent accounting firm to examine our records and tell us whether our numbers hold up. For seven years, the answer has been yes. That consistency is not something we take for granted. It reflects the discipline our team brings to every project we finance and every investor relationship we manage. In a market where investors are rightly asking harder questions about who they can trust, we believe independently attested results are the clearest answer we can offer.” — Tom Rosenfeld, President and Chief Executive Officer, CanAm Enterprises
What Due Diligence Should Actually Look Like
Prospective EB-5 investors are frequently told to do their due diligence. What that means in practice is worth spelling out.
A regional center’s track record should be examined across several dimensions:
- What is the petition approval rate, and has it held steady as USCIS scrutiny has increased post-RIA?
- How many projects has the operator financed, and across how many economic cycles?
- Is the repayment record documented in a way that can be independently verified?
- Is the operator structured with meaningful oversight mechanisms, such as a FINRA-registered broker-dealer affiliate and an independent fund administrator?
CanAm’s answers to these questions are documented and publicly available. The full 2025 PKF attestation executive summary, with data tables broken down by regional center, petition type, and outcome, is available for download at canamenterprises.com/company/eb5-track-record.
“The data in this attestation represents real outcomes for real families. PKF has independently verified 3,047 I-829 approvals, meaning 3,047 investors who came to CanAm for a path to permanent U.S. residency have achieved exactly that. And more than 3,900 investors have received their EB-5 capital back in full. Those numbers have been examined line by line by an independent accounting firm. Our job every day is to make sure the next set of attested results looks the same.” — Christine Chen, Chief Operating Officer, CanAm Enterprises
To speak with a member of CanAm’s team, contact (212) 668-0690 or email info@canamenterprises.com.
