Based in Salem, Oregon, Paul Kerley is an experienced real estate professional involved in the acquisition, financing, and development of real estate properties. As the owner and president of Commercial Property Resources in Salem, Oregon, Paul Kerley directs a range of development and management initiatives with a primary emphasis on Class B and Class C real estate assets.
Real estate professionals have developed three general classifications of real estate to facilitate quick and easy conversations about the overall quality of a specific piece of property. For investors and lenders, each classification represents a different level of assumed risk and the potential return on investment.
To qualify for the Class A classification, real estate must be of the very highest quality within its specific market and geographic region. Class A properties are generally less than 15 years in age and outfitted with the latest in state-of-the-art amenities.
Class B real estate is typically slightly older and of less overall quality than Class A real estate. Although they may come saddled with some postponed maintenance problems, they are generally well maintained.
Generally over 20 years old or centered in economically disadvantaged neighborhoods, Class C real estate can serve as value-added investment opportunities for investors willing to make renovations. These properties also provide homes for tenants with relatively low incomes.
via WordPress https://ift.tt/3fknpHy