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Shojaee also knows exactly what he wants from a sartorial perspective. 465k Followers, 138 Following, 277 Posts - See Instagram photos and videos from Stephanie Shojaee (@stephshojaee) State of the Packers One is left tackle David Bakhtiari. 2023 is already off to a bold and beautiful start when it comes to art and fashion. He has made over 100 K fan followers. Former Washington Governor Gary Locke, wife Mona Lee Locke divorced. We know that Maria Shojaee also lived at this address, perhaps within a different time frame. Masoud got married to Maria in 1986. The family of Dejagah is enjoying a good and blissful life. Based on our FC Ranking and match performance analysis he currently has a ranking of 83 out of 99 which is Valuable-level compared to other football players around the world. The group regularly gets together socially for dinner, each taking turns hosting. Masoud and his wife's type of love is different. I love to work, he said. Maria Lamas Shojaee file for divorce from her husband in April 2015, and the divorce is still ongoing, records show. In April Maria Shojae Nichole Walters talked about divorcing Justin Walters as the couple was going through marital problems because of his drinking. Masoud Shojaee age is 63 years old at the time of writing this article. There was a failed hotel development plan in Las Vegas a deal that collapsed in 2007 along with the economy. Masoud and Steph are a rich couple married for some years now. After two or three years of working independently, she joined Shoma in the sales division, working under a different boss, she said. Shoma remains busy, working on six projects, planning four more and looking at single-family home construction in the Boca Raton area and Delray Beach. Did Simon Keys & His Wife Get Divorced? His world changed on a dime, and he was literally on his own, Hall said. The former couple founded Shoma in 1988 and lasted almost 30 years together. Among Iranian footballers, Mehdi Taremi has the highest FIFA 22 rating followed by Ali Gholizadeh in second and Karim Ansarifard in third.Iranian Footballers in FIFA 22. The company generated $23 million in revenue last year. Who is Masoud Shojaee wife? How much is an acre of land worth in Oregon? Current address for Masoud is 515 Casuarina Concourse, Miami, FL. Lamas co-founded Shoma in 1988. Masoud Shojaee is facing another legal entanglement involving his daughters. Lamas, formerly Maria Shojaee, is the ex-wife of Masoud Shojaee, president and chairman of Shoma Group. Its details that I pay attention to.. Shojaees aptitude for building is in his blood. The group is a real estate development company which is based in Miami. Theres a certain flair to Masoud that is undeniable. Stephanie Shojaee said she met her husband when his divorce was being finalized, and that Masoud pursued her after spotting her at a Miami Heat vs. Los Angeles Lakers game. My husbands never been happier. They are into the Real estate business, and they are one of the biggest developers in Miami City and South Florida. Their former home, a Moroccan estate in Coral Estates, is on the market for $12.95 million. They divorced in 2018. Required fields are marked *. Masoud Shojaee, the CEO of the Shoma Group with his wife, Stephanie Shojaee, the President of the Shoma Group ( Source : instagram ) Masoud Shojaee is the proud father of two daughters named Aneise Shojaee and Lilibet Shojaee. You may also like: Ektor Rivera Age, Height, Wife, Net worth, How old is he? His daughters names are Anelise and Lilibet Shojee. Marialived at address. From there, Masoud and his company have made various residential developments such as Doral View, Gold Vue, Las Rambla, and even office buildings such as Shoma Centre and One Square Park at Doral. I love to dress in something different, he said. She is seeking $4.9 million in principal, default interest, late charges and attorney fees against LSA Property Holdings LLC, the entity that owns thefive-story office buildingat 201 Sevilla Avenue. As of 2023, Masoud Shojaees net worth is expected to be 3 billion dollars ($3 Billion). In April Maria Shojaee filed a . Do I really want to add one more human that my husband is going to be so crazy about that its just gonna take away my attention? Hall refers to his client as, smart, knowledgeable, and he knows exactly what he needs.. His net worth is estimated to be at least $61 million. Shojaee discussed her start in real estate, helping to sell her fathers real estate after college, and sexism shes faced in the industry. The homes asking price equates to $1,273 per square foot. I dont know if Im really willing to share it.. Family. I would not just close my eyes and throw a dart. What are the symptoms of chronic urticaria? We use cookies to ensure that we give you the best experience on our website. We work so hard, she said. Previously city included Coral Gables FL. Lamas, formerly Maria Shojaee, is the ex-wife of Masoud Shojaee, president and chairman of Shoma Group. 