Masoud and Steph has been married for over three years now. Then, he decided to invest in the real estate industry. Hall said that when it was Shojaees turn last fall, he flew eight people on his private plane on an excursion to Austin, Texas, for a lunch and dinner of brisket and ribs. Ive always resisted that and have made a point to dress the way I want. We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. Shouma Hall is a theater-styled auditorium or classroom packed with leading-edge technologies to enhance the study of communication and can accumulate 140 students. While women have long been striving toward a more equitable workplace, modern data shows that women still have a long way to go before reaching fair representation in the corporate world. (DW, it's free!). the highest percentage of Cuban and Cuban-American residents in the country, rent jumped a whopping 65 percent, from $1,000 to $1,650 a month. Initially, he looked at enrolling at the University of California Los Angeles, but after building some connections in South Florida, he was convinced to enroll instead at the University of Miami. For example, between work posts, you can see me using lots of self-deprecating humor about how our dog Pebbles gets more attention from Masoud than I do. Masoud and Steph love each other so much. Working hard and playing hard, as clich as it sounds, its true. Mr. Shojaee. Since founding Coral Gables . Two trusts benefitting Anelise and Lilibet Shojaee sued a company managed by the Coral Gables-based developer thats tied to a recently completed Doral mixed-use project. Today his firm, Shoma Group, develops apartment buildings, townhomes, office buildings and retail space in addition to the 10,000 single-family homes it has built since he founded the company in 1988. 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. But Masoud Shojaee was once that kid. He couldnt return to Iran. I try to use my position to create opportunities and lead the way for other women. 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. In 2021, Shoma Group sold Doral apartments for $102.5 million. 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Masoud Shojaee, the real estate mogul has two daughters, Anelise Shojaee and Lilibet Shojaee. Those who know Shojaee also call him a generous friend. In 2008, amid the downturn, he sold all the inventory for more than $150 million, he said. This case was also unusual in the dollars at stake. He established Shoma in 1988. Your email address will not be published. He found that his daughter had better ideas. Registration on or use of this site constitutes acceptance of our Terms of Service, Privacy Policy and Cookies Policy. A: Im proud to say that Ive been able to dramatically change the way Shoma markets its developments and itself as a brand. Overall, I try to be as inspirational as I can while still maintaining relatability. After the success of the first two projects, Masoud Shojaee started out on his own, founding the real estate company Shoma Development in 1988. Shojaee denied the allegations in a motion to dismiss the complaint. Anelise Shojaee and Lilibet Shojaee [Both children of Masoud Shojaees Ex-wife, Maria Lamas]. But, his friends convinced him to enroll in the University of Miami, from where, he earned a degree in electrical engineering. His company Shoma is a Miami-based real estate development company. The Tax Court ended up buying the version of events that supported the position of Mr. Lamas that he needed to throw himself into the affairs of Shoma in order to rescue it from missteps by Shoajee. I have always been so impressed by the way Masoud made Shoma into one of the most trusted and respected developers in South Florida and formed a reputation as a market maker. Dr Jessica was born on 13 August 1977 while Jon was born on 15 September 1990. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Ivana Trumps townhouse might be the Upper East Sides quirkiest listing, Sedesco adds to Billionaires Row assemblage, Theatre 80 St. Marks faces curtain call as bankruptcy sale moves ahead, Blackstone mezz loan offered up by Koreans, signaling distress. Mariana Van Zeller Net Worth 2023: Salary, Earnings, Biography, How much money make? ( Source : therealdeal ). Jeff Hephner has a family of 5 with three children. Every [other] builder was selling maybe five units a month if they were doing really well, and I was selling somewhere from 20 to 30 homes a month in that location. Prices ranged from $150,000 to $330,000 per home. One thing about Masoud is, he sure knows how to spoil his wife rotten, and Stephanie loves and appreciates him so much. JFIF C I felt that there was a lot of opportunity for Shoma in digital marketing so I shifted my focus at the company and started experimenting and implementing those strategies. A: The biggest lesson I can give to women today is to be persistent and dedicated. Although there is no exact figure for how much this company is worth, it has earned billions of dollars since its inception, the company has completed more than $5 billion in real estate transactions. The taxpayer win in this case is encouraging and you really have to wonder why the IRS pushed it so far. Stephanie Shojaee Net Worth: Income, Salary, Earnings, Biography & How much money make? Both Shojaee and Colombo declined to comment on the legal wranglings. That makes the MAFS expert is originally from Wooster, Ohio. When I joined Shoma Group, we had very few women on our team, so I set out to change that and started seeking women candidates for open positions and started creating new roles too. 