11
News
www.asianhospitality.com
September 2025 | Issue 240
Peachtree’s FL development
gets EB-5 approval
It raised $47 million in construction financing for the project
eachtree Group recently secured
EB-5 approval from Citizenship
and Immigration Services
for Madison Bradenton, a 240-unit
multifamily development in Bradenton,
Florida. It also raised $47 million in
construction financing with a four-year
term for the project on a 10.7-acre site
in Manatee County.
The approval allows the company to
advance its EB-5 Immigrant Investor
Program, which directs foreign
investment to U.S. job creation,
Peachtree said in a statement.
“Madison Bradenton reflects the
strong demand for high-quality
multifamily housing in growing
markets,” said Adam Greene,
Peachtree’s executive vice president
of EB-5. “This project underscores
our ability to pair EB-5 financing with
secured lending, delivering attractive
opportunities for investors while
meeting critical housing needs.”
The project will include five four-
story apartment buildings with
elevators, a two-story carriage
building and a clubhouse, with
residences averaging 1,027 square
feet and featuring private patios or
balconies. The location provides access
to employment centers, healthcare
facilities and Siesta Key Beach.
Atlanta-based Peachtree is led by
Greg Friedman, managing principal and
CEO; Jatin Desai, managing principal
and CFO and Mitul Patel, principal.
This is Peachtree’s fourth approved
I-956F application, following projects
such as Home2 Suites by Hilton in
Boone, North Carolina; SpringHill
Suites by Marriott in Bryce Canyon,
Utah and TownePlace Suites by
Marriott in Palmdale, California. In
May, Peachtree secured USCIS approval
for four regional centers—South,
Northeast, Midwest and West—allowing
it to sponsor EB-5 projects in those
territories.
The EB-5 visa program allows
foreign investors to obtain a green
card by investing in a U.S. commercial
enterprise that creates
jobs, the statement said.
Investors who contribute
at least $800,000 to a
project that creates or
preserves 10 full-time
jobs for U.S. workers are
eligible for permanent
residency.
In July, Peachtree
launched the $250 million
Special Situations Fund
to invest in hotel and
commercial real estate
assets affected by capital
market illiquidity. The
fund targets properties
with value-add potential
while limiting downside
risk and is positioned to
step in where traditional
capital has pulled back,
as nearly $1 trillion in
commercial real estate
loans mature in 2025 and
hotels face refinancing and
capital needs, Peachtree
said in a statement.
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Peachtree Group secured
EB-5 approval for Madison
Bradenton, a 240-unit
multifamily development in
Bradenton, Florida.