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Shopoff Closes Land Fund V Private Placement Following $71M Equity Raise
Irvine, CA-based Shopoff Realty Investments reached full subscription of its latest fund and closed the Shopoff Land Fund V offering after meeting the $71 million funding limit. Shopoff Land Fund V is a private placement offering that invests in opportunistic and value-add commercial real estate and land assets across the U.S.
Assets will be acquired that are fully built, partially built, mapped or unentitled real estate, typically held by lenders, builders or undercapitalized developers, to be proactively entitled or repurposed. The focus is to enhance the value of the real property through entitlements, with an event-driven sale to developers.
Shopoff Realty Investments’ William Shopoff says, “Attracting investors who understand the unique real estate investment offering our fund provided, we were able to achieve our capital raise and fully subscribe the fund.”
This is the fifth Shopoff fund in a series of offerings that focus on investing in land and commercial properties that provide a value-add opportunity through entitlements.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