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. He was also awarded the Future Sharks businessman of the year in 2018. Who is Masoud Shojaee? Lamas and her children, through trusts and other entities, sued the Shoma Group developer over the years. They divorced in . The companys current projects include Eleven on Lenox, an 11-townhouse project planned near Lincoln Road in South Beach and two condominium towers at Oasis Park Square Doral. He has a wife and two daughters. He was on his own to continue his studies, earning a masters degree in electrical engineering and taking additional classes, aiming for a Ph.D. in the subject. In Miami Beach, Shoma is planning a luxury townhome project, Eleven on Lenox, with construction expected to begin in the first quarter of 2018. In April Maria Shojaee filed a motion to sell the couples home, andMasoud Shojaee, CEO of Shoma Group, had initially objected to the sale. The average salary range for a Football Player is between AED 103,496 and AED 171,019. What are the major reasons for the growth of slums in the developing countries? Sticker shock: Ranking South Floridas priciest residential rentals, Here are Chicago's top 10 construction permits issued in May. He visits Bijan on Rodeo Drive in Beverly Hills every quarter and has suits designed with unusual twists like a yellow jacket with one black button and all the rest white buttons. On a recent Divorced Not Dead podcast with TV personality Caroline Stanbury, Shojaee, who has nearly half a million followers on Instagram, pushed back against being labeled a gold digger. She said Masouds children, Lilibet and Analise, stopped speaking to Masoud years ago because of his relationship with Stephanie, despite her and Masouds attempts to reconcile with them. Age, First Wife, Daughters, Wife, Net worth, Birthday, Bio, Religion. Required fields are marked *. While other friends of his with similar nest eggs wasted the money or partied it away, Shojaee used the funds to launch his career. Stephanie Shojaee said she met her husband when his divorce was being finalized, and that Masoud pursued her after spotting her at a Miami Heat vs. Los Angeles Lakers game. There is no online registration for the intro class Terms of usage & Conditions In addition, in Coral Gables, Shoma has built custom homes and townhomes and recently renovated the companys new headquarters at 201 Sevilla Avenue, where Shojaee works with his two daughters, Anelise, 31, and Lilibet, 28. It really helped me a lot, he said. Stephanie Shojaee, who joined Coral Gables-based Shoma in 2013 as chief marketing officer, eventually plans to expand Shoma in the U.S. and parts of Latin America, including California, Texas, Mexico and Colombia, she said. Ver. That led to a second, 58-lot project, Kendall Best 3, also with Abreu. He later got married to his second wife, Stephanie Shojaee. Lamas co-founded Shoma in 1988. Run a background search to uncover their phone number, address, social photos, emails and more. He also played 85 and 68 minutes in the next matches against Argentina and Bosnia and Herzegovina, respectively. Today it is one of South Florida's preeminent residential builders. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); CBS4s Bobeth Yates reports on how a man fell to his death on the job in Coral Gables Wednesday.Read MoreHome CBS Miami, Ken Griffin (Getty) Billionaire Ken Griffin revealed details of his plans to put his stamp on Miami including a waterfront office tower with a [], New year, new trends. The former couple founded Shoma in 1988 and lasted almost 30 years together. Lamas, formerly Maria Shojaee, is the ex-wife of Masoud Shojaee, president and chairman of Shoma Group. CLICK HERE TO SUBSCRIBE TODAY! 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. I love what I do.. Today it is one of South Florida's preeminent residential builders. The deal was that Shojaee would put up all the equity, and bank financing would provide the rest of the funds. It is quite rare but still happens that a person can be found being listed under a completely different name. Masoud married his first wife Maria in the year 1984 before divorcing in 2015. Hes respectful and firm and he knows what he wants and is relentless in getting it, Parker said. But I feel like they never gave me the chance whatsoever.. 