The Graduate
San Jose, CA

Construction In Progress






Rental Apartments



Mezzanine Debt

Equity Pledge



100% Construction


Total EB-5 Investment$27,500,000
Min. Investment$500,000
Interest RateCall for Details
Term5 Years
I-526 StatusFiled & Pending
Security/GuaranteesCall for Details

Subscribed 17%

17% Complete

Construction Progress 33%

33% Complete

EB-5 Project Summary

Incredible combination of EB-5 advantages and investment protections:

  • TEA Certified for Minimum $500,000 Investment
  • EB-5 Job Creation Already Complete!
  • Silicon Valley Located Apartment Asset
  • Loan Style Investment with substantial protections structured in

AMCAL StarCo, LLC (the “Borrower”) is a joint venture between prolific real estate developers, AMCAL, Barry Swenson Builder and Star America Infrastructure Partners, who together will construct The Graduate, an off-campus student housing development to serve the students of San Jose State University (SJSU). The Graduate will be a Class “A”, 260-unit / 1,039-bed, purpose-built student housing community located just one block from the main entrance to the campus and in the direct path of the campus’ future growth plans. At the time of the investment, The Graduate will be fully-entitled and shovel-ready. The financing investment will be used to invest in the project development costs.

  • Unit Count: 260 (Studios, 2BD, 3BD, and 4BD)
  • Floor Count: 19
  • Residential NSF: 543,234
  • Retail NSF: 14,750

EB-5 Seminar for Graduate Cover

See the Whole EB-5 Seminar Presentation!

The Graduate has a recording of a live hosted seminar by Behring and co-hosted with Fragomen Worldwide, educating interested EB-5 candidates about a 260-unit / 1039-bed, Class “A,” purpose-built student housing community located just one block from the main entrance to the San Jose State University (SJSU). The seminar includes a fantastic 60-min Q&A session discussing all aspects of the EB-5 program and the EB-5 project. SJSU on-campus housing is 98% occupied and there is a 600 student wait list for housing.  Sign up to watch it now.


“Rare Silicon Valley Student Housing Development Opportunity” 

  • With the combination of location, restrictions on housing units permitted in the San Jose downtown strategic plan, Class A apartments and study areas, the project fills an void in housing for San Jose State University’s students to live and thrive.

Top Tier Construction Contractor: Barry Swenson Builder

  • Over 100 year history of development in Silicon Valley

Incredibly Located Just 469 Feet From San Jose State University

Silicon Valley EB-5 Project 
San Jose Map Graduate EB-5 Project

EB-5 Project

EB-5 Protections and Guarantees

Behring Companies offer the best protections and guarantees available for EB-5 investment. Protections and guarantees include I-526 Money Back Guarantee, Break Ground Guarantee, Construction Completion Guaranty, and 100% Equity Pledge to EB-5 Investors.  

EB-5 visa I-526 money back guarantee for EB-5 investors in Behring EB-5 projects

I-526 Money Back Guarantee

I-526 approval or the project refunds 100% of capital and fees

EB-5 project construction completion guarantee

Construction Completion Guarantee

A construction completion guarantee ensures job creation and the delivery of 260 apartments in the heart of Silicon Valley

EB-5 Project indirect job creation guarantee

Job Creation Guaranteed (Construction)

Construction & Indirect job creation alone meet 100% of the job creation requirement which is backed by construction guarantees

1900 Broadway investment is secured by a 100% equity pledge of the EB-5 Capital

Secured by 100% Equity Pledge

The EB-5 loan to the project is protected by a pledge of 100% of the ownership of the asset, just like a bank lender

Rare Silicon Valley Location

  • San Jose , California

  • Located 469 feet from the main entrance to San Jose State University

  • 5 minute walk from the trendy SoFA district of San Jose

  • 98% occupancy for On-Campus housing with 600 student wait list

  • Two blocks from VTA Light Rail with 42.2 miles of route on 3 lines

  • Location enhanced by the trendy Uptown market of Downtown Oakland

Top Quality Asset

  • 19 stories

  • 260 units of class “A” residential apartments

  • First class student-focused amenities: fully furnished suites, private & shared study langues, business center & computer lab, coffee bar, yoga studio, 2,600 SF fitness center, and resort style swimming pool & spa

Trendy SoFA District

The Graduate’s superb location is set  next door to the art, cultural, and entertainment district of downtown, San Jose.  Self described as “Silicon Valley’s Creative District,” it is home to numerous cultural institutions, art galleries, and theater companies, including the San Jose Institute of Contemporary Art, the San José Opera, and the Silicon Valley Symphony.  This trendy, urban district is only minutes from the Graduate.


90 East San Carlos Street has achieved a  Walkscore of 91 out of 100, and is considered to be a “walker’s paradise”, meaning cars are not required for daily errands.

See the Graduate Walkscore Now

Walk Score measures the walkability of any address using a patented system. For each address, Walk Score analyzes hundreds of walking routes to nearby amenities. Points are awarded based on the distance to amenities in each category. Amenities within a 5 minute walk (.25 miles) are given maximum points. A decay function is used to give points to more distant amenities, with no points given after a 30 minute walk.

