The Montana State University Economics Program

Real estate broker Paul Kerley has worked in rental real estate since the early 1980s in the area of Salem, Oregon. Before moving to Oregon to work for a law degree at Willamette Law School, Paul Kerley earned a degree in economics at Montana State University.

Offered through the College of Letters and Sciences. the economics program at Montana State exposes students to behavioral economics, public policy, and economic development. By the time they have finished the program, students have a greater understanding of the world from an economic perspective.

Montana State University’s reputation for being Montana’s best program is backed by its selection as a top school by the Forbes organization and by having an excellent reputation with national and international companies and graduate programs around the United States. At Montana State, students are taught by accomplished, highly regarded experts. Moreover, the university’s economics program offers students a comprehensive education in labs, on teaching farms, and in the surrounding Montana wilderness. 

Kerley River Road Acquires Multiple Keizer Properties

An experienced leader in the Salem, Oregon real estate market, Paul Kerley has owned and served as president of Commercial Property Resources, Inc., since 1983. During this time Paul Kerley has established a real estate portfolio consisting of 1,800 residential units in and around Salem, Oregon.

In 2020, Mr. Kerley made a pair of residential property acquisitions in Keizer. Operating through the Kerley River Road, LLC, single entity and represented by principal broker Gabe Johansen of SMI Commercial Real Estate, LLC, Kerley River Road acquired both River Road Apartments, located at 4133-4143 River Road North, and River Crest Apartments, at 127-177 Sunset Avenue North. The acquisitions yield a combined 17 new residential units for the buyer in the Keizer area, including a mix of one bedroom, one bath units and two bedroom, one bath properties. The River Road location also features a 1,700-square-foot office building.

Tyce Nelson of Nelson Commercial Real Estate, LLC, represented the seller in both transactions, which were completed for $1.05 million in cash. 

Two-Bedroom Units at River Road Apartments in Keizer

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River Road Apartments in Keizer - Two-Bedroom Units

An accomplished real estate executive in Salem, Oregon, Paul Kerley has served as the president and owner of Commercial Property Resources, Inc., since 1983. His investments include single-family homes and multi-family apartment buildings, as well as condominiums, duplexes, and other commercial properties. Paul Kerley led the company in the recent acquisition of River Road Apartments in the Salem, Oregon, suburb of Keizer.

Located in a prime location at 4133 to 4143 River Road in North Keizer, the apartment complex includes six two-bedroom/one-bathroom units, each of which comes with a tenant parking place. Common amenities include an on-site laundry facility, and the owner pays all water, sewage, and garbage utility expenses. The complex’s location offers easy access to nearby shops and restaurants, and it receives a walk score of 74 on apartments.com, which rates it “very good” in terms of accessibility to transit and local points of interest.

Along with the two-bedroom units, the property includes a 1,700-square-foot, stand-alone commercial office building.

19 Units at Salem’s Carleton Way Apartment Complex

A real estate development professional with more than three decades of experience, Paul Kerley of Salem, Oregon, currently heads Commercial Property Resources, Inc., as president. In recent years, Paul Kerley has guided the firm in the acquisition of properties such as the Carleton Way Apartment Complex in Salem, Oregon.

Located in the attractive neighborhood of Northgate, one of the city’s larger districts and a hub for transportation and commerce, the Carleton Way apartment complex comprises 19 units, all of which are one bedroom/one bathroom. In 2018, the complex was completely renovated, making each unit practically new. Each unit contains stainless steel kitchen appliances, a range, microwave, refrigerator, and dishwasher, and an outdoor deck. The complex is a short drive from popular Salem attractions such as the Chemeketa Community College Planetarium and the A.C. Gilbert’s Discovery Village.

Financed through Hunt Mortgage, the sale price was $2.6 million, and Gabe Johansen served as principal broker for both parties.

River Crest Apartments – Close to All the Benefits of Salem, Oregon

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Kerley Properties Remodels Carleton Way Apartments in Salem

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The Kenneth A. Holmes Office Building

Paul Kerley has served as president of Salem-based Commercial Property Resources, Inc., for over 20 years. He manages over 1,800 residential units throughout Oregon, with more than 100 employees. A former real estate attorney, Paul Kerley leverages his experience in commercial real estate in managing his extensive asset portfolio. Recently, he purchased the Kenneth A. Holmes Office Building.

Located in the business district of Central Salem, the Kenneth A. Holmes Office Building is a 45,000-square-feet, multi-tenant, Class B property. This building was constructed in 1964 and initially served as office space for Key Title Company before becoming the property of Kerley Properties, LLC, changing ownership for the first time in over 30 years. While occupying the property, Key Title Company was the largest family-owned title company in Oregon.