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. Lamas co-founded Shoma in 1988. There is not much information on Masoud Shojaee and Stephanie Mejia's wedding. He went in the right direction.. 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. Note, Facebook may ask you to prove you're not a bot - just solve CAPTCHA. 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. I have never seen an elderly man married to a young lady, love the way Masoud loves Stephanie. Know more about the talented man in the following lines. From there, Masoud and his company have made various residential developments such as Doral View, Gold Vue, Las Rambla, and even office buildings such as Shoma Centre and One Square Park at Doral. He was born on Aug 3, 1959. Coral Gables, Florida Masoud Shojaee is a famed Iranian American businessman and served as the CEO of the Shoma Group. As much as he likes fancy things, he doesnt define himself by it, said Jay Parker, CEO of the Florida brokerage at Douglas Elliman. But Masoud Shojaee was once that kid. Shojaee purchased 237 lots on Northwest 6th Street and 132nd Avenue for nearly $9 million, and developed homes on the property. This is a personal and private matter and I kindly ask that you respect our familys privacy at this time, he said in a statement. He is currently married to Melisa Roodbari since 2010. Therefore, ClustrMaps.com cannot be used for any purpose covered by the FCRA, Text on ClustrMaps.com is available under CC BY-NC-SA 3.0 license unless otherwise specified. In April Maria Shojae. Use this link https://www.linkedin.com/search/results/people/?keywords=Masoud+Shojaeeto search employment history, You can find school buddies by browsing Classmates.com yearbooks https://www.classmates.com/siteui/search/results?q=Masoud+Shojaee&searchType=all. He reentered the aviation business two years ago, buying and selling more planes. Gordie vs. Gordon), sometimes they use their names international variations (Alexander/Aleksandr). Maria's personal network of family, friends, associates & neighbors include Beatrice . tackle David Bakhtiari She provided the loan in 2018. Masoud is married to Stephanie Shojaee, formerly Stephanie Mejia. Businesses shut down. They divorced in 2018. Veritas $450M loan default: A sign of things to come? Current Contract Alireza Jahanbakhsh signed a 5 year / 13,000,000 contract with the Brighton & Hove Albion, including an annual average salary of 2,600,000. On a recent Divorced Not Dead podcast with TV personality Caroline Stanbury, Shojaee, who has nearly half a million followers on Instagram, pushed back against being labeled a gold digger. She said Masouds children, Lilibet and Analise, stopped speaking to Masoud years ago because of his relationship with Stephanie, despite her and Masouds attempts to reconcile with them. Shojaee filed a new suit against Colombos exotic car dealership, the Collection in February 2016, alleging breach of contract for failing to deliver a 2015 Ferrari 458 Speciale Aperta he had agreed to purchase. The car was allegedly being held hostage because of the fight between CMC Groups Colombo and Shojaee over their canceled joint venture to develop the Collection Residences, a proposed condo project in Coral Gables located across the street from the dealership. His early childhood was spent in Iran. 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. Your email address will not be published. After two or three years of working independently, she joined Shoma in the sales division, working under a different boss, she said. Maria Shojaee is the first wife of Masoud Shojaee, who helped him to build the Shoma Empire. Amid strikes and brewing unrest, Shojaee left home in August 1978 to study electrical engineering at the University of Miami. We live such a great life. 