We continue to see progress as the world continues to navigate the challenges brought on by COVID-19. In mid-June, California’s governor, Gavin Newsom, terminated various Executive Orders from the beginning of the COVID-19 pandemic. The state of emergency for the state is still in effect. In addition to the governor’s terminations of Executive Orders, he also extended or amended existing ones to help provide resources for COVID-19 testing, hospitals, and other healthcare facilities. There were no changes for senior living communities, and we will remain vigilant as we prepare to enter Flu Season.
Proposed LPA Amendment
In light of the successful sale of USACRC Project III, CEF VI is evaluating a potential sale of USACRC Project IV. We are completing our due diligence on market conditions and feasibility, but no final decisions have been made. On June 14, 2022, USACRC Project IV EB-5 investors were sent updates on a proposed amendment to the limited partnership agreement. If you did not receive our update or have any questions, please contact Ashley Riddle at ariddle@continentaldev.com.
Lastly, to learn more about Renaissance Village Murrieta, visit Continental East – Fund VI, LLC.