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. Shojaee earned most of his wealth from serving as the president and chairman of the board of Shoma Group. Most recently, the firm partnered with the Related Group on CityPlace Doral, a mixed-use project. Then in 1992, he bid $6 million in a government auction of 700 lots and negotiated a deal to get 300 more, developing 1,000 single-family homes on 220 acres, called Tamiami 4 and Tamiami 5. The rest of the tax blogosphere failed to note the admittedly somewhat tenuous connection to political intrigue and the deforestation of Central America, but that hunt for the story behind the story behind the story is what tends to slow me down a bit. Theres a certain flair to Masoud that is undeniable. I have found that nothing makes more of an impact to overcome peoples doubts about you than hard work and persistence. Opinions expressed by Forbes Contributors are their own. 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. Shojaee also knows exactly what he wants from a sartorial perspective. Since founding Shoma in 1988, Shojaee has developed more than 10,000 residential units and more than one million square feet of retail and office space with $5 . 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. Initially, he expressed his desire to attend UCLA. Shoma Group promoted Masouds second wife to the role of president in March of 2022. Masoud and Maria were a powerful couple who were not only bonded by marriage but by their billion-dollar company. Andrew Hall, Shojaees friend and managing partner at Hall, Lamb, Hall & Leto, who represents him in the Collection Residences and Collection suits, said litigation is par for the course. Similarly, she is the female ambassador for Rolls-Royce in the United States. A food and wine aficionado, hes amassed a 2,500-bottle wine cellar, which includes about 20 bottles of Petrus Bordeaux. The pair were married in 1986, and Maria co-founded the Shoma Group with him. The Shojaees sued Silva for defamation last week in Miami-Dade Circuit Court. Masoud Shojaee (born 3 August 1959 Tehran, Iran) is an American philanthropist, entrepreneur, CEO and Chairman of the Board of Shoma Group which is a real estate development company based in Miami specializing in residential and commercial projects. Shojaee bought Abreus share in the partnership for a few million dollars a number he doesnt recall exactly taking on more than 200 lots to build single-family homes. He began dating Stephanie and later got married to her. Of the governments four witnesses, the Tax Court found that only one contradicted his position, that being his brother-in-law. So Mr. Lamas had a minority interest in a business venture controlled by his brother-in-law. Masoud Shojaees goal from the very beginning of Shomas creation was to create value in every development and his approach has paid off. But, the workhorse of a typical real estate transaction is the person who coordinates the process, a real estate agent like Masoud Shojaee. He went in the right direction.. Hed brought capital with him from Iran, and his family had sent more money to invest in the United States an amount Shojaee will only peg as millions of dollars. Every major business person I have ever known has some degree of litigation associated with them, and it doesnt mean they havent been successful, Hall said. , , and/or , and/or. An Iranian native, Masoud immigrated to the United States in 1978 before founding Shoma Group a decade later. Then in 2010 a follow-up letter was sent to the IRS that Mr. Lamas had not done much at all for Shoma or Greens. That is not what was going on there in any sense. Huh? This, the company started developing office buildings and other commercial properties. This wife was Stephanie Shojaee (ne Mejia), his companys Chief Marketing Officer. Christmas was a little bit extra special for certain people. The couple married in 1984 and together they started the Shoma Group. I am the proud daughter of two working-class Colombian immigrants who devoted themselves every day to provide for our family. I also try to use my platform to show the fun and exciting aspects of building and developing real estate because I think theres an incorrect perception that the industry is boring. At trial Mr. Lamas had ten witnesses that supported his material participation. They are the definition of a perfect couple. I hope I am healthy enough. Izzy is a native of West Hollywood. His daughters have a great sense and ideas regarding the real estate development business. Two trusts benefitting Anelise and Lilibet Shojaee sued a company managed by the Coral Gables-based developer. Shojaees aptitude for building is in his blood. independent local journalism in Miami. Shoma Village is an eight-story "luxury" apartment complex under construction in East Hialeah. 