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. Quite often, people use short versions of their name (i.e. Hes never been healthier. She is an executive in the real estate industry and is currently the president of Shoma Group. My husbands never been happier. Built in 2003, it spans 12,492 square feet, and sits on a 1.62-acre lot. Masoud Shojaee is a famed Iranian American businessman and served as the CEO of the Shoma Group. Shoma Group is located in Coral Gables, Florida, United States . I dont think he is all about flash. He has made over 100 K fan followers. Masoud Shojaee has two daughters from his previous marital affair with Maria Lamas. The five-time All-Pro missed almost all of last season with a torn ACL but will be more than a year-and-a-half beyond the injury when training camp begins this summer. So in 1988, at 27, he started Shoma Development with 10 employees. She frequently documents her lavish lifestyle with her spouse, co-founder of Shoma Group, and their dog, Pebbles. On 30 January 2017, Dejagah signed with his former team VfL Wolfsburg on a six-month deal. When he renovated an office building in the Waterford office park, he used a helipad to board one of his two helicopters, in which he flies over and observes his projects across South Florida every day. Who is Maria Shojaee? Besides, he has not disclosed much details about his wife, and married life. The couple, identified as Masoud an Shojaee discussed her start in real estate, helping to sell her fathers real estate after college, and sexism shes faced in the industry. But Masoud Shojaee was once that kid. http://cre-sources.com/wp-content/uploads/2020/12/LOGO-CRESOURCES-SOUTH-FLORIDA-W-TAG-e1380589286855.png, Shoma Group Builds Rooftop Lounge At Companys HQ Without Permits, Authorization Faces Foreclosure. In April Maria Shojaee filed avia. Tehran, Iran He first started creating single-family homes that turned into neighborhoods of single-family homes. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. The Moroccan style home hits the market amid his messy divorce from wife Maria Lamas Shojaee, according to a recent article from The Real Deal. Sep 3, 2021 Maria Lamas, formerly Maria Shojaee, has filed a foreclosure lawsuit over the Coral Gables office building that houses Shoma Group, a development firm that she co-founded with her. Mehdi Bolour faces 25 criminal charges over illegally rented Hollywood building, Trusts benefitting Masoud Shojaees daughters sue to access his companys financial records, eXp named in explosive sexual assault lawsuit, William Lauder lists Palm Beach properties for record $200M, Time to shred: Dealmakers hit the slopes this ski season, Commercial real estate continues to get pummeled. Masoud Shojaei's Personal Life. 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. Hes never been making more money than he was before he met me. Save my name, email, and website in this browser for the next time I comment. If this link does not work for you, you can also use FB directory https://www.facebook.com/directory/people/. Masoud is also extremely active and could be found on Instagram too. Shojaees ability to adapt to the changing conditions of the market is among the keys to his success. In fact, Brad has been leaning on her during his divorce from Angelina Jolie. Supplied with seed money from his father, who was a developer in their native Iran, Shojaee began his career in building well before he turned 30. Sticker shock: Ranking South Floridas priciest residential rentals, Here are Chicago's top 10 construction permits issued in May. But shes shared little about the backlash they faced from Masouds adult daughters and ex-wife, as well as his friends or how she met Masoud and rose the ranks at Coral Gables-based Shoma Group to be promoted last year to president until now. His daughters' names are Anelise and . Breaking News. He is currently married to Melisa Roodbari since 2010. And I feel like its what keeps me going.. The group is a real estate development company which is based in Miami. Quick Facts Masoud will celebrate 63rd birthday on August 3. Your email address will not be published. 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. Real Estate Developer. We live such a great life. The same person can appear under different names in public records. But now, Mrs. Shojaee is on the receiving end of a defamation lawsuit filed by the former Mrs. Shojaee. Masoud parents and siblings details are unknown as of now. That partner was Masoud Shojaee's first wife, Maria Lamasthe daughter of Aljoma Lumber founder Jose Lamas. The population of the US is 329,484,123 people (estimated 2020). SHOMA GROUP real estate. car auctions brisbane airport. Developer Masoud Shojaees Moroccan style estate in Coral Gables is on the market for $15.9 million amid his messy divorce. Masoud Shojaee Wife, What about his Relationship? Maria also answers to Maria Lamas De Shojaee, Marie L Shojace, Shojaee Maria Lamas, Maria Lamas and Maria Deshojaee, and perhaps a couple of other names. SCANDALIZED: Stephen Bear and Georgia Harrison Video Went Goes Viral on Internet, Heather Dubrows youngest child comes out as transgender, Muslim-Muslim presidency not