IRVINE, Calif., Nov. 25, 2014 (GLOBE NEWSWIRE) -- Shopoff Realty Investments announced today that seasoned real estate professional Joseph Reed has joined the company as vice president of land acquisition.
During his 27-year career, Reed has led the origination of nearly 200 transactions with a total aggregate value in excess of $1 billion in equity and debt structures, and has managed more than $1 billion in institutional capital and private equity investments. Reed has also directed the acquisition of more than 2,600 lots throughout Southern California.
"Joseph joins Shopoff Realty Investments with a very successful track record in real estate land acquisitions," said William Shopoff, CEO of Shopoff Realty Investments. "He is a dedicated professional with extensive relationships throughout the industry, as well as experience spanning a variety of asset classes, including residential, mixed-use, retail, multifamily and master-planned communities. I couldn't be more pleased to welcome Joseph to our team."
Reed joins Shopoff Realty Investments from KB Home, where he spent two years as vice president of land acquisition, acquiring more than 1,400 units/lots throughout the counties of Los Angeles, Orange and San Diego. Previously, Reed was a vice president with Standard Pacific Homes in Irvine, and CarVal Investors of Minneapolis, Minn. He also spent nine years with Weyerhaeuser Realty Investors, serving as senior vice president, regional investment manager of the Southwest U.S., where he earned the company's President's Award in 2000 and 2002.
Reed earned a bachelor's degree in Business Administration, Finance and Accounting from California State University, Fullerton, and a certification in Light Construction and Development Management from the University of California, Irvine. He is a licensed real estate broker in the State of California.
About Shopoff Realty Investments
Shopoff Realty Investments has a 22-year history of over 100 programs and 430 investments, of which more than 400 have gone full cycle with an average holding period of 2.7 years. Shopoff Realty Investments and its executive leadership have 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. For additional information, please visit www.shopoff.com or call (844) 4-SHOPOFF.
Disclosures
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. This is not an offering to buy or sell any securities. Such offer may only be made through the offerings memorandum to qualified purchasers. Securities offered through Shopoff Securities, Inc. member FINRA & SIPC, 2 Park Plaza, Suite 700, Irvine, CA 92614, (844) 4-SHOPOFF.