As the wife of Shoma Group founder Masoud Shojaee, Stephanie Shojaee has helped transform the Miami-based development company into a modern multi-billion dollar empire through her role as. Initially, the company focused on developing mid-range priced properties, such as mostly single-family homes and townhouses. Heir Of Honduran Timber Fortune Wins Large Refund In Tax Court - Forbes He went in the right direction.. Because until his success in the United States a few years later, he did not attract much public interest. Tour the amazing $11M castle Dwyane Wade and Gabrielle Union were married in. Shomas general counsel Frank Silva and a company spokesperson did not respond to requests for comment. But what do we know about the enigmatic and private real estate mogul with a penchant for luxury and an impressive amount of business savvy? A post shared by Masoud Shojaee (@mrmasoudshojaee). She is helping Masoud to expand the Shouma Empire. Also, the same year, she enrolled a Megan Phelps Roper husband Chad Fjelland is an attorney at Fjelland Law Office. Shojaee is also planning to build 180 apartments and 50,000 square feet of retail space at 1515 San Remo Avenue, across from the Shops at Sunset Place. Masoud Shojaee is an entrepreneur whose first wife is Maria Shojaee. Shoma Village is an eight-story "luxury" apartment complex under construction in East Hialeah. I hope I am healthy enough. <> stream Megan Phelps Roper married Chad Fjelland in 2016. This case is good news for developers, as this structure is common in that business: a permanent S corporation sets up new LLCs for each development project. During his earlier years, Shojaee said he was primarily focused on mid-market prices for single-family houses and townhomes, but he changed direction after the housing crisis of 2007, opting to build more luxury homes and townhomes priced at $1 million and up. Huh? Hephner is best known for his roleplay of Jeff Clarke on the NBC TV series 'Chicago Fire' and its franchise 'Chicago Med.' Stephanie started in the companys sales division before becoming chief marketing officer and most recently president. As much as he likes fancy things, he doesnt define himself by it, said Jay Parker, CEO of the Florida brokerage at Douglas Elliman. That led to a second, 58-lot project, Kendall Best 3, also with Abreu. A: I really enjoy sharing my work life on Instagram as a way of promoting the company and giving visibility to working women, especially in this field. Masoud and Maria both had hands-on building the Shoma group as a known real estate development company. Two trusts benetting Anelise and Lilibet Shojaee sued a company managed by the Coral Gables-based developer that's tied to a recently completed Doral mixed-use project. How do you manage to balance looking good with working hard? Highlighting the best architecture across the Magic City. I focus on the tax issues of individuals, businesses & more. 492K Followers, 139 Following, 285 Posts - See Instagram photos and videos from Stephanie Shojaee (@stephshojaee) While other friends of his with similar nest eggs wasted the money or partied it away, Shojaee used the funds to launch his career. His company in Honduras ( Jose Lamas S. de R.L) appearsin reports by environmental activists as logging illegally with the logs passing through Miami based Aljoma Lumber (which was sold to Universal Forest Products in 2007 for $53.5 million). Kylie emerged i Nimesh Patel wife Amy Havel Patel is a Director at Whalar. Apart from real estate, Masoud Shojaee worked in the aviation industry. The couples have two daughters with together, and their names are Lilibet Shojaee and Anelise Shojaee. Secrets to Success From Shoma Group's New President GRAZIA USA Masoud Shojaee - WikiAlpha %PDF-1.4 It was the mid-1980s, during the savings and loan crisis, a good time to start looking for properties, Shojaee recalled. In the earlier lawsuit, which was filed in March, M&M Life Insurance Trust alleged it owned a 75 percent interest in Santa Fe Haciendas, a rock mining land rental company. Your email address will not be published. Resi sales fell elsewhere in South Florida, Billionaire Michael Dell is buying the 1,000-plus room Boca Raton Resort, South Florida realtor killed in South Beach boat crash, ESJ Capital sells troubled Wellington charter school for $14M, Virgin Trains closes $1.75B bond issue to fund expansion to Orlando. After the success of the first two projects, Masoud Shojaee started out on his own, founding the real estate company Shoma Development in 1988. From the early days of the Shoma group, Shojaee showed a keen insight into developments in the Hialeah and Doral areas. View all posts by Judit Miltz, Your email address will not be published. READ THIS NEXT: What is Ricardo Lugos net worth? But Masoud was greatly affected by it. Behold, the 21 best destinations in Miami for families and kids. In the early stages of the audit Mr. Shoajee had supported the view that Mr. Lamas had worked at Shoma on a regular and continuous basis at least 10 hours a week. Working hard and playing hard, as clich as it sounds, its true. That makes the MAFS expert is originally from Wooster, Ohio. His father retired and Shojaees life took a turn. The pair incorporated the Shoma Development Corporation together two years after they tied the knot, with Masoud taking the role of president, and Maria, the role of secretary. Today, I continue to make a deliberate effort to mentor our women employees at Shoma and give them opportunities to grow within our