Western Equities
Real Estate Investment Services
3215 SE Raymond St.
Portland, OR 97202

 
   
 

We specialize in brokerage and syndication of multi-family investment properties nationwide with a focus on Oregon, Washington, and the Western U.S. In addition, we have extensive experience in buying, owning, and selling apartment buildings and mobile home parks in the West.

 

Randy Smith - Principal Broker, CEO

Randy has 42 years of brokerage experience. After graduation with a BA and MS from Indiana University, he began his real estate career at F.C. Tucker Co. in Bloomington, Indiana. Randy moved to Portland in 1991 to join Norris & Stevens and later, Lutz, Merrifield & Estes. In 1994 he left Lutz to create Western Equities, Inc. A success from its inception, Western Equities quickly grew to a $200 million powerhouse with offices in New York, Los Angeles, San Francisco, Phoenix, Las Vegas and Portland.In 2002, Randy decided to go on his own in order to provide more individualized services to his clients.  His company is Western Property Sales LLC dba Western Equities. He has closed in excess of $300 million in investment property in the course of his career.

"I know there's a better chance of a property's getting sold if it can be exposed to thousands or even millions of potential purchasers, rather than some limited, in-house client listing. That would seem pretty obvious. For the sake of pure client networking, we place our listings in the RMLS locally, as well as on the internet, with incredible results. This is something those dinosaur-sized companies have been slow to do. Exposure and networking - that's the secret to getting properties sold."

"My focus is brokerage, not distractions like property management. My joy comes with getting deals done. I belong to the local, state, and national board of realtors, and am part of the Oregon chapter of CCIM. I am past president of Northwest Real Estate Investors Association, part of National REIA and have been on the Board of Directors for 14 years. I love connecting people with real estate: it's fun; it's a big part of wanting to get up in the morning. We move quickly on deals - immediate national response, really - plus, we're friendly and available. Call me any time"

 

Kevin Wingate-Pearse - Associate Broker

Kevin has been in the real estate industry for the past 18 years as a commercial real estate broker and developer. Since 1996 he has represented buyers and sellers of investments real estate, through acquisition, disposition and/or leasing. His expertise spans all facets of commercial real estate, however he now specializes in investment sales, development & consulting with an emphasis on multi-family.

Licensed in Washington and Oregon, his immediate area of focus is Vancouver Washington and Portland, Oregon, but he has worked on properties in several states when investors have looked for benefits in other areas of the country.

Prior to re-joining Western Equities in December 2016, Kevin was with SVN/Bluestone & Hockley since 2011. He was a broker with Coldwell Banker Commercial,JBA in Vancouver WA, developed commercial projects with Keys Property Group, performed brokerage services at the Sheldon Company in Vancouver WA and initiated his commercial career at Western Equities in Portland Oregon, a multifamily focused group in 2000.

Active in the local community, he has been secretary and vice chair on the board of REACH Community Development for the past 4 years and prior to that he was the board chair for their subsidiary - Affordable Community Environments, in Vancouver, WA for 2 years.

He is an avid reader, soccer fan, loves hiking, jogging, yoga and traveling.

 

Penelope Tolva - Associate Broker

Penelope first started in real estate on the Oregon coast in the mid '80s. If you weren't around or don't recall, the real estate market was in the middle of a deep downturn. Financing was non existent and the average home in the area sold for $70,000. This was a tough market and one Penny has referred to as "real estate boot camp".

In outlying areas there was not enough going to specialize in a particular segsegment of the industry but she did gravitate toward commercial and investment properties, becoming a buyer’s broker for timber land. She traveled the state locating tracts of timber which grows at a 6% increase a year and became adept at arranging 1031 tax-deferred exchanges.

In 1990, Penelope relocated to the Portland area and began working in the the multifamily market. She and Randy developed Western Equities into a local powerhouse firm and one that was active in many segments of the the national market as well including multifamily and telecom.

Penny took a hiatus in 2008 to work in the energy sector, but found herself missing the world of real estate. She is now once again active in multi-family and is as hard-working and determined as ever. More importantly, she loves the real estate business. “I love the Pacific Northwest. I believe we are going to see tremendous growth and opportunities here. Call, let’s get involved in all the great advantages of our beautiful state.” Call Penelope at 503-781-2787.

 

 

 

 

 

 

 

 

 

 

 

 

 
 
Please see our extensive list of properties on the Properties page. We look forward to helping you find, sell, or purchase your next investment property. We strive to provide timely, dependable, straightforward, honest and ethical guidance and information. And if we can't help you, we can probably refer you to a professional that can!