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Brian Rupp Rupp: “Having an existing industrial building reduces our risk on the acquisition, and with the leaseback to the land seller, we can offset our pre-development and entitlement costs.”

ANAHEIM, CA—As housing prices continue to escalate in Orange County, projects that include a mix of detached and attached for-sale homes, along with modern and highly amenitized apartment buildings, are critical, Shopoff Realty Investment’s SVP development Brian Rupp tells GlobeSt.com. The firm, a national manager of opportunistic and value-add real estate investments, along with funds managed by Argosy Real Estate Partners, has acquired a 20.5-acre property here for redevelopment to residential use. This is the third land-development opportunity that Shopoff has undertaken in the city of Anaheim.

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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