Shopoff Realty Investments has fully subscribed and closed its Shopoff Land Fund V offering after meeting its $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 United States. The fund intends to acquire assets 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 of the acquisitions is to enhance the value of the real property through entitlements, with an event-driven sale to developers.
Shopoff Land Fund V is the fifth fund in a series of offerings that focus on investing in land and commercial properties that provide a value-add opportunity through entitlements. Returns are created primarily through full-cycle capital gain events where Shopoff typically returns capital when asset investment goals are met.
