AISA Investment Advisers Engaged for 45-Story development at Park Row, Manhattan
We’re pleased to share that AISA Investment Advisers has been engaged by L&M Development Partners to provide independent monitoring service for the EB-5 investors in its 25 Park Row project in lower Manhattan.
The service is part of AISA’s full range of solutions offered to EB-5 project sponsors. AISA’s services are primarily structured to enhance investor protection, mitigate conflicts of interest and to ensure compliance with increasingly stringent regulatory requirements and the upcoming EB-5 integrity measures.
In today’s increasingly competitive funding environment, project sponsors find that investor safeguards also help to improve the marketability of their offering. “By engaging a regulated financial entity, we are offering the gold standard in investor protection, as one of the features distinguishing our offering in the marketplace,” said David Dishy, President of Development and Acquisition and Partner at L&M Development.
The project at 25 Park Row is a mixed-use development in one of New York City’s prime locations and is being co-developed by the Friedman family (J&R) and L&M Development Partners (“L&M”), one of New York’s premier real estate firms. The project, currently under construction in Lower Manhattan on City Hall Park, will include 110 residential condominium units and 67,000 s.f. of flagship commercial space.