Repositioning of Commercial Assets: Los Alisos Village

Shopoff Realty Investments purchased the Los Alisos Village Center in the City of Mission Viejo in 2015. The 31,000-square-foot neighborhood shopping center was dated and in need of significant exterior renovations. Shopoff completed a full rehabilitation of the property, renewed existing tenants at market rents and added new high-quality tenants to improve occupancy and raise the value of the property. Shopoff sold the bulk of the property in December 2020 and a remaining 0.67-acre parcel in April 2022. Shopoff paid $11.5 million in October 2015 and sold the property in two parts, for a cumulative total of $18 million.