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John Santry Santry: “In many locations, renting is simply less desirable than ownership, and that can often sway our decision.”

IRVINE, CA—Shopoff Realty Investments reviews comparable multifamily properties, both for-sale and for-rent, and then identifies which products will create the greatest residual land value to attract potential developers in order to decide whether apartments or townhomes will be better on a given site, the firm’s EVP John Santry tells GlobeSt.com. As we recently reported, the locally based manager of opportunistic and value-add investments has sold 16.1 acres of vacant infill land entitled for 124 two-story townhomes in Vista, CA, to residential developer CalAtlantic Homes to help ease the tight housing inventory in that Northern San Diego County submarket. The land, known by local residents as Delpy’s Corner, is currently vacant.

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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