Gods will for Nigeria Okowa, Sky News Host Brought To Tears Laughing At Video Compilation Of Biden Blunders, UPDATED: YIAGA Africa Contradicts INEC, Says Peter Obi Won Rivers State Presidential Election With 50.8 Percent Votes, Others, Pundit claims there is no way PL boss is answer to Chelsea problems under Potter, Watch Buster is next, Alex Murdaugh greeted with chants as hes sentenced in the murders of his wife and son, video goes viral, Mahmood meets INEC RECs, promises use of BVAS in governorship elections, Explainer: How to interpret CBNs bank tenure limit for executive and non-executive directors, Only a sibling would do this: Alex Murdaugh brother testimony goes viral as spotlight of trial. 3.01.00vd4930. Masoud parents and siblings details are unknown as of now. Which is the best 150 Ah inverter battery? They became more bonded as they both were active in making the Shoma company reach the heights of success. But shes shared little about the backlash they faced from Masouds adult daughters and ex-wife, as well as his friends or how she met Masoud and rose the ranks at Coral Gables-based Shoma Group to be promoted last year to president until now. 515 Casuarina Concourse and Masoud Shojaee. He lived on month day1990, at address. The 57-year-old founders joie de vivre is as notable as the scale of his firms productivity. All rights reserved. Stephanie Shojaee said Masoud "gave each one of them like a $4 million home paid in cash. SHOMA GROUP real estate. Masoud married his first wife Maria in the year 1984 before divorcing in 2015. I dont know if Im really willing to share it.. Required fields are marked *. Both Shojaee and Colombo declined to comment on the legal wranglings. CHANNEL 10 Anchor Jacey Birch Files For Divorce From Ex-Weatherman Trent Aric After Ugly Nichole Walters Talked About Divorce, Text Messages Show. We saw more of a trend that [buyers] are willing to pay more money and want a different product, so we changed to that, he said. Who is the richest real estate developer? He has also established The Shoma Group in 1988, armed with the aim that his father had given him and his business skills. She was hesitant at first, citing the 25-year age gap between the two of them, but after a year went by they ran into each other again at the same game, and she agreed to go on a date. Are Monique and Derek From Love After Lockup Still Together? The former couple founded Shoma in 1988 and lasted almost 30 years together. At the top, Orange County, California-based Donald Bren remains the wealthiest real estate billionaire in the country with an estimated $16.2 billion net worth, nearly $1 billion higher than last year. His early childhood was spent in Iran. Masoud Shojaee has risen to the top of the management hierarchy as the CEO of the Shoma Group. She was hesitant at first, citing the 25-year age gap between the two of them, but after a year went by they ran into each other again at the same game, and she agreed to go on a date. 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. And as conditions have shifted toward the end of this cycle, Shojaee, too, is changing tack by shifting to multifamily projects. If you continue to use this site we will assume that you are happy with it. The former couple founded Shoma in 1988 and lasted almost 30 years together. It would be easy to think that Masoud Shojaee achieved his place at the pinnacle of South Florida real estate development on his ownbut he had a partner on his way to the top. The couple is blessed with two daughters named Alia and Alicia Dejah. EXCLUSIVE Palm Beach Post Society Editor Lizzi Bickford Sned Files For Divorce Hubby How Did Jojo's Dad, Antonio Zarur, Make All His Money? As of 2023, Masoud Shojaees net worth is expected to be 3 billion dollars ($3 Billion). Masoud Shojaee is the CEO and president of the Shoma Group, a construction company in South Florida. Shojaee called being underestimated by others her superpower., I feel like till this day, Im still underestimated, she said. Lamas and her children, through trusts and other entities, sued the Shoma Group developer over the years. Masoud Shojaee is best known as the CEO of Shoma Group. Also Read: Skye Morales Age, Real Name, Boyfriend, Net worth, Wiki, Bio. But I feel like they never gave me the chance whatsoever.. Masoud is also extremely active and could be found on Instagram too. Make sure to check Miami-Dade county records. Masoud Shojaee's wife Shojaee is married to Stephanie Shojaee, formerly Stephanie Mejia. They divorced in 2018. Shoma is also finishing developing the homes at Oasis at Park