The Kenneth A. Holmes office building features 22,000 square feet of office space and 182 available parking spaces. The property sold for $3 million, and SMI Commercial Real Estate, LLC, and principal broker, Gabe Johansen, represented Kerley Properties, LLC, during the transaction. Terry Frohnmayer represented the seller.

River Road, River Creek Apartments Put Residents Close to Salem Jobs

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Acquisition of Marion Apartments and Fir Villa Court in Salem, Oregon

Based in Salem, Oregon, Paul Kerley has more than 40 years of experience leading Commercial Property Resources, Inc., where he manages a portfolio of 1,500 residential units across Oregon. Through his LLC, Guyker Properties, Paul Kerley recently acquired Marion Apartments and Fir Villa Court.

According to a pre-purchase appraisal, Marion Apartments is a two-story garden apartment building with a basement. With units that average 452 square feet, the building covers 7,502 square feet. Enhancements, which have been subject to periodic updates over the years, were introduced in the 1920s.

A multifamily garden apartment property encompassing 16 units, Fir Villa Court has net rentable space of nearly 13,000 square feet on a 1.5-acre site. The units, which include a three-bedroom apartment among predominantly one- and two-bedroom apartments, average 801 square feet. Improvements were undertaken in the early 1960s.

Located at 610 Commercial St. NE and 4851-4881 Blossom Ct. NE, the complexes were remodeled in 2017.

Multi-Tenant Property in Salem, Oregon, Acquired by Paul Kerley

Based in Salem, Oregon, Paul Kerley is a longtime real estate entrepreneur who oversees an extensive portfolio of rental properties and seeks out value-added investment opportunities. In September 2019, Paul Kerley guided the purchase of an industrial property in Salem, Oregon, at 572 and 576 Patterson Street Northwest.

Undertaken through Kerley Commercial, LLC, a solely owned corporation, the acquisition was of a pair of buildings situated on just over four acres of land. Totaling 63,305 square feet, the property encompasses two buildings. Both have an Industrial General (IG) zoning classification, with one built in 1945 and one constructed in 2008. In 2017, part of the property underwent redevelopment as a multi-tenant, industrial flex space.

At the time of the transaction, this part of the property had a full slate of tenants, including Northstar Martial Arts, Little Lois Cafe, Capitol City Sports, Xicha Brewing, and Evening Land Winery. The buyer in the $6 million transaction was represented by SMI Commercial Real Estate, LLC, while the seller had Legacy Real Estate as its principal broker.

River Road Apartments – A Small Complex Offers Two-Bedrooms Near Salem

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The Three Basic Classes of Real Estate

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Salem’s River Road Apartments

As the owner and president of Commercial Property Resources in Salem, Oregon, Paul Kerley has been in the business of acquiring and developing commercial and multi-family residential real estate properties for nearly four decades. In February of 2020, Paul Kerley of Salem, Oregon spearheaded the acquisition of River Road Apartments.

The River Road Apartments is located at 4133-4143 River Road North, placing the building close to several restaurants, retail stores, and other essential establishments. It also offers ample tenant parking through its on-site paved surface lot.

The principal River Road Apartments structure was built in 1967. A single-story building, it consists of six apartment units. Each of these units features two bedrooms and one bathroom. The average area of a River Road Apartment unit is 670 square feet.

Beyond the main 6-unit River Road Apartments complex, the property contains one stand-alone, leased commercial office building, This single-story structure stretches over 1,700 square feet.

Paul Kerley Guides Roseburg, Oregon Apartment Property Purchase

Paul Kerley is a Salem, Oregon entrepreneur who has led Commercial Property Resources, Inc., for more than three decades. Guiding Commercial Property Resources, Paul Kerley has pursued numerous acquisitions and currently owns and manages approximately 1,500 units spanning Salem and the state of Oregon.

One property recently acquired in Roseburg was of Vista Homes and Terrace Apartments, with the former located at 1100 NE Freemont Avenue and the latter at 600 NE Polk Street. With the properties presented by the broker Marcus & Millichap, they encompass 24 one bedroom units, 26 two bedroom units, and 6 three bedroom units.

The total lot size of the adjacent properties is 1.91 acres, with the site having been originally developed in 1947. Units feature all-electric kitchen appliances, and share common lawn areas. The property is convenient to historic downtown Roseburg and its various shopping options and public library.

The acquisition followed two by Mr. Kerley in early 2020, River Road Apartments and River Crest Apartments, in the city of Keizer.

