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Shopoff Realty Investments secured $52 million in financing from Peachtree Group for The Block at Elliot in Mesa, Arizona, which includes approximately 270 acres of undeveloped land. The financing will allow Shopoff to advance this project to the next stage of development, providing funding for grading, offsite street and utility improvements. In an earlier release the company said the property is well positioned for manufacturing use. Mavik Capital Management provided an $81 million participating first mortgage in connection with the acquisition in 2022.