EB-5 Presentation

UNITED STATES INVESTOR VISA

EB-5 Immigrant Investor

Program


What is the EB-5 Investor Program?

• 10,000 visas available for individuals who make an investment in a new commercial enterprise

• Applicants (and immediate family members) can become permanent residents of the U.S. within 9 – 18 months


EB-5 Immigration Investor Pilot Program

• 1993: To increase investment through the EB-5 Program, the U.S. Congress introduces the ‘temporary’ Immigration Investor Pilot Program (also known as the Regional Center Program)


Basic Requirements

• Investment requirement of $500,000 into 1 of 70+ designated ‘regional centers’ across the country

• Money must come from legitimate and legal sources

• Investment must create 10 full-time jobs (direct + indirect)

• Money must be ‘at risk’

• Deemed involvement in day-to-day activity


Process and Timing

• I-526: Immigration Investor Petition

Timing: 3 to 6 months (from initial investment)

• Visa Application

• I-829: Removal of Conditions

Timing: 8 to 12 months (from initial investment)

Timing: 21 to 24 months (from immigrating or adjusting status)


EB-5 StatisticsIn 2007, USCIS approved a total of:

473 I-526 petitions

111 I-829 petitions

In 2008, USCIS approved a total of:

640 I-526 petitions

159 I-829 petitions

Up until May 2009, USCIS approved a total of:

912 I-526 petitions

206 I-829 petitions

Why invest in

Seattle, Washington ?

About Seattle

The Greater Seattle The Greater Seattle area is a world-class business location, markedly

unique as a global hub for technology, medical, bio-tech, aerospace and international trade, leading the way in innovation and research. The region is home to corporate leaders and innovators, from Amazon.com, to Microsoft, Boeing and Starbucks. The city's technology sector, with 226,300 workers, is just slightly smaller than Silicon Valley's. The Seattle area ranks first in the country in economic strength, according to a May 2010 study by PO LI COM Corp., an independent research firm, taking into account local wages, jobs and economic growth. Seattle also tied for first place in the Wall Street Journal's 2009 survey of The Next Youth-Magnet Cities. No other city can match Seattle's winning combination of diverse technology sector, quality of life, strong academia presence, and access to the outdoors.

GREEN AND CLEAN

In 2008, Forbes Magazine ranked Seattle the second cleanest city in the nation. Rain, and mild weather patterns help keep the area's air clean. Top it off with clean drinking water from the Cascade Mountain Range and handling trash and recycling, the Seattle area is the leader of the pack when it comes to environmental stewardship.

Farmers Insurance ranked Seattle the most secure place to live in the United States in 2009, due to a long life expectancy, a lack of extreme weather, crime statistics, low risk of natural disasters and environmental hazards, minimal housing depreciation, air quality and high job growth rate.

The Seattle area has long been recognized for its strong and consistent business climate as well as its expert workforce. A number of factors contribute to the region's prosperous business community - from its entrepreneurial strength to the education levels and skill sets of its work force. Seattle consistently ranks as the most educated city: 51.3% of all Seattle adults 25 and older hold bachelor's degrees or better, according the Census Bureau. The region accommodates every major industry, making its work force one

of the most skilled and diverse in the country. Many of today's top businesses call Seattle home, including:

BETTER BUSINESS

Washington has the ninth best climate for businesses in the nation, helped in part by the absence of a personal state income tax, according to a Washington, D.C.-based tax research group. Seattle passed Boston to become the nation's No. 2 high-tech center, according to the Milken Institute's "North America's High-Tech Economy: The Geography of Knowledge-Based Industries" released in June 2009 (Silicon Valley continues to rank No. 1). The study evaluated the number of employees the various technology sectors, employee salaries, and the relative size of the industry compared to the entire city. Washington scored the highest marks in the country with the biggest percentage of people working in the high-tech industry receiving the largest salaries.

The Seattle area has long been recognized for its strong and consistent business climate as well as its expert workforce.

A number of factors contribute to the region's prosperous business community - from its entrepreneurial strength to the

education levels and skill sets of its work force. Seattle consistently ranks as the most educated city: 51.3% of all Seattle

adults 25 and older hold bachelor's degrees or better, according the Census Bureau. The region accommodates every major

industry, making its work force oneof the most skilled and diverse in the country. Many of today's top businesses call

Seattle home including

Amazon

Alaska Airlines Boeing Expedia, Inc.

