Stephanie Shojaee: From Real Estate President to ‘Real Housewives of Miami‘ Star

Stephanie shojaee, the president of Shoma Group, a prominent real estate development firm specializing in luxury properties, is making waves as the newest cast member on the Real Housewives of Miami (RHOM). Shojaee, who openly embraces her “new money” status, joined the Season 7 cast, which premiered in June 2024, and is already teasing viewers with her lavish lifestyle and insights into her professional life [[SOURCE]].

ShojaeeS Entrance into Reality TV

Before her debut on RHOM, Shojaee discussed her feelings about the “new money” label in an interview. she playfully flaunted her Chanel hair accessories, acknowledging her penchant for expensive attire.Shojaee admitted she “tends to be one of the ones who flaunts it the most,” distinguishing herself from others who may possess wealth but choose not to display it.

Did You Know? According to a 2023 report by Knight Frank, Miami ranks among the top 20 cities globally with the fastest-growing ultra-high-net-worth individual (UHNWI) populations, highlighting the city’s increasing concentration of wealth.

Real Estate mogul: Stephanie Shojaee’s Career at Shoma Group

In November 2024, Shojaee provided details about her career with The daily dish, shortly after her casting on RHOM was announced. As president of Shoma Group, she oversees the acquisition of land, construction of high-rise buildings (including those with up to 800 units), and the development of rental communities. she also manages leasing teams, making her role multifaceted and engaging [[SOURCE]].

Shojaee emphasized the underrepresentation of women in real estate development. Her responsibilities encompass a wide range of tasks, from initial land acquisition to the final stages of property management.

Working with Husband Masoud Shojaee

Masoud Shojaee, Stephanie’s husband, founded Shoma Group in 1988, approximately ten years before immigrating to the U.S. from Iran. Under his leadership, the company has developed over 12,000 properties and completed more than $6 billion in real estate transactions, primarily in South Florida.

Stephanie, who holds a marketing degree from Florida State University, joined Shoma Group in 2013.She served as vice president and chief marketing officer before her appointment as president in 2022, with Masoud remaining as CEO.

Pro Tip: When working with family, clearly define roles and responsibilities to avoid conflicts and ensure efficient operations.

Stephanie described her relationship with her husband as “beautiful,” noting that working together is not suitable for everyone.She also shared her love for the culinary scene, which she and Masoud enjoy when she is not immersed in her demanding work schedule.

The Allure of Miami real Estate

Miami’s real estate market has seen significant growth in recent years, driven by factors such as favorable tax policies, a desirable lifestyle, and an influx of residents from other states. This growth has fueled demand for luxury residential and commercial properties,the core focus of Shoma Group’s developments. The average price of a home in Miami-Dade County was $620,000 in May 2024, up 7.8% year-over-year, according to the Miami Association of Realtors [[SOURCE]].

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