Shopoff Realty Investments closes Shopoff Commercial Growth and Income Fund III
Shopoff Realty Investments has closed its Shopoff Commercial Growth and Income Fund III offering after meeting the fund’s closing deadline, raising more than $20 million in equity.
Shopoff Commercial Growth and Income Fund III is a private placement offering that invests in opportunistic and value-add commercial real estate across the United States. The fund intends to acquire select real estate and real estate–related investments, with the goal of repositioning and creating value for each asset, ultimately increasing long-term values and cash flow. It is anticipated that each property will be sold to a buyer of stabilized commercial real estate once the property’s business plan is complete. To date, the fund has invested in five commercial assets, located in California, Nevada and Texas.
“The commercial real estate market continues to provide viable investment opportunities to reposition assets that are not living up to their full value potential,” explained