Expediters International

F5 Networks

Drugstore.com

Getty Images

Trendwest

Nintendo

Lanoka Corp.

Microsoft

Nordstrom Paccar, Inc.

SSA Marine

Star bucks

Symetra

Financial

T-Mobile, Holland America, True Blue, Univar, Inc. Weyerhaeuser, Real Networks REI

GROWTH IN THE SEATTLE AREAThe Seattle-Tacoma-Bellevue metropolitan statistical area (MSA) ranks 13th out of 362 markets nationally

in terms of effective buying income (EBI). The Seattle area's median household EBI is 20% higher than

the national median. Numerous factors contribute to the region's economic prosperity-including steady

population growth and a flourishing, entrepreneurial business sector. Population growth and business

growth in the region is expected to continue in the near future. According to the Puget Sound Regional

Council, the area's population is expected to increase 4.2% over the next 4 years, to nearly 4 million.

According to Conway & Pedersen's (December 2010) Economic Forecaster, the region is showing signs

of employment growth and the number of jobs is expected to increase 1.2% in 2011 and 2.4% in 2012.

Also, personal income is up almost 2.0% from 2009 and housing permits are up 23% for the year.

Boeing

With more than 72,000 workers, Boeing is the region's largest employer and is expected to

continue to add workers in many categories. Recently, Boeing announced it will increase

production of the Renton-built 737 single aisle jets in early 2012 from the current

31.5 airplanes per month to 42 airplanes per month by 2014. Boeing also has ramped up

production of the 777 from 6 per month to 7 per month and then 8.3 per month in

2014. The world's largest aerospace company,

Boeing is the No.2 maker of large commercial jets (behind rival Airbus) and the

No. 2 defense contractor behind Lockheed Martin.

MICROSOFT

Microsoft is the second largest private employer in the state of Washington and its impact on the local economy cannot be underestimated. A recent study by the University of Washington makes several interesting observations on the economic impact Microsoft has had on the region: $43.84 billion (13.6%) of gross state product in Washington was contributed by Microsoft; $7 billion in worker compensation paid ($1.6 billion more than entire aerospace industry); 39,300 local employees (behind Boeing's 71,802); 28.5% of jobs created in Washington State since 1990 are attributable to Microsoft

INTERNATIONAL TRADE

With nearly $66.9 billion in exports in 2008, according to the World Institute for Strategic Economic Research, Washington State ranked as the fourth largest exporting state in the nation, just after Texas, California and New York. Seattle and Tacoma are among the most diversified ports in the Western region, making trade crucial to the state's economy. One-third of Washington-grown products are shipped overseas. The Puget Sound region has been found to be one of the most export dependent metro areas in the nation, according to the Washington Council on International Trade. One out of three area jobs is directly or indirectly related to international trade. In 2010, Washington food and agricultural exports reached $6.1 billion. Two thirds of all Washington agricultural exports flow to Asia.

BIOTECH

Washington State companies stand on the threshold of major breakthroughs that will revolutionize medical diagnostics and therapeutics, agriculture, and a wide variety of industrial processes with increasing economic benefit locally, as well as globally. The technology foundation of Washington's industry is the federally funded cutting edge research conducted at the University of Washington, Washington State University, Fred Hutchinson Cancer Research Center, Pacific Northwest Research Institute, and Virginia Mason Research Center. In fact, nearly one

half of the more than 190 biotechnology and

medical device firms in the state are founded on technologies developed at these institutions.

Since 1980, the state's research institutions have attracted $19.3 billion into the state mostlyfederal research and training money focused on health science and environmental-relatedbasic research. To date, the state's industry has primarily developed as technology

spin-offs from the state's research institutions and older more establishedcompames, and the principal owners'

decision to live and work 1n

Washington State. However, in recent years the region has begun to see companies relocate to Seattle from other states or countries to be closer to their respective technology development centers.

