Paul Kerley is a Salem, Oregon, entrepreneur who heads Commercial Property Resources, Inc., and several other real estate entities. Through Steak OnThe Hoof, his solely owned LLC, Paul Kerley acquired a 257-acre cattle and hay ranch in Powell Butte, Oregon, in early 2022.
More than half of the expansive property’s acreage is irrigated through a system that incorporates wheel lines, gated pipe, flood, and three pivots. With a purchase price of $2.37 million, the property encompasses a pair of residences, as well as various corrals and out-buildings. In addition, a 7,500-acre Ochoco Mountains summer allotment accommodates 185 cow calf pairs.
Situated on SW Houston Lake Road, the property is located near to the 500-acre Houston Lake Ranch, which was previously acquired by Steak OnThe Hoof, LLC, in a deal totaling $2.3 million. That working ranch property features three dwellings and is also extensively irrigated. Both properties represent a significant investment in an unincorporated part of Cook County.
