Los Angeles-based Still Property Group (SPG), a leading real estate investment and development firm, has launched a Regulation D fund intended to address the nation’s housing shortage through property conversions and adaptive reuse projects. With a focus on California, Florida and other high-demand regions, the new fund will target opportunities in markets experiencing severe housing shortages, emphasizing properties that can be acquired below replacement cost.

“Our strategy of converting underperforming commercial properties into vibrant residential communities allows us to create housing where it’s needed most while generating attractive returns for our investors,” said Armand Boyajian, managing partner of SPG.

The fund will be available to qualified investors under Regulation D, with a focus on both immediate value creation and long-term appreciation through strategic property improvements and professional management. Net returns for investors are projected to return up to 28% annual internal rate of return, with a minimum preferred return of 15% per year in cash or accrued interest.

OC Lifetime Achievement Award: Johnson Capital Advisors’ Founder & CEO, now Principal Emeritus, Guy Johnson, will receive the Connect CRE Lifetime Achievement Award at Connect Orange County on Thursday, March 20th. Register to attend sit in on a very special Keynote Conversation between Guy and presenters from Matthews REIS, Red Oak Capital Holdings, and more, who have worked with Guy throughout his career. www.ConnectOC2025.com