Square at CityPlace. But, Amanda Daulton's lawsuit also points out that both the ex-wife and the MLB plan administrators may be relying on a Family Law court Masoud Shojaee's Moroccan style estate listed at $15.9M amid messy divorce. Masoud Shojaee is a famed Iranian American businessman and served as the CEO of the Shoma Group. Masoud Shojaee and his wife Maria, both 46 years old, incorporated Shoma Development Corporation in 1988. That reduces costs, provides more control, and allows the company to establish relationships with buyers, he said. You receive a lot of money when you are 18 years old, that is a recipe for disaster: You are not competent to do much .He took off and was terrifically successful. Last updated on March 05, 2022 at 2:57 AM (PST). An agreed order was filed later last year. She lived on month day1992, at address. maine coon kittens for sale adelaide. [Im] not saying that I am the reason for that solely. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. I hope I am healthy enough. Maria Lamas, Masoud's ex-wife, filed the lawsuit in response to an interview that . Do I really want to add one more human that my husband is going to be so crazy about that its just gonna take away my attention? Netflixs Sex/Life Season 2 Is Wallis Day Pregnant in Real Life? The Moroccan style home hits the market amid his messy divorce from wife Maria Lamas Shojaee, according to a recent article from The Real Deal. The former couple founded Shoma in 1988 and lasted almost 30 years together. I had my own way of envisioning [a project] and marketing that I was not able to do when I was doing the partnership, Shojaee said. Masoud Shojaee Net Worth Not much information is available about the marriage of Masoud and Stephanie Mejia. May 24, 2021 who is masoud shojaee wifest cloud psychological services. The making of Masoud Shojaees empire Owner @mrmasoudshojaee founded Shoma in 1988, an award-winning real estate development company specializing in residential & commercial projects. HUD has the following fair market rent values (mar 2022): ClustrMaps.com aggregates public records to analyze the US cities, their social demography, and business environment. Your email address will not be published. He recently sold two Challengers and currently owns a Challenger 604 for his corporate use. Masoud Shojaee has two daughters from his previous marital affair with Maria Lamas. If you continue to use this site we will assume that you are happy with it. Supplied with seed money from his father, who was a developer in their native Iran, Shojaee began his career in building well before he turned 30. . I am generally conservative, but I am a risk taker with a very calculated risk, he said. Is it ever going to get better, where people dont assume that [I] slept [my] way to the top? she said, noting that she has been working in real estate for almost 20 years. Abreu had partnered with the Somoza family of Nicaragua to develop hundreds of lots at Sunset Harbour, at Sunset Drive and 127th Avenue, and was ready to cash out. Your email address will not be published. masoud shojaee wife maria INTRO OFFER!!! We cannot guarantee the accuracy, correctness and/or timeliness of the data. He couldnt return to Iran. Meet His Parents Andrew McCarthy & Carol Schneider- Age Difference, The Images of Atlanta and Station Eleven: Inside the Worlds of Hiro Murai, Nitanshi Goel Height, Weight, Net Worth, Age, Birthday, Wikipedia, Who, Nationality, Biography | Read. A house developer typically receives $16 in gross profit, according to the National Association of Home Builders (NAHB). She frequently documents her lavish lifestyle with her spouse, co-founder of Shoma Group, and their dog, Pebbles. We get a reputation in South Florida for being flashy. Is it ever going to stop? Masoud Shojaee has risen to the top of the management hierarchy as the CEO of the Shoma Group. Sardar Azmoun Sardar Azmoun Bayer 04 F (CRL), Mehdi Taremi Mehdi Taremi Porto F (CL), AM (C), Alireza Jahanbakhsh Alireza Jahanbakhsh Feyenoord AM (RL), M (R). In 2008, amid the downturn, he sold all the inventory for more than $150 million, he said. He has also established The Shoma Group in 1988, armed with the aim that his father had given him and his business skills. He first started creating single-family homes that turned into neighborhoods of single-family homes. Founding Shoma After finishing his degree and then receiving his M.S.E.E in Electrical Engineering in 1985, he decided to start a venture in real estate and the concept of Shoma was born.

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