First I-526 Petition Approvals for Renaissance Village Murrieta
On December 1, 2015, the first of Continental Regional Center’s Renaissance Village Murrieta investors received their I-526 petition approval. Renaissance Village Murrieta is under construction. Located in Murrieta, this Assisted Living and Memory Care also features 161 beds.
Renaissance Village Murrieta is fully subscribed for EB-5 investment. It is the second of three planned senior communities in Moreno Valley, Murrieta, and Indio, California. Continental East Development is the developer and operator for each of the three communities. CED is a real estate development company with international resources. The company launched in 2009 to take advantage of distressed properties in the California real estate market. In addition, the company sought commercial and large residential properties with significant value-added appreciation opportunities.
The first of the Renaissance Village communities is a licensed 120-bed Assisted and Memory Care facility in Rancho Belago. In addition, the project’s EB-5 investment is fully subscribed with I-526 approvals in hand. Also, Rancho Belago opened for residency in late October 2014. The community is more than 70% occupied. Moreover, pre-leasing began for Renaissance Village Murrieta. Also, we estimate opening in late Summer 2016, with a solid reception for the community.
Lastly, to learn more about Renaissance Village Murrieta, visit Continental East – Fund VI, LLC or call 951-600-8600.