IRVINE, CA—Effective immediately, the Shopoff Group has renamed itself Shopoff Realty Investments. The locally based firm says the new name reflects its plans to “build upon its successful 25-year history as a progressive leader in creating value and opportunity.”

Over the last 25 years, the firm has completed more than 5,000 real estate transactions, including the acquisition, management, entitlement and development of more than 10,000 parcels and lots, 50,000 multifamily units and 5 million square feet of commercial properties, with an aggregate value in excess of $4 billion. The firm will continue to specialize in identifying undervalued and mismanaged commercial, residential, mortgage and land assets and take an active role in adding value to maximize returns.

Shopoff also expects to double the size of its staff and expand its office space during the year. It has launched and is planning to launch various innovative strategies, such as the new Shopoff Commercial Income Fund, a public intrastate offering designed for California residents only, on which GlobeSt.com has previously reported. GlobeSt.com was unable to reach Shopoff prior to deadline to discuss other innovative strategies and offerings the company is planning.

According to William Shopoff, the company's CEO, “We have always been on the forefront of finding opportunities to create value for our clients, and this expansion and transformation in the marketplace represents the latest step in that vision. The real estate investment industry is shifting from primarily distressed properties to a more opportunistic environment, which dovetails with our expansion strategy and our mission of transforming opportunity into value.”

Shopoff adds that while the company has a new name, it hasn't changed its “unwavering commitment” to its clients. “This expansion will allow us to build upon our recognized reputation as a leader in identifying and realizing opportunities over the long term.” Renaming the company is also expected to build brand awareness beyond the firm's Southern California home base as it expands its recognition as a real estate investment firm.

Instant Insights /

Shopoff Renames Itself, Expands Services

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