MEDICAL SERVICES

Seattle's reputation as a leader in high technology and biotechnology and the allure of the region's natural beauty attract the world's best minds to several medical service providers. Fred Hutchinson Cancer Research Center is world renowned for its treatment and research into causes of cancer, and its staff includes three Nabel Prize Winners. Harborview Medical Center is responsible for level I trauma in Washington, Idaho and Alaska. Decades ago, it was instrumental in establishing Medic One, one of the country's first emergency-response programs. US News and World Report has listed Harborview's orthopedic serv1ce as one of the top 10 services of its kind in the country for three consecutive years

Synergy Construction, Inc. was founded on the basic principle "Quality with Integrity," which remains its daily focus. Founded in 1990 by Larry and Pamela Stewart, who have over 30 years of experience working as a team in the construction industry, Synergy has built thousands of housing units throughout the Western United States.

Synergy has built an industry-leading reputation by successfully taking on the most technically complex projects and the tightest urban project sites. Synergy's bonding capacity is over $70 million per year, and its expert management staff is experienced with all types of construction, from high-rise to low-rise, as well as indus trial.

Known for its quality workmanship, strong management and communications, the Synergy team makes the construction process a pleasant experience for all-on time and on budget.

Synergy CONSTRUCTION, INC.

AVIARA APARTMENTS-MERCER ISLAND, WA

300,000 SQ FT MIXED-USE BUILDING, 166 UNITS

New construction of a mixed-use building with one and a half floors of below-grade parking, a ground level accommodating different commercial uses and

four floors of apartments with high-end finishes.

COLUMBIA KNOLL-PORTLAND, OR

290,000 SQ FT MULTIFAMILY HOUSING & ASSISTED LIVING

New construction of a combination senior and multifamily com

munity. The project includes a 4-story 208-unit senior building,

8 buildings of housing with 118-units, a community center and childcare facility.

MARKET SQUARE-SHORELINE, WA

200,000 SQ FT MI XED-U SE BUILDING

New construction of 148-units of residential over two levels of underground parking and commercial space. Scheduled to be completed May 2012.

RENTON VETERANS CENTER-RENTON, WA

59 UNIT MIXED-USE BUILDING

This 59-unit building provides support services for former homeless veterans and their families. This project has been recognized as a national model and was awarded 1st place in the category for developments of distinction for its major community impact.

Washington State and Puget Sound

• Seattle is one of the most popular cities in the U.S.

Population

• Cosmopolitan city, beautiful natural landscapes, diverse lifestyles

• Washington State – 6.6 M

• Puget Sound – 3.7 M (forecasted to increase to 4.9 M by 2040)

• Seattle/ King County – 1.8 M

• Everett/ Snohomish County –697 K

• Tacoma/ Pierce County – 806 K

Home of Seattle Businesses

Recent Press About Seattle

• Seattle named a top ‘global gateway’ city Seattle Post-Intelligencer

• Seattle ranks No. 1 for owning office property The Seattle Times

• Seattle rents to rise The Wall Street Journal

SODO (South of Downtown)

SODO Station

Lake Washington

Qwest Field (Home of the Seahawks)

Residence

Sound and Secure Investment and a Pathway to U.S. Permanent Residency

Growth Strategy

• Operate for income – long-term

• Operate debt-free – security

• Wait for the growth to come to us

• Encourage modern industries to locate to SODO

American Life Inc. Company Profile

• Company American Life Inc., Washington State

• Capital Under Management US$ 600,000,000 debt-free

• Total Land Area

US$ 600,000,000 debt-free

50+ Acres

• Offices Seattle, WA, USA (Head Office)

Tokyo, Japan

London, UK

• Management Henry Liebman – President/ CEO

Ray Klein – Vice-President

Gregory L. Steinhauer – COO

Jo Hwang – Administrative/ Marketing/ Investor Management Director

Jim Christensen – CFO

Don Ayers – Property Manager

• Website www.amlife.us

Limited Partnership Structure

Investor Property ALI

Limited Partner Limited Liability

Limited Partnership

General Partner Unlimited Liability

Assigns Management Rights

Purchases AdminOperations

General partner performs: property management, development, and distribution of income to Limited Partners. Investors have no obligation to fund future capital needs.

