CARSON, Calif., May 16, 2017 /PRNewswire/ -- Shopoff Realty Investments, a national manager of opportunistic and value-add real estate investments, announced today that it has invested in the entity that holds the ground lease for the Links at Victoria Golf Course. The County of Los Angeles-owned 170+ acre property is located at 340 East 192nd Street in the city of Carson, California.
"The Links at Victoria Golf Course acquisition fits in well with our overall portfolio, as we focus on properties in core infill locations with value-add components," said Shopoff Realty Investments CEO William Shopoff. "We are thrilled to invest in this property, and will continue to seek similar investment opportunities that align with our company acquisition strategy."
The golf course is in close proximity to the major employers and residential areas of South L.A. County. The current golf course management by Greenway Golf and the cash infusion provided by Shopoff will allow the facility to return to operational soundness.
"Current plans for the golf course include increasing operational income through enhanced golf course facilities and food and beverage operations," said John Santry, executive vice president of Shopoff Realty Investments Land Division. "Plans also include creating a better overall visitor experience for local golfers, including a completely redesigned driving range, which will also increase the number of rounds played and the top line revenue."
The opening for the new driving range is scheduled for June 2017 in anticipation of the extended summer playing hours. A beverage cart with on-course service will commence in the coming weeks. Additional course enhancements including environmentally friendly turf reductions are planned for the future as well.
About Shopoff Realty Investments
Shopoff Realty Investments is an Irvine, California-based real estate firm with a 25-year history of value-add and opportunistic investing across the United States. The company primarily focuses on proactively generating appreciation through the repositioning of commercial income-producing properties and the entitlement of land assets. The 25-year history includes operating as Asset Recovery Fund, Eastbridge Partners and Shopoff Realty Investments (formerly known as The Shopoff Group). For additional information, please visit www.shopoff.com or call (844) 4-SHOPOFF.
This is not an offering to buy or sell any securities. Such offer may only be made through the offerings memorandum to qualified purchasers. Any investment in Shopoff Realty Investments programs involves substantial risks and is suitable only for investors who have no need for liquidity and who can bear the loss of their entire investment. There is no assurance that any strategy will succeed to meet its investment objectives. Securities offered through Shopoff Securities, Inc. member FINRA/SIPC, 2 Park Plaza, Suite 1120, Irvine, CA 92614, (844) 4-SHOPOFF.
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SOURCE Shopoff Realty Investments