**Still Property Group Launches Regulation D Fund for Residential Conversions**
Los Angeles-based Still Property Group (SPG), a leading real estate investment and development firm, has introduced a Regulation D fund aimed at addressing the national housing shortage through property conversions and adaptive reuse projects. With a primary focus on California, Florida, and other high-demand areas, the fund will target markets experiencing severe housing shortages, emphasizing properties that can be acquired below replacement cost.
“Our strategy of converting underperforming commercial properties into vibrant residential communities allows us to create housing where it’s needed most while generating attractive returns for our investors,” said Armand Boyajian, managing partner of SPG.
The fund will be available to qualified investors under Regulation D and will focus on both immediate value creation and long-term appreciation through strategic property improvements and professional management. Investors can expect projected net returns of up to 28% annual internal rate of return, with a minimum preferred return of 15% per year in cash or accrued interest.
