Shopoff Realty Investments has sold the first phase its 200-acre Desert Moon Estates property in Buckeye to Forestar Real Estate Group. The first phase included 254 lots, and Forestar plans to develop the site.

Shopoff acquired Desert Moon Estates in 2009, and created value by re-engineering the site to provide improved lot segmentation and to reduce costs to finish the lots with value engineering. It is approved for more than 700 homes.

Greg Vogel and Ryan Semro from Land Advisors in Phoenix marketed the property and were the brokers for the transaction.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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