The above image is a project that is being managed by Shopoff and is a holding of a Shopoff Fund.
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PROJECT HIGHLIGHT In November 2017, Shopoff Realty Investments acquired the Westkin Portfolio in Cathedral City, California, which included 2,096 subleases and leasehold interests, 65,000 square feet of industrial space, and 830 acres of land. To add value, Shopoff has diligently worked to streamline operations within the portfolio, correcting general operating inefficiencies. The firm sold the Cathedral Canyon Business Park, 65,000 square feet of industrial space, for $2.9 million in June 2022, followed by the sale of Date Palm Interiors, a fee simple land interest that includes ground leases on 159 residential homes, for $8 million in September 2025. The remaining assets, Las Estancias and Falcon Lakes, are currently being marketed for disposition and consist of leasehold interests in 1,937 individual condominium and business subleases. |