Carla Properties, Ltd.

Carla Properties, Ltd.

A Brief History

Bernard Carr began acquisition and management of commercial real estate investments in the greater Portland, Oregon area in 1958, with the purchase of a 50,000 sq. ft. industrial building which today is still leased to the original tenant, Graybar Electric.  From that first acquisition in 1958, until 1975, Bernard Carr and Lore C. Labby acquired over 800 multifamily units, and several suburban office and retail buildings.  Carla Properties, Ltd., an Oregon corporation, was organized on September 22, 1975.

Since 1975, Carla Properties has increased its portfolio to its present level of over $140 million in assets under management.  These assets now include over 2,000 multi-family housing units, 35,000 sq. ft. of suburban office space, three restaurant locations, and 170,000 sq. ft. of industrial warehouse space.  These properties are located in the greater Portland Area, with one site in the state of Washington.

Carla Properties organized and currently directs the operations of 21 real estate Limited Liability Companies (LLC’s).  Over 180 investors participate in these ventures. Most of these investors have continued to invest funds with Carla Properties over a forty year period and many continue to invest on behalf of their children and grandchildren.   

The shareholders and officers of Carla Properties, Ltd. are: Bernard Carr, Chairman; Paul H. Labby, President; and Lore C. Labby, Senior Vice-President.