LCR Capital Partners, a leading EB-5 regional center and fund manager, is pleased to announce the launch of its newest EB-5 investment opportunity. The new project, The Tower at Convergence, is a premier office and innovation development located in the heart of Oklahoma City’s Innovation District. This USCIS-approved high-unemployment area (HUA) EB-5 project offers investors access to the 10% targeted employment area (TEA) set-aside category. LCR focuses on helping families obtain US green cards through the EB-5 Immigrant Investor Visa Program.
Developed by BT Development, L.L.C., The Tower at Convergence represents the first phase of a broader mixed-use master plan designed to support Oklahoma City’s growing innovation ecosystem. The EB-5 project includes this eight-story, 235,479-square-foot Class A office building that will sit atop a two-level underground parking garage on 5.5 acres as well as public space improvements. A second phase, not part of this EB-5 project, is expected to include a hotel and restaurant, while Oklahoma City prepares to construct Innovation Hall adjacent to the site.
The project has already received I-956F approval from USCIS, and construction is largely complete, with several tenants already occupying their office spaces. With a total EB-5 project cost of $151.6 million and a maximum EB-5 capitalization of $55.2 million, the project is positioned to create more than 28 jobs per investor (12.6 indirect and 15.5 direct), significantly exceeding EB-5 requirements.
Sherman Baldwin, CEO of LCR Capital Partners, commented: “The Tower at Convergence exemplifies the type of high‑quality, well‑structured EB‑5 project we aim to deliver for global families. Its location within a thriving innovation hub, combined with strong job creation and experienced developers, makes this an excellent opportunity for investors seeking immigration success.”
Oklahoma City continues to outperform national averages in office leasing and investment growth, with declining vacancy rates and competitive pricing that position the city—and The Tower at Convergence—as strong long-term investment markets. As part of a broader plan expected to generate $1.2 billion in annual economic impact, the project sits within a connected, pedestrian-friendly district designed to link two major universities and strengthen collaboration across public and private partners—key drivers of growth for the Innovation District.
Suresh Rajan, Executive Chairman and Founder of LCR Capital Partners, added: “The Tower at Convergence offers families a strategic opportunity to invest in a market experiencing meaningful, sustained growth. Its location perfectly aligns economic momentum with the long‑term security EB-5 investors seek. We are proud to support a project that strengthens the local community while helping global families advance their US residency goals.”
With this new project, LCR Capital Partners continues to solidify its leadership position as an EB-5 regional center and fund manager by offering a diverse portfolio of projects that balance security, compliance, and opportunity for immigrant investors worldwide. The firm has worked with over 1,200 clients from more than 50 countries and has a successful track record of clients who have already received their permanent green cards and the return of their invested capital.
December 11, 2024
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