Cascadia Investments, Inc. Acquires Another Property for Its Portfolio
May 19 2009 - 9:01AM
Marketwired
As part of its ongoing strategy to build a portfolio of rental
properties in the Pacific Northwest, Cascadia Investments, Inc.
(PINKSHEETS: CDIV) announces the acquisition of a two bedroom, one
bath home in Tacoma, WA. This property is located at 2902 south 15
in Tacoma. The property also has the potential to be rezoned to add
another dwelling. The purchase price was $71,000. The property is
currently rented for $595. The acquisition is expected to be
finalized within the next thirty days.
This acquisition puts us at $3,000,000 worth of properties,
which we have acquired to date.
Mr. Maherali, President and Chief Executive Officer, stated, "We
will continue adding assets like this one to our rental portfolio.
The multi-family sector in the Tacoma area continues to be stable
as vacancy rates have tightened and demand is still strong."
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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