HALL Group and LCR Capital Partners Complete Capital Raise for HALL Arts II

LCR Capital Partners and its Partners are pleased to announce they have completed the EB-5 capital raise for the HALL Arts II Fund, LP, an EB-5 fund to support the development of the HALL Arts Hotel and Residences in Dallas, Texas, by HALL Group. Having received the final subscription agreements, the HALL Arts II Fund has raised a total of $105 million from 183 subscribers.

This luxury mixed-use building, set in the Dallas Arts District, has 48 units in the 28-story residence building; a 12-story, 183-room hotel operated by the Curio Collection by Hilton; and two fine retail outlets.


The full development cost was $310.14 million for the hotel, residences and retail. This EB-5 project was initiated in 2017 with a successful raise of $69 million before the end of November 2019. After the enactment of the new EB-5 Reform and Integrity Act of 2022, the fund was reopened to raise capital for the interior finish out of luxury residences.

HALL Arts Hotel and Residences received its original I-924 exemplar approval on November 30, 2017, and has seen over eight I-526 approvals and 1 conditional green card because of the project’s clear documentation. In addition, the HALL Arts Residences subproject sponsored additional 45 EB-5 investors from another project for their I-829 petition and eight of the investors out of these 45 have received I-829 approval and permanent green card.

Under the new legislation, the I-956F filing was made on August 24, 2022. Although the new I-956F form has not been adjudicated yet, the first eight I-829 approval with the jobs created by Hall Arts Residence, which is the final review of the project’s job creation by individual investors, were received on November 17, 2022.


“When we underwrite our EB-5 projects, we look for partners who are committed to the program. The recipe for a successful project is clear: disciplined fund management, experienced legal counsel, independent third-party fund administration, and a developer who has a track record of completing projects successfully. LCR has deep appreciation and respect for the Hall Group, their track record, and their commitment to the EB-5 program,” said Sherman Baldwin, CEO of LCR Capital Partners.

The HALL Arts Hotel and Residences was developed by the Dallas-based HALL Group, which has a 50-year history of successful commercial real estate development. Founded in 1968, the HALL Group is owned by founder and chairman Craig Hall and family. The multi-billion-dollar diversified company is made up of several subsidiary brands, including HALL Park, HALL Arts, HALL Wines, and the HALL Collection. HALL Structured Finance is an entrepreneurial, value-add, direct private lender to the real estate industry that has worked with multiple EB-5 funds.

The HALL Group intends to develop additional projects and recognizes how EB-5 capital helps move these projects forward.

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