Shopoff Properties Trust, a Maryland corporation formed on November 16, 2006, intends to qualify as a Real Estate Investment Trust (REIT) in 2010. 

REITs invest shareholder funds to purchase and professionally manage real estate or real estate-related assets (e.g. options or loans), while providing investors the opportunity for long-term compound growth and other distinct advantages, including:

	Diversification by region, property type, and timing.
	An opportunity to participate in large-scale real estate investments.
	Shareholder dividends of at least 90% of REIT taxable income annually.
	No double taxation as REITs are exempt from federal taxation on income distributions to shareholders.
	An attractive option for IRA holders (without any Unrelated Business Taxable Income).
	No requirements for future investments as are frequently found in Limited Partnerships.