IRVINE, CA—The Shopoff Group has released Shopoff Commercial Income Fund, a program designed for California residents seeking to take advantage of off-market and value-add opportunities, mostly in Southern California and the San Francisco area. The fund was designed in partnership with Courtlandt Financial Group, based on that firm’s knowledge of working with California intrastrate public offerings and its experience in delivering investments to California residents.
According to Bill Shopoff, founder and CEO of the Irvine-based progressive real estate investment company, “Shopoff Commercial Income Fund delivers what our clients and the marketplace have told us they want most in their real estate portfolios: California properties in core regions that may provide both monthly income and capital appreciation, sourced and managed by a tenured California-based firm with a long-term track record. The fund presents features that are not available in some investments, including pass-through depreciation, the potential for institutional co-investment and assets in what we believe to be some of the preeminent markets in the country.”
Daniel Oschin, COO of the Shopoff Group, adds that the firm’s relationship with Courtlandt “has resulted in a program that we are proud of as a firm and that we believe will resonate with investors throughout our great state. Courtlandt has proven to be much more than just a distribution resource, but a true partner without whom developing this type of program would have been more challenging, expensive and time consuming.”
As GlobeSt.com reported earlier this month, Oschin recently joined the Shopoff Group as COO. His is charged with leading the initiative to create a dynamic platform, develop innovative products, advance and promote the Shopoff brand and oversee the operations that support the company, its offerings and the industry that it serves.
Michael Cruz, chairman and CEO of Courtlandt, adds that he and Bill Shopoff “carefully and diligently approached our partnership to ensure that our high ethical and business standards were compatible and that the platform we endeavored to bring to market would represent the quality and value that we both strive to provide to our clients.”