Gabe Johansen is the President & CEO of SMI Real Estate, a leading commercial real estate firm in the Willamette Valley. He is consistently the #1 producing apartment broker in the mid-valley area, and a leading broker in dollar volume closing in excess of $50MM annually. Gabe is considered an authority on commercial real estate brokerage, apartment investments, creative financing structures, syndications and repositioning underperforming multifamily assets.
SMI Real Estate is an affiliate enterprise of SMI Property Management, the Willamette Valley’s largest privately held professional property management company. SMI Property Management manages approximately 4,000 residential apartment units and nearly 100 local commercial buildings.
Gabe owns a large portfolio of multifamily real estate valued at over $20MM and totaling nearly 200 residential units and he specializes in repositioning underperforming assets, bringing C and D grade projects up to B and C grade levels. Through the combination of investment sophistication and brokerage acumen, he is considered among his peers and industry professionals as an apartment expert.
SMI Real Estate conducts the Willamette Valley’s most comprehensive rent and vacancy survey. The SMI Apartment Update is published every summer and winter and includes data gathered from nearly 18,000 units in four counties and is widely used by industry professionals, often being referenced in appraisal reports.
Gabe Johansen began his professional career at the age of 14, washing cars at his family’s new car dealership. He worked his way from a floor salesperson to become the General Manager leading a staff of more than 50 employees that produced in excess of $25MM retail sales every year. When Gabe’s father became ill, it was apparent that the family dealership had to be sold. He negotiated the complicated sale of the family business in what turned out to be his introduction to high level brokerage.