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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