**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 nation’s housing shortage through property conversions and adaptive reuse projects. The fund will primarily focus on California, Florida, and other high-demand regions, targeting markets with severe housing shortages. SPG’s strategy emphasizes acquiring properties below replacement cost to maximize value.
“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 is available to qualified investors under Regulation D, prioritizing both immediate value creation and long-term appreciation through strategic property improvements and professional management. Projected net returns for investors could reach up to 28% annual internal rate of return, with a minimum preferred return of 15% per year in cash or accrued interest.
