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.