Not many think of the word “luxury” when discussing Opportunity Zones. However, there are some interesting luxury projects located in Opportunity Zones worth taking a look at. In this podcast, Bill Shopoff, the President and CEO of Shopoff Realty Investments, talks about his Dream Hotel project located in a Qualified Opportunity Zone designed 5.25 acre property on the Las Vegas Strip. His $185 million Shopoff DLV QOZ Fund is now offering accredited investors the ability to use the benefits of the Opportunity Zones program by investing in the development of this project. And just like in regular real estate, it’s all about location, location, location! It all starts with well-located real estate that fills a niche to the community while creating jobs and economic vitality. Sounds like Las Vegas!
Shopoff Realty Investments is a national real estate investment firm that primarily focuses on proactively generating appreciation through the repositioning of commercial, income-producing properties and the entitlement of land assets. Their clients include a wide range of investors and joint venture partners that includes banks, developers, builders and high-net-worth individuals.
It’s hard enough to develop properties to fruition, period! Building luxury is a different story, and unfortunately not many builders/developers have the experience and resources to pull it off. However, after listening to this podcast, you’ll learn how Mr. Shopoff and his team were able to secure the property, create the OZ Fund, partner with the appropriate personnel, and negotiate his way through the issues of gaming, FAA requirements, government bureaucrat red tape, and other legislative entities for approvals, all the while designing security features and more that may serve as a blueprint on future building in Las Vegas.
His boutique Dream Hotel brand project is projected to be a 19-story, 524 room, resort casino. But if there’s one huge takeaway from this podcast, it’s this: a developer’s mindset must be that of a project penciling out and making sense on its own right! Adding the Opportunity Zones benefits is just the icing on the cake! A good tax strategy has never fixed a bad deal.
If you’d like to get more information on the Shopoff DLV QOZ Fund or have any questions, you can visit Bill Shopoff’s website at www.Shopoff.com or send him an email at email@example.com. (Remember to ask him about the DLV Founders Club too!)
ABOUT OUR GUEST: Bill Shopoff
Mr. Shopoff has more than 40 years of real estate and investment experience. His expertise includes the acquisition, development, and sale of new and redeveloped residential and commercial properties throughout the United States, as well as partnership structure, debt placement, venture capital and investment underwriting. Mr. Shopoff has acquired over 1,000 properties on behalf of his various entities, including the acquisition of over 6,000 apartment units (fee or mortgage loans), the entitlement of over 18,000 lots/units of land suitable for single-family or multi-family development, as well as millions of square feet of commercial projects. Additionally, the firm has undertaken numerous development projects, with current developments underway including high cube logistics buildings, apartments, luxury condominiums and single family build to rent product.
For almost 30 years, Mr. Shopoff has led Shopoff Realty Investments and its predecessor firms. Since 1992, he has served as either Principal or as President of the Asset Recovery Fund, and since August 1999, as the President of Eastbridge Partners, L.P. Upon acquiring the assets of Eastbridge Partners, L.P. in April 2004, Mr. Shopoff created the manager, Shopoff Realty Investments, L.P., and has served as its President since that time.
Involved in a number of industry associations, Mr. Shopoff is currently a member of Commercial Investment Real Estate (CIRE) and is a Certified Commercial Investment Member (CCIM). He is also a member of the Urban Land Institute (ULI), the Building Industry Association (BIA) as well as Lambda Alpha International (LAI), a global land economics society.
Mr. Shopoff is also involved in various collegiate councils, being named to the Executive Council of the Real Estate Center at The University of Texas McCombs School of Business. This Executive Council advises faculty and staff on curriculum matters within the University’s real estate department. He is also a member of the University of California Irvine-Chief Executive Roundtable (UCI CERT), which works in concert with local business leaders and university faculty.
In addition to his industry and educational board involvement, Mr. Shopoff is also involved in various nonprofit foundations, including his former roles as President of the Board of Directors for the Central Coast Wine Classic Foundation, and as a board member of Global Energy Network International (GENI), a non-profit organization based in San Diego, California. Furthermore, Mr. Shopoff has also been the top fundraiser for the past 20 years for the AIDS LifeCycle, a 585-mile bicycle ride from San Francisco to Los Angeles, which supports the San Francisco AIDS Foundation and the Los Angeles LGBT Center.
Mr. Shopoff is a frequent speaker on various real estate and investment related topics. He has been invited to participate as a key panelist and a guest speaker on professional panels at real estate conferences and industry events throughout the United States. Mr. Shopoff is a licensed registered representative with Shopoff Securities, Inc., member FINRA/SIPC. http://brokercheck.finra.org.
This is neither an offer to sell nor a solicitation of an offer to buy any security. An investment in a Shopoff limited partnership involves a high degree of risk, including the possible loss of your investment, and is illiquid with an uncertain liquidity date. Past performance is not indicative of future results. Securities offered through Shopoff Securities, Inc., member FINRA/SIPC.
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