WALTC, LP

The WALTC, LP project is in fact quite similar to the OIF2, LP one described above. Developed in cooperation with Whitestone Realty Capital, this will be another Towne Club facility and the project site is located off of Windermere Parkway in Cumming, Georgia, a suburb of Atlanta. The total project cost of this facility is about $38,000,000 including a $6,000,000 EB-5 investment from twelve investors. Investors filed I-526 petitions in 2012 and 2013 and 100% of investors in this project were approved at the I-526 stage. Construction is to begin in the fourth quarter of 2014 with an eye towards opening the facility in early 2016.