Based in Salem, Oregon, Paul Kerley is a longtime presence in the real estate investment sphere and directs companies such as Commercial Property Resources, Inc. One noteworthy acquisition Paul Kerley and his Salem, Oregon, team made was of the 25-space Highway Avenue Trailer Park.
The purchase from Investors Management Group NW of the property in at 1865 Highway Ave NE added to a commercial property resources portfolio that already includes the adjacent Whitman Park Apartments. The transaction was described as fitting well with Mr. Kerley’s investment strategy of buying and repairing properties with structural and other issues across the Willamette Valley. By turning around properties that are troubled and under-performing, he provides safe, desirable location for tenants to rent and call home.
Another local acquisition was of an apartment complex at 1575-1593 Broadway NE that has 10 one-bedroom, one-bath units. This two-story structure is located in convenient proximity to the city’s downtown area. The transaction was completed through Kerley Five Properties, LLC.
