DETAILS

THE OPPORTUNITY

Shopoff, in a joint venture with Lennar Homes, acquired 18.09 acres of vacant land in Fountain Valley, California, for $65 million in December 2021. Previously used as a strawberry farm, the site is located directly across from Mile Square Regional Park, in a well-established residential neighborhood. The property is a 5-minute drive to the I-405 freeway for easy commuting to job centers and entertainment districts.

HOW SHOPOFF IS ADDING VALUE

After acquiring the property in 2021, Shopoff began working closely with the City of Fountain Valley and its residents to thoughtfully plan and integrate new housing into the community. Shopoff submitted the project entitlement package in January 2024 and received approval from the Fountain Valley City Council for the ‘Euclid + Heil’ project in July 2025.

Euclid + Heil aims to deliver 304 market-rate apartment units, 83 senior affordable units, 36 two-story for-sale triplexes, and 183 three-story for-sale townhomes. Planned community amenities include pools, parks, game areas, grilling stations, play areas, and more, designed to foster a vibrant and inclusive neighborhood. National CORE will be the senior affordable housing developer.

The market-rate apartments and senior affordable housing components are projected to be complete by summer 2028, while the for-sale homes will be delivered in phases, with the first phase opening in summer 2027 and final phases extending into early 2029. To learn more, visit euclidandheil.com.

Disclosures

An investment in a Shopoff fund involves a high degree of risk, including the possible loss of your entire investment, and is illiquid with an uncertain liquidity date. This material does not constitute an offer to sell or a solicitation of an offer to buy any security. Securities offered through Shopoff Securities, Inc. Member FINRA/SIPC. *While this transaction was successful, past performance does not guarantee future results. Each asset and market environment is unique.

These properties are one of a number of properties that are managed by Shopoff Realty Investments, and owned by open and closed investment funds. For the listing of all Shopoff’s current holdings visit: https://www.shopoff.com/current-assets/