company, especially young women who are just starting out in the industry and are looking to launch their careers. Back around the turn of the millennium, Aljoma Lumber, under the leadership of his son Jose Antonio Lamas, was not exactly getting kudos as a model employer. Credited with transforming the latter into a functional community, he was hailed through the 90s and new millennium as the King of Doral. According to the lawsuit, Shojaee is looking to sell Sanctuary at Doral, a project consisting of two six-story apartment buildings with 226 units and a total of 27,000 square feet of retail, which includes a 14,000 square-foot food hall called Shoma Bazaar. Masoud Shojaee Social Media Accounts Link, Alexander Shunnarah Net Worth: Biography, Career 2022 (Updated), Rick Beato Net Worth: Wife, Family, Income, Earnings, Druski Net Worth 2022: Biography, Wiki, Girlfriend, Pnuff Crunch Net Worth: The Biography of a Wealthy Businessman, Franco Escamilla Net Worth: The Mexican Comedian with a $17.22 Million Fortune. Make a one-time donation today for as little as $1. His first project, when he was 24, was a 48-home development in Kendall, called Kendall Best 2, in a joint venture with an experienced partner, Ernestino Abreu, principal of a family business, A & F Developer. That was one of the most successful projects I did, he said. I dont think this should really be a lawsuit, but we have no choice. The 21 best things to do in Miami with kids. Mr. Shojaee, while acting as president of Shoma and Greens, had used Shoma's assets for personal gain and usurped Shoma's business opportunities for another business he controlled. I am generally conservative, but I am a risk taker with a very calculated risk, he said. Masoud Shojaee is part owner of Shoma Group. Cuban by birth, he fled in 1963 to Central America, where he is now reputed to be the wealthiest man in Honduras. https://therealdeal.com/miami/issues_articles/the-making-of-masoud-shojaees-empire/#new_tab, Miami condo sales surged in March. <> Miami's independent source of Luis Suarez, an attorney representing the trusts, said his clients are entitled to see those records under Florida Wilshires operating agreement. The Iranian Revolution began in 1978, prompting Masoud to leave his home country for college in the United States. A: The biggest lesson I can give to women today is to be persistent and dedicated. Masoud Shojaee is an entrepreneur whose first wife is Maria Shojaee. Masoud Shojaee and his ex-wife Maria Shojaee helped to build state-of-the-art auditorium and classroom known as Shoma Hall. Deestroying Net Worth 2023: Early Life, Career, Personal Life & More Latest Update. Shojaee earned a degree in electrical engineering and then pursued his Ph.D. Just a decade after arriving in the United States as an exile, Masoud Shojaee had turned his life around. The deal was that Shojaee would put up all the equity, and bank financing would provide the rest of the funds. Stephanie Shojaee (@stephshojaee) Instagram photos and videos % In 2021, Shoma Group sold Doral apartments for $102.5 million. Closely related operationally and with identical ownership to Shoma there was also Greens at Doral LLC, a condominium conversion project. It is great cash flow and you have no risk, and you sell the building when its stabilized, or you decide to keep it, and two or three years from now, when the condo market is great, you do a condo conversion, Shojaee said. Bad Boys IIs Miami filming locations, mapped. The company has made more than 10,000 residential units. Trusts allege they have a stake in Sanctuary at Doral project, Masoud Shojaee with renderingof Sanctuary at Doral and pictured with daughterLilibet Shojaee (Shoma Group). Stephanie Shojaee Net Worth: Income, Salary, Earnings, Biography & How much money make? If Stephanie is not catching Masoud in an unaware video of him in his office working, then she is gushing about how much she loves him to her followers on Instagram. How Stephanie Shojaee Embraces Her Executive Marketing Role with Style 6 0 obj I also learned to use Google Ads and found graphic designers and animators to breathe new life into our email campaigns and other digital materials. With a Masters Degree and a Ph.D. under his belt and a lifetime of knowledge passed down from his developer father, Shojaee had a plan. Lilibert and Anelise both have Master's degrees in Miami real estate development business. I like to show people what I am like in real life while still keeping healthy boundaries, I strive to inspire people and showcase my real self. He was still under 30 when he founded the Shoma Group in 1988. That partner was Masoud Shojaee's first wife, Maria Lamasthe daughter of Aljoma Lumber founder Jose Lamas. The marriage of Masoud Shojaee and Maria Shojaee lasted for about 30 years. From the fall issue: It may be hard to believe that the man who today oversees a vast empire of real estate development in South Florida, who relishes the riches of his success driving a Rolls-Royce Wraith and sporting the latest fashions from Bijan and Dior was once a frightened 18-year-old, completely alone in the U.S. as a freshman at the University of Miami, in exile from his home country, where a revolution was just beginning. But Masoud Shojaee was once that kid. Its a feeling. Many call Hialeah the Brooklyn of Miami .. pic.twitter.com/fnzp3L4r1l, Gentrification isnt inevitable. Shojaees strategy was to focus on the Hispanic market, advertising the homes on Spanish radio by broadcasting a live breakfast show from the sales office.