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 Presentation

See the entire Seminar presentation. Learn about EB-5 policy, EB-5 requirements and a real EB-5 project.

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“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

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,

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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