Peachtree gets approval for EB-5 project in CA

PEACHTREE GROUP RECENTLY obtained I-956F approval from U.S. Citizenship and Immigration Services for its TownePlace Suites project, currently under
construction in Palmdale, California, under the EB-5 Immigrant Investor Program. This approval advances Peachtree’s efforts to create investment opportunities
through the EB-5 program, which supports economic growth and job creation in the U.S.

This is Peachtree’s second hotel development to receive I-956F approval, following the Home2 Suites project in Boone, North Carolina, Peachtree said in a statement.

“We are excited to receive USCIS approval for our Palmdale project,” said Adam Greene, Peachtree’s executive vice president of EB-5. “This achievement highlights
our commitment to delivering developments that drive economic growth and offer opportunities for investors and local communities.”

Peachtree is led by Greg Friedman, managing principal and CEO; Jatin Desai, managing principal and CFO; and Mitul Patel, principal.