Investment and Return

Investment

• US$ 530 K (including US$30 K syndication fee)

• Long-term investment for stable income

Rental Income and Capital Gain

• Income from bank interest paid on a monthly basis after one full calendar month cycle of investing

• 70% of income from rents are paid to investors on a monthly basis

• On sale of the partnership interest, there is disbursement of 70% on potential capital gain

Exit Strategy

• Sale of LP slot/ mortgage of LP slot to private investors

• Sale of entire portfolio

• Possible conversion to publicly-traded company

Projects

2400 block on 1st Avenue South

Conversion to Retail and Showroom Adding Value

Starbucks HQ 2400 1st Ave. So. Block properties

facing Starbucks HQ.

After

Projects

3317 3rd Avenue South

Conversion to Retail and Showroom

AfterBefore

Projects

2962 1st Avenue South

Conversion to Retail and Showroom

AfterBefore

Projects

4746 Ohio Avenue South

Conversion to Showroom and Light Industrial

AfterBefore

Customized spaces per tenant

requirements

Building area (sq. feet) 283,000

Land area (sq. feet) 455,037

Projects


Conversion to Retail and Tech

AfterBefore

Projects


AfterBefore

Tenant: Marriott Courtyard Hotel

Capital: US$85M

Capacity: 250 rooms, 15 floors

Building Area: 164,080 sq. ft.

Land Area: 12,960 sq. ft.

Grand Opening: June, 2010

Historical Restoration of an Office Building to a Hotel

Projects


State-of-the-Art

Welcome PedestalsModern Luxury Suites

Indoor Swimming PoolAlaskan Club Ballroom

Stylish Lobby Bar

Comfortable Lobby Area

Projects

1531 Utah Avenue South

After

Main Uses: Office, Retail, Warehouse, Showroom & Parking

Capital: US$55M

Capacity: 6 floors



New Construction of Flex Use Office Building

Project

Safeco Field

Proven Track Record

• Oldest continually active Regional Center in Seattle since 1996

• Manages 11 USCIS designated Regional Centers

• Low Risk of No-Debt Model with US$600,000,000 under

management

• EB-5 and domestic investors invest in the partnership with

same terms

• 650 plus I-526 approvals and 140 plus I-829 (permanent

greencard) approvals to date

• Monthly income distributions from projects

• Second largest land owner in Seattle

American Life Inc. Regional Center


Plan

Main Uses: Office, Retail & Parking

Capital: US$150M

Capacity: 6 floors



New 2-Phase Construction of Office, Retail & Parking

Safeco Field

Project

American Life Inc. Regional Center


After

Elegant Architecture

Phase 1 Completion

Grand Opening Event

Modern Interior Design

Functional Conference Rooms

Beautiful Surrounding Area

American Life Ventures (Tacoma)

901 West Olympic Boulevard

Plan

Tenant: Marriott Courtyard & Residence Inn

Capital: US$168M

Capacity: 393 Rooms, 23 floors



Brand New Construction of Luxury Hotel

Project

Targeted Opening: June, 2014

Regional Center Management Los Angeles

901 West Olympic Boulevard

Plan

Highlights:

• Across from L.A. Live

Brand New Construction of Luxury Hotel

• Close to JW Marriott & Ritz-Carlton hotels

• Ground floor restaurant

• Expansive pool deck

Atlanta Regional Center

3405 BB Parkway

Plan

Tenant: Hilton Homewood Suites

Brand New Construction of Hotel

Capital: US$18M

Capacity: 122 Suites



Targeted Opening: October, 2013

Project

Atlanta Regional Center

3405 BB Parkway

Plan

Highlights:

Brand New Construction of Hotel

• Located in “hotel row” near Hartsfield-

Jackson International Airport

• Near Georgia International Convention

Center

• Upscale extended stay facilities

Riverside Regional Center

Riverside One

Location: North Perris Boulevard & Zevo Drive, California

Conversion of 2 industrial/warehouse facilities

Capital: US$31M Building Area: 639,600 sq. ft.

