More than 100 Chinese EB-5 investors in Maefield Development and Fortress Investment Group’s 701 Seventh Avenue skyscraper want to stop their money from being redeployed into a new development nearby. In a petition filed Monday in Manhattan Supreme Court, 134 investors pushed to stop the U.S. Immigration Fund (USIF) and its principal, Nicholas Mastroianni, from moving their funds into Maefield’s TSX Broadway, a 47-story hotel project across the street. Government rules require EB-5 investors to […]
source https://therealdeal.com/2018/07/10/134-eb-5-investors-seek-to-block-usif-from-moving-money-to-tsx-broadway/
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