“In total, these projects will provide 352 units to the greater Portland and Salem areas, filling a growing need for housing in the region,” Mitchell said. “Each of these communities is a key addition to the community – and to our expanding portfolio. We are proud to partner with Deacon Development to help provide quality rental housing in walkable, transit-oriented neighborhoods.”

Highlights of the new properties includes

Merx Located at the corner of 19th and Petttygrove in northwest Portland’s Slabtown, Merx is a seven-story mixed-use project comprised of 126 studio and one-bedroom apartments, ranging from 297 to 453 square feet. Units feature a blend of contemporary design with custom casework, offering both style and functionality. Originally the site of a Sylvia’s Grocery which opened in 1884, Merx (short for mercantile), pays homage to the neighborhood’s rich history rooted in service. Merx will encompass a resident lounge, coffee bar, private outdoor terrace and rooftop deck with sweeping city views as well as ground-floor retail. The name – Merx – is Latin for merchandise that is bought and sold and is an homage to the site’s retail beginnings. Pre-leasing is slated for February 2024 with units ready for move-in late April 2024. Paceline Located at 1341 N. Killingsworth St. in Portland’s Overlook neighborhood, Paceline stands five stories with 69 studio and one-bedroom apartments, spanning 350 to 460 square feet. A community of apartments in North Portland where residents, neighbors and friends come together in a space designed for convenience and comfort, its name is a nod to the region’s connectivity, spawned by access to Portland’s MAX Yellow Line, bike lanes, greenways and multi-use paths. Apartment homes include in-home washers/dryers, custom casework, quartz countertops and expansive windows, while amenities encompass package lockers, bike parking, a rooftop deck and more. Construction is set for completion in June 2024. Rivenwood Featuring 157 studio, one- and two-bedroom apartments ranging from 370 to 849 square feet – as well as on-site parking, a resident lounge and large rooftop deck with BBQs, outdoor games and more – Rivenwood is a five-story, wood-framed structure located on the site of a former Nordstrom store at 420 Center St. NE in downtown Salem. Inspired by the industrial history of the region’s saw mills and the timber industry, the name Rivenwood is a subtle nod to a city strengthened and reinvented through public and private partnership. Rivenwood’s apartment homes feature stainless steel appliances, quartz countertops, in-home washers and dryers and balconies in select units along with EV parking, bike storage, package lockers, a coffee and tea lounge and pet wash. Pre-leasing is slated for spring 2024, with units ready for move-in summer 2024 With these newest additions to its portfolio, CloudTen now manages 70 properties totaling 500 units throughout Arizona, Nevada, Oregon and Washington.