Protected: CLMO, LP

The CLMO, LP Project involves the rehabilitation of the former Municipal Courts Building in St. Louis, Missouri. The Project was opened in 2017 and already has attracted EB-5 investors from Canada, Bangladesh and Vietnam. The Project involves the development of a Hyatt Place Hotel and the site was certified as a Targeted Employment Area in August 2017. CLMO, LP was formed as a Virginia Limited Partnership on August 18, 2016 to take part in the development of this hotel development project. CLMO shall be one of three equity holders in this project and its general partner is Red Leaf Development, LLC (“Red Leaf”), a Virginia Limited Liability Company which has served as the general partner of many limited partnerships comprised of EB-5 investors within recent years. The CLMO project involves the development of a Hyatt Place hotel in the former municipal courts building in St. Louis, Missouri – the “Project” or the “Courthouse Hyatt Project.” The Courthouse Hyatt project will be raising $8 million in EB-5 equity as part of a roughly $59 million project. There are three equity holders in the project in the following shares: CLMO holds 47.5%; Nelson Development (“Nelson”) of Des Moines, Iowa holds 47.5%; and, Vertical Realty Advisors, LLC (“VRA”), the local St. Louis-based partner, holds 5%. The joint venture entity is called “MCB Hotel Owner Venture LLC,” and this entity would be considered the “job-creating entity” for EB-5 purposes. Another noteworthy aspect of this partnership is that AII Funds and Nelson have already teamed up to develop another successful – and complete – historic rehabilitation project funded through the EB-5 program, which is...