PRLog - April 28, 2014 - PORTLAND, Ore. -- Showing confidence in the Portland/Vancouver real estate market, Overlake Capital announced that it would be increasing its acquisitions in the region over the next several months through its real estate development fund. Paul Thacker, the fund's portfolio manager, said he expected the firm's total investments in the area to exceed $5M by the end of the year. "We're proud of our longtime ties to the Northwest," he said, "And we're thrilled to be a part of Portland's continued growth as a destination for living and business."
Thacker noted that Portland has consistently ranked in the top 20 real estate appreciation and population growth centers in each of the past several years, and that Zillow currently ranks Portland as one of the hottest real estate markets in the nation. Overlake is headquartered in Bellevue, WA, and the majority of its current holdings and investments are in real estate and private equity in the Seattle area.
More information about Overlake can be found at their website: http://www.overlakecapital.com
Current statistics on the Portland real estate market (courtesy of Zillow): http://www.zillow.com/
Official website for the city of Portland, OR: http://www.portlandoregon.gov