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. The private jet is just one of the many gifts Masoud gave to his wife in the past year. 10 0 obj Shojaee was born in Tehran, Iran, where his father had a large construction company that worked on government projects and employed 400 engineers. What is Masoud Shojaees net worth? They helped to build a Shouma Hall at the University of Miami. Masoud is popularly known as the CEO of the Chairman of the Board of Shoma Group. Masoud Shojaee resides in Coral Gables, Miami-Dade County, Florida. Masoud Shojaees father was quite successful and owned a construction company in Iran, the company contracted various government projects. Lilibert and Anelise both have Master's degrees in Miami real estate development business. Amy gained an associate of arts degree in merchandise product development from the Fashion Institute of Design in 2009. Most recently, the firm partnered with the Related Group. 1 0 obj The trusts own a minority interest in Florida Wilshire. The couple was living their dream life together until 2015 when Maria filed for divorce from Masoud. My aim has been to build on that and make Shoma known for our meticulous attention to detail and our focus on creating beautiful, luxurious developments that not only provide great housing but also serve as amazing amenities for the surrounding community. A: Being recognized by Rolls-Royce as an ambassador was a surreal and humbling experience. His world changed on a dime, and he was literally on his own, Hall said. But, Mr. Masoud does not rest on past successes, Masoud Shojaee continues to develop and research his methods based on his desire to create projects, that inspire excitement and new ways to improve the environment we live in. By making his wife CMO, it shows how much trust and faith he has in her. On 18 December 2021, Masoud Shojaee gifted his wife Stephanie a private jet. They divorced in 2018. Q: As the wife of businessman Masoud Shojaee, you've had to navigate many decisions at Shoma Group with one another; how have you successfully turned your romantic relationship into a flourishing business one? I came on board as part of the sales team at Shoma, and I noticed that Shoma wasnt using any digital marketing, instead they were relying entirely on methods that many people would now consider old school, like newspaper ads and direct mail campaigns. I came up with better ideas and new ideas, to be more creative, to have a better design on the houses, to be a little bit innovative, to introduce new products.. [2023]. That reduces costs, provides more control, and allows the company to establish relationships with buyers, he said. The Shouma hall has been helpful for the students of the University. This strategy worked and the company became very successful. Masoud Shojaee is an entrepreneur whose first wife is Maria Shojaee. They have no kids. I dont think this should really be a lawsuit, but we have no choice. How does it feel to accomplish this feat, and what does it mean to you to be the first woman of Latina origin to earn the spot? I love to be in my office. He was born in Tehran, Iran, but moved to the United States for his college before settling in the country permanently. Theres also a suit against Colombos exotic-car dealership, the Collection, related to a $413,108 contract to purchase a Ferrari. From limited edition Hermes purses, to vacations, to the unexpected Audemars Piguet wristwatch Masoud left at her office one fine morning, and of course, the private jet which happened to be the biggest of all last year. As a result of its reputation for building environment and quality homes, people want to buy Shomas advanced projects whenever they get them. Masoud and Maria both had hands-on building the Shoma group as a known real estate development company. Separately, Masoud and I are impressive, but when you put us together, we are a true force. Alone and isolated from his family, an 18-year-old Masoud was exiled from his home and unsure of what to do next. Masoud Shojaee is facing another legal entanglement involving his daughters. It was all possible due to their $1.5 million gift from them to the University. But neither party has given the reason for the split. Over the next three decades, it would grow exponentially, to include apartment buildings, commercial real estate, and retail space across the region. https://therealdeal.com/miami/issues_articles/the-making-of-masoud-shojaees-empire/#new_tab, Miami condo sales surged in March. News ), , . You cant expect other people to respect you if youre easily pressured into changing yourself to conform to what other people want. The home was built in 2003 and the property was acquired a few years before that, in October 2000, for $1.56 million, according to public records. local news and culture, Joshua Ceballos Work Experience Director, Marketing & Sales Shoma Group 2016-2018 View Stephanie Mejia's full profile Recent News About Stephanie Mejia Web References Scoops Intent SHOMA GROUP Events - azureazure.com Read more news I also assist clients in developing wish lists of features they want in their homes, guide clients through the process of staging and preparing their homes. Miami is not New York City, and its neighborhoods are not comparable to New York's boroughs. On top of those, there's the developer's lengthy divorce that began when his wife, Maria Shojaee, filed in April 2015 after 29 years of marriage.

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