Perspective and insight into Shopoff Realty Investments’ transformative and innovative value-added investment strategies provided at miami real estate event
IRVINE, Calif. – April 22, 2014 – Bill Shopoff, Chief Executive Officer of Shopoff Realty Investments, an Irvine, Calif. based progressive added-value real estate investment company, was a featured panelist on two sessions at the IMN Real Estate Private Equity Conference on Land and Homebuilding in Miami on April 22, 2014.
The first session, “Land Developer Perspective: Attracting Finance & What it Takes to Close Opportunistic Deals Today,” focused on current acquisitions and structures, sourcing, competition, challenges, metrics, markets, opportunities, zoning, financing, joint-ventures, governmental communication, and what the future holds for land and homebuilding.
Mr. Shopoff noted, “This session highlighted the fact that the marketplace for land investments today is very challenging, but also potentially highly rewarding. For firms like ours, with decades of experience successfully navigating the complexities of land acquisitions and entitlements, there is opportunity to generate significant appreciation.”
The second session, “To Buy & Develop Raw Land or to Buy Finished Lots? That is the Debate,” covered the business case for developing land versus buying finished lots, including strategies utilized by developers to add value to land pre- and post-entitlement.
“The risk and reward related to entitling land and then developing is very different from buying finished lots to build, as we discussed on this panel,” said Mr. Shopoff. “While there is obviously a longer timeline and entitlement risk by starting with raw land, a tenured company like ours can manage those hurdles and provide the possibility for greater returns. We believe that the entitlement part of the process is where the highest prospective for upside is harnessed.”
About Shopoff Realty Investments
Shopoff Realty Investments is a real estate investment firm based in Irvine, California, with more than 25 years of experience identifying undervalued or mismanaged commercial, residential, mortgage and land assets, and taking an active role in adding value to maximize returns to its qualified individual and institutional investors.
Shopoff Realty Investments and its executive leadership has completed more than 5,000 real estate transactions, including the acquisition, management, entitlement and development of more than 10,000 parcels and lots, 50,000 multi-family units, and five million square feet of commercial properties, with an aggregate value in excess of $4 billion.
Shopoff Realty Investments recently announced that it was launching Uptown Newport Village, a new luxury residential community on Jamboree Road at MacArthur Boulevard in Newport Beach, CA, near John Wayne Airport. Shopoff Realty Investments will serve as master developer for the site which will be built in two phases. The initial phase, beginning this month and targeted for completion in 2016, entails demolishing an existing office building, constructing an 11,500 square foot retail center, building 580 apartments and condominiums and creating a park outfitted with such amenities as a concert green, a courtyard with lounge-style seating and a children’s tot lot. Uptown Newport Village is not part of Shopoff Commercial Income Fund.
For additional information, please visit www.shopoff.com or call (877) 874-7348.
About IMN
IMN (Information Management Network), founded in 1994, is a global organizer of industry leading educational and networking forums for Real Estate Opportunity & Private Fund, Mezzanine Lending, Non-Traded REIT, Distressed Residential, Commercial, & Hotel Real Estate and Bank & Special Asset Executive professionals. Hallmarks of an IMN conference are a quality and rigorously vetted speaking faculty, interactive panel discussion and a balanced audience composition which facilitates excellent networking opportunities.
Disclosures
Any investment in Shopoff Realty Investments programs involves substantial risks and is suitable only for investors who have no need for liquidity and who can bear the loss of their entire investment. This is not an offering to buy or sell any securities. Such offer may only be made through the offerings memorandum to qualified purchasers. Securities offered through Shopoff Securities, Inc. member FINRA & SIPC, 2 Park Plaza, Suite 700, Irvine, CA 92614, 877-874-7348.
