Carson, Calif. – May 16, 2017 – Shopoff Realty Investments, a national manager of opportunistic and value-add real estate investments, announced today that it has invested in the entity that holds the ground lease for the Links at Victoria Golf Course. The County of Los Angeles-owned 170+ acre property is located at 340 East 192nd Street in the city of Carson, California.
“The Links at Victoria Golf Course acquisition fits in well with our overall portfolio, as we focus on properties in core infill locations with value-add components,” said Shopoff Realty Investments CEO William Shopoff. “We are thrilled to invest in this property, and will continue to seek similar investment opportunities that align with our company acquisition strategy.”
The golf course is in close proximity to the major employers and residential areas of South L.A. County. The current golf course management by Greenway Golf and the cash infusion provided by Shopoff will allow the facility to return to operational soundness.
“Current plans for the golf course include increasing operational income through enhanced golf course facilities and food and beverage operations,” said John Santry, executive vice president of Shopoff Realty Investments Land Division. “Plans also include creating a better overall visitor experience for local golfers, including a completely redesigned driving range, which will also increase the number of rounds played and the top line revenue.”
The opening for the new driving range is scheduled for June 2017 in anticipation of the extended summer playing hours. A beverage cart with on-course service will commence in the coming weeks. Additional course enhancements including environmentally friendly turf reductions are planned for the future as well.
Investing in Shopoff Realty Investments limited partnerships involves a high degree of risk, including the possible complete loss of your investment. In addition to being an illiquid investment with an uncertain liquidity date, these investments may have other risks. The past performance of any of Shopoff Realty Investments’ Limited Partnerships is no guarantee of future results. View Risk Factors.
