Shopoff Land Fund V Closes After $71 Million Equity Raise
Shopoff Realty Investments, a national manager of opportunistic and value-add real estate investments, has fully subscribed and closed its Shopoff Land Fund V offering after meeting its $71 million funding limit.
Shopoff Realty Investments, a national manager of opportunistic and value-add real estate investments, has fully subscribed and closed its Shopoff Land Fund V offering after meeting its $71 million funding limit.
Shopoff Land Fund V is a private placement offering that invests in opportunistic and value-add commercial real estate and land assets across the United States. The fund intends to acquire assets that are fully built, partially built, mapped or unentitled real estate, typically held by lenders, builders or undercapitalized developers, to be proactively entitled or repurposed. The focus of the acquisitions is to enhance the value of the real property through entitlements, with an event-driven sale to developers.
“As an active member of the real estate investment community for over 25 years, our firm’s real estate and land entitlement expertise allows us to acquire challenging properties and add value through entitlements, ultimately providing positive returns,” explained Shopoff Realty Investments CEO William Shopoff. “Attracting investors who understand the unique real estate investment offering our fund provided, we were able to achieve our capital raise and fully subscribe the fund.”
Shopoff Land Fund V is the fifth fund in a series of offerings that focus on investing in land and commercial properties that provide a value add opportunity through entitlements. Returns are created primarily through full cycle capital gain events where Shopoff typically returns capital when asset investment goals are met.
Shopoff Realty Investments is an Irvine, California-based real estate firm with a 26-year history of value-add and opportunistic investing across the United States. The firm’s history includes operating as Asset Recovery Fund, Eastbridge Partners, and Shopoff Realty Investments (formerly known as The Shopoff Group).