River Roads Apartments Under New Ownership

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Paul Kerley Leads Acquisition of Apartments in Roseburg, Oregon

An established presence in the Salem, Oregon real estate sphere, Paul Kerley guides Commercial Property Resources, Inc., and owns approximately 1,500 residential units statewide. Through the firm One Ten Holdings, LLC, Paul Kerley and his Salem team recently completed the purchase of an apartment complex in Roseburg, Oregon.

Freemont & Winchester Apartments encompass 56 total units. Of these, 24 are one bedroom, one bath units, 26 have two bedrooms and one bath, and the rest are three bedroom, one bath units. The location is 610-635 NE Winchester Street and 1104-66 NE Freemont Avenue, within the city of Roseburg. With the purchase price totaling just over $3 million, the property had seller-provided financing that enabled an expedited transaction process.

Other acquisitions made in early 2020 through Kerley River Road, LLC, include River Crest Apartments and River Road Apartments. The former has 11 units and the latter six units. Both apartment complexes are located in the municipality of Keizer, with the purchase price for each just over $1 million cash.

Maple Courts Apartments – Real Estate Property in Salem

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Capitol St NE Apartments – Real Estate Property In Oregon

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Paul Kerley Buys River Road Apartments

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TOBA Owners Concierge Addressing the Needs of Thoroughbred Owners

An experienced Kentucky business executive and entrepreneur, Nelson Clemmens owns AmWest Entertainment, LLC, a thoroughbred racing technology company, and AmWager, an online wagering platform. For more than a decade, he has focused on incorporating the use of technology in thoroughbred racing to improve the integrity and operating standards of the sport. Additionally, Nelson Clemmens is an active member of the horse breeding and racing industry and belongs to numerous associations and organizations, such as the Thoroughbred Owners and Breeders Association.

The Thoroughbred Owners and Breeders Association (TOBA) is a nationwide industry organization that was established to bring together and represent the interests of thoroughbred owners and breeders. Based in Lexington, Kentucky, TOBA helps to improve the integrity and the experience of the participants in thoroughbred racing. TOBA Owners Concierge is an owner-based program that seeks to encourage excellence and to promote growth in the horse racing industry. They achieve this by ensuring owners have access to timely information and local resources, while benefiting from exceptional customer service.

TOBA Owners Concierge strives to meet the diverse needs of thoroughbred owners to ensure that they have an exciting track and off-track experience. Acting as liaison between the horse owner and the racetrack, the concierge is also tasked with the responsibility of promoting relations within the large horse racing community.

River Crest Apartments Get a New Owner

Paul Kerley is a leading real estate investor in Oregon. Since 1983, he has serviced as owner and president of Commercial Property Resources, Inc., in Salem. Paul Kerley also does business through his single entity Kerley River Road, LLC.

Recently, Mr. Kerley purchased the River Crest Apartments through Kerley River Road, LLC. The property consists of multiple units from 127 to 177 Sunset Avenue North in Keizer, Oregon, encompassing nine units with one bedroom and one bath and two units with two bedrooms and one bathroom. The complex cost $1,050,000, paid for in cash.

Located in central Keizer convenient to multiple dining options, the property is near the Keizer Rapids on the Willamette River. Sunset Park and Willamette Manor Park are in the vicinity.

Gabe Johansen of SMI Commercial Real Estate, LLC, represented Mr. Kerley in this transaction. Tyce Nelson, the principal broker of Nelson Commercial Real Estate, LLC, represented the sellers.

Recent Kerley River Road Acquisitions in Keizer

The owner and president of Commercial Property Resources, Inc., Paul Kerley has spent nearly four decades as a real estate professional operating throughout the Salem, Oregon, region. His portfolio is comprised of approximately 1,500 residential units. Through his single entity Kerley River Road, LLC, Paul Kerley recently acquired multiple properties in Keizer, Oregon, just north of Salem.

Keizer’s River Crest Apartments complex, located at 127-177 Sunset Avenue North, consists of 11 units that range from one-bedroom, one-bath arrangements to two-bedroom, one-bath options. Kerley River Road was represented by Gabe Johnson of SMI Commercial Real Estate, LLC, throughout the transaction, which was valued at $1.5 million.

Mr. Johnson of SMI served as principal broker for another recent transaction, a $1.05 million acquisition of River Road Apartments. The six-unit complex is made up of all two-bedroom, one-bath, multi-family units. The property, located at 4133-4143 River Road North in Keizer, also includes a 1,700-square-foot commercial office building on site.