TOP 15
Ronald Fieldstone
Arnstein & Lehr LLP
Ronald Fieldstone is a partner in the
Miami office of Arnstein & Lehr LLP,
specializing in corporate and securities
and taxation law.
Fieldstone has published numerous
articles and has been a lecturer in the
fields of real estate, corporate and
securities, tax law, and franchise law for
the past 40 years. He currently prac-
Catherine DeBono Holmes
Jeffer, Mangels, Butler &
Mitchell LLP
Catherine DeBono Holmes is a corporate
and securities attorney and partner at
Jeffer, Mangels, Butler & Mitchell, LLP,
headquartered in Los Angeles. She is the
chair of the firm’s investment capital law
group and has been practicing law for
more than 30 years. In the midst of the
financial crisis of 2008, Holmes heard
about EB-5, realized it was the perfect
CORPOR ATE AT TORNE YS
tices primarily in the areas of corporate
securities and taxation law. He graduated
from the Wharton School, University of
Pennsylvania in 1971 magna cum laude
and received joint MBA and J.D. degrees
from Wharton School and University of
Pennsylvania Law School in 1974.
Since 2009, Fieldstone has actively
been involved in serving as corporate
securities counsel for multifaceted
industries involving EB-5 immigrant visa
investor offerings. He represents both
developers and regional centers in EB-5
matters, currently in excess of 200 EB-5
projects with a combined capital raise
of nearly $6 billion. His corporate and
securities work includes the preparation
of private placement memoranda and
related documents.
Fieldstone frequently lectures and
publishes in the EB-5 corporate and
securities fields for numerous government
sponsored organizations, industry trade
groups and professional associations.
He recently served as a committee
member of the IIUSA’s Best Practices
Committee and currently serves as a
member of the IIUSA Compliance
Committee. Fieldstone was a principal
in a Blockbuster Video franchise that
operated 25 stores in eight states from
1987 until October, 1995. He is a
principal of a multi-state lithotripsy
company and was also a principal of
Barnie’s Coffee and Tea, Inc., the owner
of the Barnie’s operating system with
approximately 80 corporate units and
20 franchised units from 2001 until
2004.
Fieldstone was a managing partner
of Landmark Residential from 1999
until 2008, which served as the sponsor
and manager of approximately 20,000
multi-family units in the states of
Florida, Alabama, Georgia, Texas, and
North Carolina that were liquidated
over a period of 12 years for in excess of
$1 billion.
funding vehicle for hotel development,
and has subsequently assisted more than
100 developers to obtain EB-5 financing
for mixed-use, multi-family, and hotel
developments.
Jeffer, Mangels, Butler & Mitchell
is comprised of 120 attorneys working
within a number of dedicated practice
groups. As chair of the investment capital
group, Holmes oversees a team that helps
business clients, particularly in the field
of real estate development, raise capital
through private investment funds, including EB-5 and non-EB-5 capital sources.
Holmes’s extensive expertise includes
securities broker-dealer registration,
exemptions and compliance, investment
adviser registration, exemptions and
compliance, and investment company
registration and exemptions.
Cathy finds that EB-5 can be a timeconsuming process that is accompanied
by a number of risks resulting from
changes in USCIS policy and uncertainties related to issues such as retrogression.
However, she remains dedicated to working with EB-5 capital for the tremendous
opportunities it provides not only to
developers and immigrant investors, but
also to average Americans: EB-5 provides
access to capital that is necessary to create
U.S. jobs. In the past five years alone,
Cathy has noted an increase in the number
of developers seeking EB-5 capital, along
with a higher quality of projects being
offered in the EB-5 marketplace.
Cathy has made it a specialty to
counsel people about the securities laws
that apply to EB-5 investments, including the laws that apply to U.S. broker/
dealers, U.S. investment advisers, and
the requirements under the Investment
Company Act, along with the exemptions
to these laws. In order to eliminate
confusion for all involved in the EB-5
community, Cathy is constantly working
to obtain clarification on these various
securities issues, focusing on the inapplicability of certain laws in relation to
EB-5 investments.
Continued to page 48
WWW.EB5INVESTORS.COM
47