For immediate release
SHOPOFF UNVIELS NEW NAME, EXPANDED SERVICES
RENAMED AS SHOPOFF REALTY INVESTMENTS, THE SOUTHERN CALIFORNIA- BASED REAL ESTATE INVESTMENT FIRM PLANS TO DOUBLE ITS STAFF BY THE END OF 2014.
IRVINE, CALIFORNIA – May 22, 2014 – A new name, new services and new client opportunities are all a part of a companywide expansion and evolution as The Shopoff Group announced, effective today, it is renaming itself Shopoff Realty Investments.
Headquartered in Irvine, California, Shopoff Realty Investments will build upon the company’s successful 25-year history as a progressive leader in creating value and opportunity. Shopoff Realty Investments will continue to specialize in identifying undervalued and mismanaged commercial, residential, mortgage and land assets, and taking an active role in adding value to maximize returns.
“We have always been on the forefront of finding opportunities to create value for our clients and this expansion and transformation in the marketplace represents the latest step in that vision,” said William Shopoff, CEO of Shopoff Realty Investments. “The real estate investment industry is shifting from primarily distressed properties to a more opportunistic environment, which dovetails with our expansion strategy and our mission of ‘Transforming Opportunity into Value.’ ”
Shopoff Realty Investments expects to double the size of its staff during 2014, while expanding its office space. It has launched and is planning to launch various innovative strategies, such as its new Shopoff Commercial Income Fund, a public intrastate offering designed for California residents only.
“Our name may be new, but what hasn’t changed is our unwavering commitment to our clients and our track record of results with over 400 full-cycle real estate investments,” Shopoff added. “This expansion will allow us to build upon our recognized reputation as a leader in identifying and realizing opportunities over the long-term.”
Renaming the company is also expected to build brand awareness beyond the firm’s Southern California home base as it expands its recognition as a real estate investment firm.
About Shopoff Realty Investments
Over the last quarter century, Shopoff Realty Investments and its executive leadership have 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 5 million square feet of commercial properties, with an aggregate value in excess of $4 billion.
For additional information, please visit www.shopoff.com or call (844) 4-SHOPOFF.
Any investment in Shopoff Realty Investments programs involves substantial risks and is suitable only for investors who have no need for liquidity and who can bear the loss of their entire investment. This is not an offering to buy or sell any securities. Such offer may only be made through the offerings memorandum to qualified purchasers. Securities offered through Shopoff Securities, Inc. member FINRA & SIPC, 2 Park Plaza, Suite 700, Irvine, CA 92614, (844) 4-SHOPOFF.