Monday, February 22, 2016

Paul Kerley Acquires Grand Ronde Rental Properties

Oregon-based Paul Kerley has over 30 years of experience in the real estate business and has owned and managed Commercial Property Resources, Inc. since 1983. The company owns and manages about 1,000 residential rental properties in the Salem area and frequently expands its holdings. Recently, Mr. Kerley’s solely owned limited liability company Grand Ronde Village, LLC, purchased more than 40 residential rentals in Grand Ronde, Oregon.

Grand Ronde is a census-designated place in western Oregon. It had a population of 1,661 in the 2010 census, and rentals accounted for 42.9 percent of its occupied housing. Grand Ronde also hosts the state’s largest casino and top tourist attraction, Spirit Mountain Casino. The Bunn Family Limited Partnership formerly owned the units purchased by Grand Ronde Village. Most of the units possess fenced yards as well as garages or storage sheds and are equipped with washer/dryer hookups. The properties are located at 8625 Grand Ronde Road.