Terry Bean

Terry Bean is the President and CEO of Bean Investment Real Estate and is the son of the firm’s founder, Ormond Bean, Jr. He has more than 40 years of experience in multi-family real estate investments and has distinguished the firm as a leader in the multi-family market. Terry’s guiding principle is to ensure that the interests of the firm are identical to those of his partners. As Terry is fond of saying, “We treat our partners’ money as our own because we are always investors too.” By adhering to this principle, the firm has succeeded in consistently maximizing internal rates of return for investors.

Under Terry’s leadership, Bean Investment Real Estate has purchased, owned and sold more than 50 institutional and non-institutional quality multi-family properties, totaling more than 20,000 units, with aggregate value in excess of $1 billion. The firm has also developed expertise in condominium conversions, and has converted apartment buildings with more than 1,500 units into condominiums since 2000.

In addition to maximizing returns, Terry’s has successfully focused BIRE on the delivery of both short-term cash flow and long-term wealth creation to clients. He has organized the firm’s investment groups so that clients enjoy the benefits of a 1031 tax-deferred exchange. And he knows how to bring deals to completion – the firm has a record of closing more than 95 percent of the transactions it puts under contract.

Terry believes in striving to provide expertise in a way that makes investing in real estate easy and comfortable. He has earned the trust of investors with his deep knowledge of the market, achieved by constantly studying absorption and construction rates, and trends in rental rates, job creation and job location to determine the best places for clients to invest.

Terry is a fifth generation Oregonian and has long been active in politics and philanthropy in Oregon and nationally. In 2008, Governor Ted Kulongoski declared August 23 to be “Terry Bean Equality Day” in recognition of his significant contributions to civil rights causes over the years. Terry earned his B.S. degree from the University of Oregon in 1970.