Sponsor of non-traded direct real estate programs, Shopoff Realty Investments (Shopoff), recently announced that it has been named the ninth fastest growing company in Orange County, CA. The survey, conducted by the Orange County Business Journal (OCBJ), based its rankings on revenue growth from mid-2012 through mid-2014.
To be eligible, companies must be located in Orange County, CA (there are over 300,000), be privately owned by one or more persons, investors, or private equity firms, and have minimum sales of $300,000 for the year ending 2012.
Shopoff earned its spot due to revenue growth of approximately 350 percent since 2012.
The OCBJ also ranked the sponsor as the 18th fastest growing private company of all businesses, regardless of size.
“We’ve certainly worked very hard the past several years to bounce back from the economic downturn and are pleased to have not only equaled, but surpassed, our pre-recession success,” commented William Shopoff, CEO of Shopoff Realty Investments in a statement.
Irvine-based Shopoff finds undervalued or undermanaged commercial real estate assets or land that it can repurpose or retitle with the goal of increasing their value. They are not aggregators of properties, but rather developers. They find, buy, develop, and sell, usually at a profit.
With 402 full-cycle investments and a management team that has completed over 5,000 real estate transactions from land entitlements, to commercial properties and multifamily, Shopoff’s experienced team will undoubtedly continue to boost its revenue.
Just this year, the sponsor began offering private real estate offerings through the independent broker-dealer channel. Dan Oschin, Chief Operating Officer of Shopoff, was hired in early 2014 to lead the charge and has since built a distribution team made up of industry veterans.
Shopoff Realty Investments was also ranked on the 2014 Inc. 5000 list of the fastest-growing privately held companies in the U.S. at number 1,779.