Ten Bridges is a real estate investment and development firm specializing in acquiring and improving real estate assets in the Portland Urban Core

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Over

200

Portland properties improved since 1999

“With every Portland real estate asset we acquire, we hope to increase value and quality for not only the property itself, but also surrounding properties on that block and in that neighborhood.”

Demian Heald, CEO

Why portland?

Ten Bridges Founder Demian Heald is a 5th generation Portlander whose native roots and civic pride inspire him to revitalize neighborhoods in and around the city through investment and redevelopment.

The Portland metro market, and Oregon as a whole, benefit from strong favorable tailwinds due to the following factors:

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An exceptional outlook

Since 2008, the Portland MSA’s GDP has grown at a rate of 22.8%, which is the highest growth rate for any metropolitan area in the U.S.

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A cultural capital

Portland is known as the “brew, tech, shoe, and rec” capital of America, a city whose amenities and location consistently attract new residents.

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Strong residential Retail market

Year over Year housing prices for Portland rose 11.8% over the last year, well over the 5.7% national average (S&P Dow Jones).

Portland currently has the fastest rate of housing price growth of any major metropolitan area in the United States.

Major corporate activity

Oregon enjoys major corporate activity in the forms of headquarters and investment from such firms as:

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Our team truly understands the culture and dynamics that are important to this city. We care deeply about Portland's evolution and maintaining its personality through this period of significant economic growth.

Demian Heald

Sell Your Property

Sell Your Property

Ten Bridges is an acquirer of real estate assets in Portland, Oregon of all property types, shapes, and sizes. We specialize in single-family residences, but we also purchase and rehabilitate office, multifamily, and industrial properties.

We are particularly adept at navigating the intricacies of Oregon’s foreclosure laws, and we can often help foreclosed property owners to recoup value in their assets.

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Investors Overview

Investors Overview

Our intensive network within Portland’s real estate market – its brokers, its lenders, its developers, and its asset sellers – allows us to locate and transact on the very best investment opportunities.

Each acquisition is strategically structured to put our investors and debt and equity partners in the strongest possible position. We believe that if our endeavors add value to the city of Portland, they inherently become safer investments for all involved parties.

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Borrower Overview

Borrower Overview

Our team’s history as developers and property rehabilitators means that we understand the perspectives of real estate professionals firsthand.

Today, in addition to our practices of acquiring properties, we also extend construction and rehab loans to qualified Portland developers. Thanks to our familiarity with the city, we’re capable of analyzing a lending opportunity very quickly, and thanks to our capital base, we can fund loans in less than a week.

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Our Properties

Our Properties

Ten Bridges’ impact and influence is visible city wide. The company is as well known for its inspired moves behind the blueprint as it is for its financial industriousness. Just ask fellow Portland real estate professionals: from business, zoning and lending innovations to savvy space planning and architectural excellence, Ten Bridges delivers value as part of whatever we do.

Properties in FDIC Receivership

Portland, OR

After the failure of Silver Falls Bank, Ten Bridges was able to negotiate the purchase of the remaining debt on a number of properties that the FDIC held in receivership.

Properties in FDIC Receivership

Portland, OR

After the failure of Silver Falls Bank, Ten Bridges was able to negotiate the purchase of the remaining debt on a number of properties that the FDIC held in receivership.

PALO CEDRO, CA – UNTANGLING A KNOT OF MULTIPLE OWNERS

Palo Cedro, CA

Ten Bridges helped negotiate a solution which stabilized the property, the internal business relationships, and most importantly paid off the maturing loans.

PALO CEDRO, CA – UNTANGLING A KNOT OF MULTIPLE OWNERS

Palo Cedro, CA

Ten Bridges helped negotiate a solution which stabilized the property, the internal business relationships, and most importantly paid off the maturing loans.

THE VILLAGE AT YACHATS

Yachats, OR

Yachats, Oregon: “Gem of the Oregon Coast” where Ten Bridges is the principal on purchase, design, entitlement, and development of coastal mixed-use village consisting of 51 small (600 SF) sustainable homes and 15,000 SF of retail.

THE VILLAGE AT YACHATS

Yachats, OR

Yachats, Oregon: “Gem of the Oregon Coast” where Ten Bridges is the principal on purchase, design, entitlement, and development of coastal mixed-use village consisting of 51 small (600 SF) sustainable homes and 15,000 SF of retail.

Marianna Condominiums

Portland, OR

The style and size of the units made this 1918 downtown apartment building an ideal opportunity for a condo conversion.

Marianna Condominiums

Portland, OR

The style and size of the units made this 1918 downtown apartment building an ideal opportunity for a condo conversion.

THE VERMONT HOUSE

Portland, OR

This Portland landmark was spared demolition. It was transported from its original location and masterfully restored true to the original Queen Anne Victorian Style of the house.

THE VERMONT HOUSE

Portland, OR

This Portland landmark was spared demolition. It was transported from its original location and masterfully restored true to the original Queen Anne Victorian Style of the house.

COLONIAL OFFICE CAMPUS

Portland, OR

In 2012, Ten Bridges acquired five office buildings totaling 75,000 SF from Providence Medical Center.

COLONIAL OFFICE CAMPUS

Portland, OR

In 2012, Ten Bridges acquired five office buildings totaling 75,000 SF from Providence Medical Center.

EAST BURNSIDE

Portland, OR

In 2011, Ten Bridges entered into an option agreement to purchase a triplex on 4 separate tax lots.

EAST BURNSIDE

Portland, OR

In 2011, Ten Bridges entered into an option agreement to purchase a triplex on 4 separate tax lots.

