The above aerial is in Mesa, AZ. This project is being managed by Shopoff and is a holding of a Shopoff Fund.

PROJECT HIGHLIGHT

In 2022, Shopoff acquired the Block on Elliot, a project that consists of approximately 270 acres of vacant land in an unincorporated part of Maricopa County, Arizona, 3 miles from the Phoenix-Mesa Gateway Airport. Since the acquisition, the firm secured approval for the project to be annexed into the City of Mesa and secured city approval for a mass grading plan, allowing the project to move into development. The firm is currently working with the City of Mesa to review and finalize the project’s development plan and product mix. Additionally, Shopoff recently secured $52 million in financing from Peachtree Group which will help advance the project to the next stage of development, providing funding for grading, offsite street and utility improvements. Grading on the site is anticipated to begin later this year.

EVENTS

SHOPOFF PRESENTS EUCLID + HEIL PROJECT TO THE PLANNING COMMISSION

We’re proud to share that our Euclid + Heil project in Fountain Valley received unanimous approval from the Planning Commission. This marks a major milestone after years of thoughtful planning and collaboration. Congratulations to our team for their hard work, and a special shoutout to Blair Ruffner for leading the effort.

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This is not an offering to buy or sell any securities. Such offer may only be made through the offerings memorandum to qualified purchasers. 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. There is no assurance that any strategy will succeed to meet its investment objectives. The performance of this asset is not indicative of future results of other assets. Securities offered through Shopoff Securities, Inc. member FINRA/SIPC.