Walk Score also measures pedestrian friendliness by analyzing population density and road metrics such as block length and intersection density. Data sources include Google,, Open Street Map, the U.S. Census, Localeze, and places added by the Walk Score user community.

Development Team

The Graduate Development Team consists of property developer, AMCAL Multi-housing, Inc., architect and  construction contractor , Barry Swenson Builder, property manager, Asset Campus Housing, and development consultant, Coleraine Capital Group.

AMCAL Multi-housing, Inc.

  • Founded in 1978
  • Over $1.3 Billion Cost Experience
  • 3 Office Locations
  • 6,500 units constructed

Property Developer

AMCAL Multi-Housing, Inc. (AMCAL) was founded in 1978 by Percival Vaz and has developed quality housing throughout California, with more than $1.5 billion cost experience in over 70 communities. This includes student, faculty, affordable, for-sale, and high quality market-rate housing. Within the last five years, AMCAL has completed and is in various stages of design and construction of over 6,500 beds of student housing in California.

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Barry Swenson Builders

  • Founded in 1912
  • $300,000,000 Under Development
  • 1 Construction Patent
  • Multi-aware winning firm

Architect and Construction Contractor

Barry Swenson Builders (“Swenson”) is a prolific Silicon Valley design and construction firm that was founded in 1912.  Four generations of expertise, along with a proven Design-Develop-Build platform, deliver an unparalleled level of creative design, quality developments and efficient construction practices. Throughout the Golden State, the wide range of construction and development services by Swenson is backed by decades of resources and sound business practices that have made the company a respected leader in the San Jose community. At the forefront of every project is a commitment to innovation and sustainable practices. From Swenson exclusive Landmaker™ structural system and high density transit oriented developments, to mixed use and alternative energy projects, Swenson remains on the leading edge. Dedicated to quality, innovation and customer satisfaction, Swenson is building today’s skylines and planning for the designs and structures of tomorrow.

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Asset Campus Housing

  • Founded in 1998
  • 118.500+ Beds Under Management
  • 210+ Properties

Property Manager

Asset Campus Housing (“ACH”) was founded in 1998 and is the largest privately owned student housing management company in the nation. The Houston-based company provides property and asset management and investment services to the student housing industry. ACH presently manages a student housing portfolio of more than 200 properties, consisting of over 115,668 beds spanning across 40 states.

ACH’s understanding of the college student’s lifestyle and needs helps the company ensure that it provides the quality of life that allows residents to attain their goals and generates the maximum financial return for its clients. The company’s success is fueled by its innovative technology, vast resources and hardworking employees. The company’s culture and significant growth has attracted the best people, and the company’s partnerships have made it a multi-time winner of the Student Housing Business Innovator Awards. In March 2016, the company was chosen by Harrison Street as the third-party manager for the entire Campus Crest portfolio, the acquisition of which was the largest student housing transaction in the industry in 2015. While ACH continues to have tremendous national growth, the company is actively expanding into many markets around the world. After several successful lease-ups in Mexico, ACH plans to expand its international division with additional contracts in Turkey, Colombia, Dubai and the Bahamas.

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Coleraine Capital Group

  • Founded in 2000
  • 100+ years of combined experience
  • $2 billion under managmenet

Development Consultant

Coleraine Capital Group is a multi-faceted real estate development management company. In conjunction with its strategic partners and core vendors, CCG provides a full spectrum of real estate development services, including: investment analysis and due diligence, design and engineering, entitlement processing, construction management, advertising, leasing, and sales and marketing. Coleraine is an expert in student housing and, in particular, in sourcing Class A development opportunities and structuring affiliation agreements with campuses. In 2013, David Moon led the negotiations on the highest value residential master-lease (approximately $116 Million) ever negotiated with a California State University System affiliated entity.

Established in 2000 and directed by its founder David Moon, CCG’s team of professionals diligently applies 100+ year of combined development management experience involving over $2 billion of managed assets in order to meet the financial goals of our clients. CCG is committed to the mission of minimizing the risks of its partners and clients while maximizing their objectives.

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Investor Resources

Unfamiliar with EB-5? Get the EB-5 Process flier!

Fill the form below to receive our EB-5 process flier which outlines the steps involved in EB-5 investment from beginning to end

  • Eligibility Questionnaire
  • Preparing Source of Funds Report
  • Subscribing to the Partnership
  • Transferring Funds
  • I-526 Petition Filing
  • Adjustment of Status
  • Submitting the I-829 Petition

How Long Does EB-5 Take to Complete? Get the EB-5 Schedule Flier and Find Out!

Fill the form below to receive our EB-5 schedule flier which  explains how long EB-5 investment takes to complete, step by step.

  • I-526 Petition (Phase I)
  • I-485 Change of Status (Phase II)
  • I-829 Petition (Phase III)