Cascadia Investments, Inc. announced today that the company, as stated in previous releases, is currently in the process of strategically positioning the company to take advantage of the impending market bottom and the resulting opportunities. Several targeted acquisitions are currently being assessed and Cascadia is positioning itself to reap the benefits by increasing assets at advantageous prices.
This year, foreclosure rates are up 82.6% year-to-date compared with the same time a year ago. Foreclosures remain on track to surpass 1 million by the end of the year. Pre-foreclosures, which include notices of default and/or foreclosure auction prior to actual foreclosure, are expected to end up at a record 2 million according to Foreclosures.com reports.
“We are currently anticipating, due to current market conditions, the increase of our investment portfolio by more than double within the next year,” stated Nazir Maherali, CEO and President of Cascadia Investments, Inc. “It is a top priority of management to meet our fiduciary obligation to shareholders by continuing to increase shareholder value. The market cap of the company is currently less than 25% of the total revenue generating assets of more than $2,500,000.”
Mr. Maherali continued, “We will strive to update shareholders in a timely fashion as we select individual properties that we feel will offer larger returns on investment, or R.O.I. As we close on these properties will keep the public abreast of the added asset value to our portfolio. The primary method of communication will be through consistent press releases and also through our website at www.cascadiainvestmentsinc.com. Watch for updates on the website, including the creation of a new CEO Corner.”