2011 Investment Helped Catalyze Economic Development in Southern Dallas Submarket
Civitas EB-5 Capital ("Civitas") is pleased to announce that nine (9) investor families in Civitas Zang Triangle Fund, LP, have received unconditional permanent United States residency through the City of Dallas Regional Center ("CDRC") and full repayment of their investment. The CDRC is a public-private partnership between the City of Dallas Office of Economic Development and Civitas.
Civitas Zang Triangle Fund, LP invested $8 million to partially finance the construction of Zang Triangle, a 260-unit apartment complex located one mile south of downtown Dallas.
"Zang Triangle was the first significant apartment project in North Oak Cliff since 1999," said Karl Zavitkovsky, Director of Economic Development for the City of Dallas. "The project has been a driver for additional investment in the area while meeting affordability requirements that will help keep the neighborhood accessible for a wide range of the workers filling the jobs that Dallas is creating. "
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