Shopoff Realty Investments Completes More Than $347 Million in Real Estate Transactions in 2020
News provided by
Share this article
Share this article
IRVINE, Calif., Jan. 7, 2021 /PRNewswire/ -- Shopoff Realty Investments ("Shopoff"), a national manager of opportunistic and value-add real estate investments, announced today that the company completed more than $347.7 million in real estate transactions in the year 2020. The firm's yearly activity includes 13 dispositions totaling $163.1 million, and seven acquisitions totaling $184.6 million.
"From purchasing land on the Las Vegas Strip for hotel development, to finalizing plans for 30 luxury condos in Newport Beach at Uptown Newport, and also selling our Anaheim Lincoln Townhome project to a public homebuilder, these select examples represent a taste of how our firm was able to have a stellar year, full of activity, despite the challenges that came with 2020," explained Shopoff Realty Investments president and chief executive officer, William Shopoff. "We anticipate an even more robust pipeline for 2021 and perhaps an even more successful year, as we move forward on many project dispositions, including sales that were pushed from last year."