Adam Greene has been appointed Executive Vice President at Peachtree Group
Peachtree Group ("Peachtree") announced the appointment of Adam Greene as executive vice president of the company's newly launched EB-5 program.
Greene brings over 30 years of financial experience, including over a decade of EB-5 industry expertise, and has managed over $600 million of EB-5 investments during his career. As a recognized leader in this industry, Greene serves as an executive officer and board member for Invest in the USA (IIUSA), the national EB-5 Regional Center trade association that represents dozens of companies that are designated by U.S. Citizenship and Immigration Services (USCIS) to facilitate job-creating EB-5 investments.
The EB-5 visa program allows foreign investors to obtain a green card in exchange for making a significant investment in a new commercial enterprise that creates jobs in the U.S. Under the program, foreign nationals who invest a minimum of $800,000 in a U.S.-based project that creates or preserves at least ten full-time jobs for U.S. workers are eligible to apply for permanent residency in the U.S.
Stonehill, a commercial lender and a part of Peachtree, has approximately $1.0 billion in originations for new developments and renovations. In addition, Peachtree Hospitality Development, also a part of Peachtree, has completed over $1.5 billion in hotel construction and redevelopment with a significant pipeline of projects under construction. Notably, these and other areas of Peachtree are actively building and financing new hotels in rural and high-unemployment areas favored in the EB-5 program.
Before Greene's EB-5 experience, he established the hospitality financing program at Textron Financial. Under this program, Textron Financial provided over $250 million in senior debt for hospitality development projects in the U.S., Canada, and Mexico in chain scales ranging from economy to luxury. Before Textron Financial, Greene focused on project financing for infrastructure, sports and petrochemical projects with JP Morgan Chase in New York and London and for WestLB in New York.
Greene received an MBA from New York University, and his bachelor's from Cornell University.
