Cascadia Investments, Inc. Issues the Following Update
March 23 2009 - 9:15AM
Marketwired
(PINKSHEETS: CDIV) Cascadia Investments, Inc. is pleased to
announce the purchase of the multi-family property announced in an
earlier news release. This related party transaction will close in
the next quarter.
The property has two 2-bedroom units and one 1-bedroom unit
which generate an annual rental income of approximately $24,000.
The agreed purchase price based on its current assessed value is
$210,800 and the terms and conditions will be forthcoming
shortly.
With loan determination tightening and owner-occupied houses on
the decline, Cascadia's portfolio maintains a 90% or better
occupancy rate on its properties.
At the same time, the Seattle/Tacoma market rents have increased
five percent within the last year, thus substantially increasing
the shareholder's value...
"By acquiring undervalued assets and maintaining high occupancy
rates, Cascadia Investments, Inc. expects to prosper in these tough
economic times," stated Mr. Maherali, president and CEO of the
company.
About Cascadia Investments, Inc.
Cascadia Investments, Inc. (PINKSHEETS: CDIV) is a publicly
traded, real estate development company operating in the Pacific
Northwest. The company's principal objective is to create equity
and long-term earnings growth through the acquisition and
development or renovation of undervalued and foreclosed real
estate.
Cascadia Investments, Inc. generates profits based revenues and
currently has no need for dilutive financing, and furthermore, will
continue to operate with an un-gagged transfer agent thereby
maintaining complete corporate transparency.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: Except for historical information, the
forward-looking matters discussed in this news release are subject
to certain risks and uncertainties which could cause the Company's
actual results and financial condition to differ materially from
those anticipated by the forward-looking statements including, but
not limited to, the Company's liquidity and the ability to obtain
financing, the timing of regulatory approvals, uncertainties
related to corporate partners or third-parties, product liability,
the dependence on third parties for manufacturing and marketing,
patent risk, copyright risk, competition, and the early stage of
products being marketed or under development, as well as other
risks indicated from time to time in the Company's filings with the
Securities and Exchange Commission. The Company assumes no
obligation to update or supplement forward-looking statements that
become untrue because of subsequent events.
Contact: Cascadia Investments, Inc. Tel: 253-383-7194
www.cascadiainvestmentsinc.com
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