The Shopoff Group Launches Progressive Real Estate Program For Select California Investorsadmin
Shopoff commercial income fund to harness value-added opportunities through a California Intrastate Public Offering.
IRVINE, CA, March 26, 2014 /24-7PressRelease/ — The Shopoff Group, an Irvine, California based progressive real estate investment company, has expanded its dynamic platform of investment products with the release of its newest offering, Shopoff Commercial Income Fund. This distinctive program was designed for California residents seeking to take advantage of off-market and value-added opportunities primarily in Southern California and the San Francisco area.
“Shopoff Commercial Income Fund delivers what our clients and the marketplace have told us they want most in their real estate portfolios: California properties in core regions that may provide both monthly income and capital appreciation, sourced and managed by a tenured California based firm with a long term track record,” said Bill Shopoff, founder and CEO of The Shopoff Group. “This fund presents features that are not available in some investments, including pass-through deprecation, the potential for institutional co-investment and assets in what we believe to be some of the preeminent markets in the country.”
Shopoff Commercial Income Fund was designed in partnership with Courtlandt Financial Group, based on Courtlandt’s knowledge of working with California intrastate public offerings and their experience in delivering investments to discerning California residents. Michael Cruz, Chairman and CEO of Courtlandt explained, “Designing and launching a public program is never a simple process. The requirements of the State of California, FINRA and other regulators are more stringent in a public offering. This necessitates that an issuer not only have the acumen to create the program, but the resources to see it through to what is anticipated to be a success conclusion. I am confident that the Shopoff-Courtlandt relationship meets and exceeds those conditions.” Mr. Cruz added, “Bill Shopoff and I carefully and diligently approached our partnership to ensure that our high ethical and business standards were compatible, and that the platform we endeavored to bring to market would represent the quality and value that we both strive to provide to our clients.”
Daniel Oschin, COO of The Shopoff Group noted, “Our relationship with Courtlandt has resulted in a program that we are proud of as a firm and that we believe will resonate with investors throughout our great state. Courtlandt has proven to be much more than just a distribution resource, but a true partner without whom developing this type of program would have been more challenging, expensive and time consuming.”
About The Shopoff Group
The Shopoff Group is a real estate investment firm based in Irvine, California, with more than twenty-five 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.
The Shopoff Group 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.
The Shopoff Group 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. The Shopoff Group 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.
About Courtlandt Financial Group
As a five-time Five Star Wealth Manager (2010-2014), Courtlandt remains a privately owned Wealth Advisor that has successfully integrated securities, insurance and real estate brokerage, combining a full suite of multi-disciplinary financial and investment strategies into a single wealth management solution. Courtlandt provides world-class wealth management and investment banking services to institutions, individuals and business owners in a Multi-Family Office environment.
As a part of their investment strategy, Courtlandt seeks to achieve superior investment results by replicating the “Endowment Management” style employed by leading university endowments and pension plan managers. Each of which is entrusted with the duty and responsibility of preserving and growing value for current and future generations while providing the option for high current monthly interest and earnings distributions.
For additional information, please visit www.shopoff.com/SCIF or call (800) 994-7094.
Any investment in the Shopoff Commercial Income Fund, L.P. involves substantial risks and is suitable only for investors who have no need for liquidity in this investment and who can bear the loss of their entire investment. These securities are not endorsed by the California Department of Corporations. Securities are issued pursuant to a permit issued by the California Department of Corporations and are available to California residents only. Other suitability requirements include: a personal income of $65,000 plus a net worth (exclusive of primary residence, furnishings, and automobiles) of $250,000, or a net worth of $500,000 (irrespective of income). Refer to the Offering Circular for a complete description of the terms and risks of the Offering. This summary does not represent an offer to sell any securities. Such offer may only be made by the Fund’s Offering Circular to qualified purchasers. Courtlandt Securities Corporation, member FINRA & SIPC, is the dealer manager for the Shopoff Commercial Income Fund, L.P. Address: P.O. Box 11929, Newport Beach, CA 92658 | (800) 994-7094
Posted: March 26th, 2014 under 24/7 PRESS RELEASE.