Shopoff Realty Investments Sells 4.8 Acres of Land Entitled for Townhome Development in Oceanside, California

News provided by

Jul 12, 2017, 12:34 ET

OCEANSIDE, Calif., July 12, 2017 /PRNewswire/ -- Shopoff Realty Investments, a national manager of opportunistic and value-add real estate investments, announced today that the company has sold 4.8 acres of land it previously entitled for the ground-up development of 70 townhomes and 3,000 square feet of neighborhood-style retail space. The townhomes will range from 1,708 square feet to 2,215 square feet, and will feature roof-top patios.

"It is very rewarding to see this investment go full-cycle and have our plans for the development be embraced by city officials and the local community," said Shopoff Realty Investments CEO William Shopoff. "This development represents an excellent opportunity for new housing along the supply-constrained Southern California coast."

The site is ideally situated within the El Corazon master-planned community in Oceanside, California, just a few miles from the Pacific Ocean. The community will feature a vast array of parks, tournament sports fields, hiking trails, commercial, retail and housing.

"As real estate investors, we were pleased to execute on our business strategy while working hand and hand with city officials to create a comprehensive development plan that will provide much-needed housing for area residents," said John Santry, executive vice president of Shopoff Realty Investments Land Division. "It's always exciting to be a part of a transformation in the local community. The El Corazon master-planned community will provide area residents a blend of retail, housing, and open space that is unlike anything else in the city."

About Shopoff Realty Investments
Shopoff Realty Investments is an Irvine, California-based real estate firm with a 25-year history of value-add and opportunistic investing across the United States. The company primarily focuses on proactively generating appreciation through the repositioning of commercial income-producing properties and the entitlement of land assets. The 25-year history includes operating as Asset Recovery Fund, Eastbridge Partners and Shopoff Realty Investments (formerly known as The Shopoff Group). Performance has varied in this time frame. For additional information, please visit www.shopoff.com or call (844) 4-SHOPOFF.

Disclosures
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. Securities offered through Shopoff Securities, Inc. member FINRA/SIPC, 2 Park Plaza, Suite 1120, Irvine, CA 92614, (844) 4-SHOPOFF.

Contact:
Jill Swartz
Spotlight Marketing Communications
949.427.5172, ext. 701
[email protected]

SOURCE Shopoff Realty Investments