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Non-Tech : Investing in Real Estate - Creative Opportunities

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Jurgis Bekepuris

To: John Vosilla who wrote (2542)	5/28/2016 4:48:30 PM
From: peter michaelson	1 Recommendation Read Replies (3) of 2722

One can always do better, of course. Still you proceeded with confidence and I'm sure did very well. My projects have also done better than expected, so far. The trough here in 2009/2010 was deep, but turned out to be short-lived. I bought a 35,000 sf commercial property in 2010 and it has turned out to be a great project financially, but also it helped spark a neighborhood revival. Since then I've also upgraded the North Pacific Building, putting in more than its original purchase price in a quest for higher rents. This seemed riskier, but with such a strong rental market it has worked also. Now everything seems way to expensive to buy. I am locked into a mentality built from past experience (which did not include 3% mortgages), and am paralyzed - other than continuing to operate past investments. Rents have been stronger and vacancy lower than anyone imagined five years ago. Pretty miraculous - I think I have the Fed to thank. Two properties can be viewed at this link. The 2010 investment is the Film Exchange. pdxoffice.com

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