Land Area: 44.3 acresTargeted Opening: April, 2013

Riverside Regional Center

Riverside One

Highlights:

Conversion of 2 industrial/warehouse facilities

• Great access to freeway

• Expansion opportunities

• Abundant parking

Perris Zevo

Regional Center Properties

Lancaster Lodging

Location: Avenue J-8 & 20th Street, Lancaster, California

Construction of retail complex

Capital: US$18M



Targeted Opening: January, 2014

Construction of hotel

Regional Center Properties

Lancaster Lodging

Highlights:

Construction of retail complex

• Seamless integration of retail complex and hotel

Construction of hotel

• 93-room Marriott TownePlace Suites

• 5,500 sq. ft. stand alone restaurant

Plan

• Near Edwards Air Force Base

Restaurant

Hotel

Retail Complex

PAGODA VILLAGE:

The Pagoda Village at Everett is slated to be the first of many Pagoda Village projects. This first project is in Snohomish County, which is designated a Regional Center within the Immigrant Investor Pilot Program. Each Pagoda Village project will include an indoor farmers market, office space, assisted living facilities, luxury apartments and an upscale extended stay hotel. The vision for these projects is to create a "village" or community that is centered around green living and supporting local agriculture, thus enriching the local economy. On average a Pagoda project will create approximately 1,000 jobs, exceeding the minimum EB-5 requirement of creating 10 direct or indirect jobs per investor. Sustainability is always our focus and each project will be certified under the USGBC's LEED® program at the LEED® Silver level or higher.

The Pagoda Village complexes will be located m exceptionally desirable areas with heavy pedestrian and vehicular traffic and m close proximity to numerous amenities, complementary businesses and employment centers. Organic food is the fastest growing sector of the American food marketplace, and Pagoda Village Farmers' Markets will meet this growing demand for affordable locally grown organic products.

The Pagoda development formula brings the complementary strengths of each business component to create a development that is greater than the sum of its individual parts and achieves true synergy.

The Pagoda Village in Everett, an indoor venue with 60,000 square feet, will be an exciting and vibrant center that connects local agricultural businesses to the community and attracts both residents and visitors. In addition to the year-round market, the project will include 170 luxury apartments and a 110-unit Homewood Suites by Hilton hotel, both with spectacular views of the Puget Sound. The development will also have 15,000 square feet of commercial office space.

The Farmers Market will be one of the first year-round indoor markets in the U.S., providing locally grown organic produce, meat and poultry to the hundreds of restaurants in the Puget Sound. It also will be a destination stop for shoppers from Seattle to Vancouver Island who seek farm-fresh and high-quality produce, meat and dairy locally grown and organic, fresh flowers and other local products. A commercial kitchen within the market will allow vendors to prepare food on-site as well as host the Meals on Wheels program for Senior Services of Snohomish County.

Path America's Everett Pagoda Village project is made possible by the joint partnership between the City of Everett, Snohomish County and Path America. This project is 100% preleased to three major tenants and will be built to suit. The first major tenant is a Homewood Suites by Hilton, an award-winning upscale extended stay hotel offering home-like comforts including full kitchens and business amenities. The second major tenant is Senior Services of Snohomish County, a nonprofit organization that has been providing aid to seniors and the disabled in Snohomish County since 1974. The majority of the support funds come from the county and federal government. The third major tenant is the Snohomish County Growers Alliance, an organization devoted to advancing economic growth among Snohomish County farmers. Snohomish County is a major agricultural county that has pride in the products that it produces. Based on the Economic Impact Report, this project will create a total of

910 jobs (for more detailed information please refer to the full Economic Impact Report).

HILTON HOMEWOOD SUITES

PROJECT NAME: Pagoda Village (Path Farmer's Market, LLC)

LOCATION:2804 Grand Avenue, Everett, Washington, 98201

DESCRIPTION OF PROJECT:170 luxury apartment units, 110-unit Homewood Suites by Hilton, 60,000-square-foot local farmers market and 15,000 square feet of commercial office space

LAND ACQUISITION AND ENTITLEMENT INVESTMENT REQUEST: $5,100,000

TOTAL PROJECT ESTIMATE COST: Approx. $46,665,792

TOTAL EB-5 INVESTORS (70 Families): $35,000,000

CONSTRUCTION LOAN (Path America Guarantor): $8,866,500

PATH AMERICA CONTRIBUTION: $3,000,000

CONSTRUCTION EQUITY SOURCE: Path America will provide 100% of pre-construction costs through EB-5 financing

EB-5 Presentation

Real Estate

seattle adults

immigrant investor program

regional center program

quality of life

air quality

citys technology sector

american life

economic growth