Rental Rates Increase, Vacancy Rates Decrease
Cascadia Investments, Inc. (PINKSHEETS: CDIN) is pleased to announce that its current portfolio of eleven rental properties is operating at full occupancy with an average of one or two days between vacancies due to a waiting list of prospective tenants. This is occurring even during the traditionally high-vacancy winter months.
The current turmoil in the real estate markets is creating a huge demand for rental accommodations as many people are forced to downsize. This condition is putting an upward pressure on rental rates as demand increases and availability decreases -- a trend that should continue into the foreseeable future.
As a result, the company plans to review each of its properties over the next few weeks and implement rent increases of five to ten percent where appropriate, which will result in a positive impact on its earnings over the next couple of quarters. This will translate into increased revenue and a higher rate of return on its holdings.
About Cascadia Investments, Inc.
Cascadia Investments, Inc. (PINKSHEETS: CDIN) 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.
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.
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Cascadia Investments, Inc.
www.cascadiainvestmentsinc.com
Tel: 253-383-7194
Source: Marketwire (March 13, 2008 - 8:00 AM EDT)
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