Paul Kerley, a respected leader in the Salem, Oregon real estate community, has worked in the real estate industry for more than three decades. Since 1983, he has managed and overseen Commercial Property Resources, Inc., a property management company in Salem, Oregon, now controls about 1800 residential units. Paul Kerley is the sole owner of Steak on the Hoof, and he made the executive decision to expand his business by acquiring a large cattle hay ranch on SW Houston Lake Road in Powell Butte, Oregon.
The acquisition involved a transaction of $2.5 million from Steak On The Hoof to the former owner, and Mary E. Doyle of Coldwell Banker represented both parties in Bend, Oregon.
The property is 109 acres wide. At the time of acquisition, 98 acres of the ranch were irrigated by a flood and a pivot. A salon and residential property sit on a portion of the land close to the outbuildings on the property.
