TOP CORPORATE AT TORNEYS
CLEM G. TURNER
CHIESA, SHAHINIAN & GIANTOMASI | ATTORNEY
Clem G. Turner is a member
of Chiesa, Shahinian &
Giantomasi’s corporate and
securities group, and the
leader of its corporate EB-5
practice. He brings more than
20 years of experience advising clients on corporate and
securities issues. Turner began advising on EB-5 offshore
securities offerings in 2010. His experience ranges from
simple direct $1 million EB-5 offerings up to complex
$400-million raises. In the aggregate, Turner has counseled
clients who have raised more than $1.5 billion through
the EB-5 program. He is a sought-after commentator and
author on the EB-5 program and routinely lectures at EB-5
events and conferences.
WHAT TRENDS ARE YOU SEEING
IN THE EB-5 INDUSTRY?
China used to supply 85 percent of the capital in the EB-5
industry. Accordingly, the Chinese EB-5 market (which
favored larger real estate projects) set the tone for the
entire industry. Now that India, Vietnam and Latin America
are the major suppliers of EB-5 capital, there is more
diversity in projects securing EB-5 funding. Small and mid-
sized real estate developers with solid track records
seeking $20 million or less are successfully competing for
investors in the new EB-5 markets. Additionally, EB-5
offerings for non-real estate projects (e.g., manufacturing,
franchises and emerging companies) seeking $5 million or
less are being funded.
HOW ARE YOU HANDLING
THE ISSUE OF REDEPLOYMENT?
The key to a successful redeployment is proper
communication. In redeploying older funds, where the
corporate authority to redeploy is not clear, obtaining
consent of the EB-5 investors to redeploy is necessary.
For the consent to be valid under corporate and securities
laws, it must be “informed” consent, i.e., the EB-5 investors
must be provided with all material facts and circumstances
(without omissions) related to redeployment and the
secondary investment. Most recent EB-5 funds grant
fund managers the corporate authority to redeploy,
however providing notice of a pending redeployment of
funds is advisable.
MA
Y 5
, 201
9 • WA S H I N G T
ON
D.C
For 12 years the IIUSA EB-5 Advocacy Conference has been the one and
only EB-5 Industry Conference focused on championing the virtues and
achievements of the Program to Capitol Hill. In 2018 IIUSA was proud to
launch the Industry Achievement Banquet to highlight program
contributions and member success across the country.
/
as a speaker, sponsor or
attendee in the industry’s most
prestigious event featuring 2+ days of premier
educational panels, curated networking opportuni-
ties, and business development. Sponsorships and
tickets are now on sale at discounted holiday rates.
[email protected] | (202) 795-9667 | www.iiusa.org
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