Cascadia Investments, Inc. Acquires Another Property for Its Portfolio
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TACOMA, WA, May 19 (MARKET WIRE) --
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
Copyright 2009, Market Wire, All rights reserved.
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