A Salem, Oregon-based real estate entrepreneur, Paul Kerley oversees Commercial Property Resources, Inc., and a number of affiliated companies. With more than three decades of relevant experience, Paul Kerley pursues projects that include the renovation, acquisition, and management of residential and commercial properties in Salem, Oregon, and beyond.
A noteworthy 2020 acquisition involved 500 acres in rural Powell Butte, Oregon, of which 60 percent are irrigated and set up for agricultural use. The property also includes a four-bedroom ranch home of 2,030 square feet and a pair of smaller dwellings. One of these smaller buildings is 1,006 square feet and has two bedrooms, while the other is 1,279 square feet and has three bedrooms.
Little Houston Lake lies at the center of the property, which offers expansive views of Smith Rock and Cascade Mountain. In addition to providing a ready source of water for farming and livestock, it is rich in aquatic and bird life and provides bird hunting and fishing activities. The “exclusive farm use” zoned property was sold for $2.3 million and enjoys farm tax deferral status.
