Jun 23, 2012
By Molly Walker
Of the News-Register
Gorilla Capital, an Oregon company whose mission is to acquire distressed properties and rehab them for re-sale, has added Yamhill County to the area it monitors. In the process, it has successfully completed its first two local projects.
Ally Leavitt, marketing and communications coordinator for the Eugene-based company, said it focuses on homes that have come into bank ownership through foreclosure or are on that path. She said it acquires them and renovates them for re-sale at a profit.
Leavitt said Gorilla brought Yamhill County under the purview of its Salem office early last year. She said it had acquired a home in Newberg in May and one in McMinnville in December, and quickly turned both around.
“I’d anticipate we will buy a few a year,” she said.
The company was founded around a kitchen table in late 2005. After operating out of a pickup for six months, it moved into an office in Eugene in June 2006.
It has since grown to the point where it is monitoring distressed properties in portions of Oregon, Washington, Idaho, Utah, Colorado, California, Arizona and Florida.
In 2011, Gorilla Capital ranked 127th on Oregon Business magazine’s Private 150, a list of the largest privately owned companies in the state. In March, it purchased its 1,000th property – a condominium in Hillsboro.
The main office is located at 1390 High St. in Eugene. The phone is 541-344-7867.