Shaffer Hired To Sell Shops at East Hills in Bakersfield, California for $15M

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BH Malls, LLC has retained Bryan Shaffer, President of SLS Investments to sell the Shops at East Hills for $15M.

BH Malls, LLC has retained Bryan Shaffer, President of SLS Investments to sell the Shops at East Hills for $15M.

“In today’s market it’s rare to find a value added mall opportunity in California for under $85 square foot. For the smart developer, the great freeway location and amazing growth in the area make this an exceptional opportunity,” said Shaffer.

Shaffer was amazed that the first day the property was on the market he had more than 100 calls. He added, “I had buyers who wanted to make offers before they even visited the site. I explained we want the buyer who will close for sure and understands the property.”

When asked why he received the assignment, Shaffer explained, “SLS is mainly an investor, advisor and financier, but with my close friendship with the owner and my experience selling over $1.2 Billion in properties over the last five years for a large Japanese company here in California, it made sense to get us involved. It very similar to a center I sold a few years back and our strategy worked great for both the buyer and the seller.”

“I love properties like this where the buyer will have the ability to create something new. When I speak at conferences or on Television, I always tell people that the true joy in real estate is making the property better for the community and tenants,” explained Shaffer.

Bryan Shaffer Bio

BRYAN P. SHAFFER

Founder & President, IRETO (International Real Estate Trade Organization); President & CEO, SLS Investments, Inc.;

For 20 years Bryan Shaffer has been involved in every aspect of commercial real estate. Bryan has bought, sold and leased over $3 Billion of properties worldwide.

Bryan started IRETO with a simple goal of connecting people, capital, markets and information around the globe. IRETO, a non-profit real estate investment trade association that now reaches over 50,000 professionals worldwide. He is also the executive publisher of the “The IRETO Report.”

Bryan is an expert member of World Business Review Advisory Board. He appears on CNBC and other television networks on World Business Review with host General Alexander Haig as an expert in the field of investment Real Estate. He also writes and lectures about international investment strategies and is an active real estate investor. Last year Bryan appeared at over 15 international conferences and spoke on investment capital and strategies.

He is currently serves as president of SLS Investments, a global real estate investment firm that acquires assets, provides international real estate investment advice and investment banking with partners around the globe. Prior to starting SLS Investments, he was with Mitsui Real Estate Sales USA, a subsidiary of Japan’s largest real estate company, where he sold over 75 properties, valued at over $1 Billion. He has also successfully lead Mitsui’s international brokerage transactions. In the past, he has owned his own advisory company and worked for several leading owners in the commercial real estate industry. He has been involved in the operation, brokerage and leasing of major commercial assets around the U.S., Guam, Japan, and Europe.

In addition to his role of president of IRETO, he is also an active member of ULI, NAREIT, ICSC and FIABCI. He was also Hope Committee Chairman for the American Cancer Institute. He graduated from the University of Arizona and is a California Superior Court-approved Receiver and Administrator, and a licensed California Real Estate Broker.

For Information Contact:

Thomas Perkins

323-309-9748

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