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Properties in FDIC Receivership

Portland, OR

After the failure of Silver Falls Bank, Ten Bridges was able to negotiate the purchase of the remaining debt on a number of properties that the FDIC held in receivership. Demian Heald was the first individual in the United States to enlist the FDIC Department of the Ombudsman to assist with this type of negotiation.

PALO CEDRO, CA – UNTANGLING A KNOT OF MULTIPLE OWNERS

Palo Cedro, CA

A thirty-year-old neglected partnership owned this under-performing shopping center. The managing partner owed the business that ran the mini-mart and gas station portion. However, the physical facility itself and the remainder of the shopping center was owned by the partnership, which had seen no income for decades.  Ten Bridges was entrusted to untangle the old partnership structure. Multiple owners were involved, each with a separate LLC. The loans had matured, the income was insufficient, the partners disagreed, nobody wanted to guarantee a new loan or contribute more equity. The tax and legal consequences were substantial. The condition of the property also exposed the owners to additional liability. Ten Bridges helped negotiate a solution which stabilized the property, the internal business relationships, and most importantly paid off the maturing loans.

THE VILLAGE AT YACHATS

Yachats, OR

Yachats, Oregon: “Gem of the Oregon Coast” where Ten Bridges is the principal on purchase, design, entitlement, and development of coastal mixed-use village consisting of 51 small (600 SF) sustainable homes and 15,000 SF of retail. This Planned Unit Development included assembling a four-acre commercial ocean view parcel in downtown Yachats and dividing it into individual residential tax lots plus retail. After a year of working with the Oregon Department of Transportation, the planning commission, architects, engineers, the city council and the mayor, the project was approved and embraced by the community. Renewed designs are in the works so a phased approach can be applied to accommodate a revised mixed-use, live-work artisans’ village. Ten Bridges anticipates receiving LEED for Neighborhood status. The first home was built almost entirely out of reclaimed lumber from Eugene, OR. All of the natural springs and stormwater are being incorporated into landscape features and bio-retention ponds.

Marianna Condominiums

Portland, OR

The style and size of the units made this 1918 downtown apartment building an ideal opportunity for a condo conversion. Ten Bridges, along with OV River Group partners, immediately sold out all of the units in spite of a plummeting real estate market.

THE VERMONT HOUSE

Portland, OR

This Portland landmark was spared demolition. It was transported from its original location and masterfully restored true to the original Queen Anne Victorian Style of the house. As initiated by Ten Bridges, it is currently being submitted for the National Registry of Historic Homes.

COLONIAL OFFICE CAMPUS

Portland, OR

In 2012, Ten Bridges acquired five office buildings totaling 75,000 SF from Providence Medical Center. It was a complex transaction involving a Charitable Remainder Trust, the Providence Board, multiple lenders, and parcels coupled with a simultaneous closing. Within the first year, occupancy in the three-acre campus was increased by 21%, net profits were doubled and a successful tax appeal reduced yearly property taxes by nearly 50%. Today, Ten Bridges currently holds and manages these properties in its real estate portfolio.

EAST BURNSIDE

Portland, OR

In 2011, Ten Bridges entered into an option agreement to purchase a triplex on 4 separate tax lots. The option agreement was used to alleviate tax consequences that the seller would have suffered from a traditional sale. In 2013, Ten Bridges renovated the triplex, exercised its option agreement and sold the entire 23,000 sf multifamily parcel to a local builder.

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MILWAUKIE AVE

Portland, OR

In 2013, Ten Bridges purchased a 15,000 SF commercial parcel together with a single family home. Using extensive research and a lot of confirmation process with the City of Portland, Ten Bridges was able to resurrect an abandoned property line. This allowed for the formation of two separate parcels. The traditional lengthy and problematic lot division process was averted, the value was increased and the financing and marketing possibilities were multiplied.

SUMthing-New Condominiums

Portland, OR

This condo project offers high-end and high-density living in an established, well-loved neighborhood in inner Southeast Portland. The three-condo building blends in well with the surrounding single-family homes. Bioswales and gardens receive stormwater runoff, while large windows allow light to pour through the spaces. Each 1,500 square foot unit has a south facing deck, allowing residents to extend their living space to a quiet refuge away from the street. Demian Heald along with Eric Hoffman and Matt Loosemore at SUM Design Studios co-developed this project.  This included designing the project, finalizing a loan package, selecting a contractor and selling the units.

BELMONT APARTMENTS

Portland, OR

The Belmont Apartments reclaim an urban in-fill site in this vibrant Southeast Portland district and create a new mixed-use opportunity for the area. Belmont is a street of particular interest because, despite its proximity to downtown, it still holds underdeveloped properties and other lots that are similar in nature to the subject site. This project encourages connectivity between upper and lower Belmont and helps fill the void that currently exists.  Through high-quality design, the implementation of energy-saving features, small units and LEED certification, we will be able to produce a specialty boutique style of multifamily mixed-use development that will exemplify city living and demonstrate the demand for this kind of product.

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Couch House “Nob Hill, Couch Addition”

Portland, OR

Once a single family home, the vacant property had recently been used by a church as both a school and quarters for its priest. Seeing its true, hidden potential, Ten Bridges acquired the property and reinvented it as an apartment building. When we resold it, the building sold one hour after being listed. As initiated by Ten Bridges, this building is currently being submitted to the National Registry of Historic Homes.

Broadway Project “Portland State University”

Portland, OR

Ten Bridges saw a unique opportunity for redistricting several pieces of adjacent land in its portfolio. By petitioning to include them in the Urban Renewal Expansion Area, the properties could be re-imagined as 200 unit apartment/student housing facility adjacent to Portland State University, and qualify for special loans. It is currently under evaluation by the Mayor and other local officials.

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