Construction is now complete on Novus Apartments, a $24 million, four-story, 84-unit, contemporary mixed-use community located in Portland’s Woodstock neighborhood at 4981 SE Woodstock Blvd., with the newly formed CloudTen Residential taking over all lease-up and management activities. With the addition of Novus, CloudTen now manages over 30 properties throughout Oregon and Washington.

Lydia Stiles, CloudTen’s regional asset director for the Pacific Northwest, said Novus is a core addition to CloudTen’s expanding portfolio, filling an increasing need for quality urban-style apartments in the region. With a sleek, modern design by architect Kyle Rodrigues of Scott Edwards Architecture, apartments range from 443-square-foot studios to 1,272-square-foot three-bedroom homes, all with stainless steel appliances, quartz countertops, pendant lighting, vinyl plank flooring and oversized windows. The community also features 16 expandable technology-powered Ori Studio homes, a cost-effective housing solution, which at the touch of a button transforms spaces for sleep, work or entertaining.

Onsite amenities include a spacious resident lounge, a coffee bar and courtyard with firepit and grills. The community also has 1,972 square feet of commercial space, with recent move-ins including a Filipino bakery, Shop Halo Halo and Daphne’s Botanicals.

The project was developed by Portland-based Urban Asset Advisors and constructed by LMC Construction.

According to Dennis Mitchell, vice president of strategy for CloudTen Residential – recently launched as a technology-centric, more nimble multifamily management firm – the company has a rapidly growing presence throughout the Pacific Northwest. “The region has a robust multifamily market, and we look forward to further expanding our portfolio here. Our clients have been thrilled by our boutique-style, hands-on approach paired with the best technology our sector has to offer.”

Other Portland area multifamily properties recently added to the CloudTen portfolio include Parallax, a 66-unit, five-story glass, steel, brick and metal mixed-use development and Ninebark, comprised of 246 beautiful sustainability minded apartment homes developed by Killian Pacific.

With these newest additions to its portfolio, CloudTen now has 60 properties totaling over 7,000 units throughout Arizona, Nevada, Oregon and Washington.

Jessica Weil has been named regional vice president of CloudTen Residential, a newly-formed Nevada-based firm that manages and operates multifamily properties throughout the West.

According to Melissa Deen, president of CloudTen, in her new role, Weil is responsible for supervising multiple employees as well as a range of multifamily properties throughout the Nevada region – requiring extensive leadership skills, oversight and successful team member development.

“With a passion for innovation, Jessica has considerable experience in complex multifamily operations, and we are thrilled to have her join our fast-growing, visionary team,” Deen said. “CloudTen has taken a more nimble, technology-forward approach to multifamily operations, and Jessica will provide the forward-thinking leadership we need as we expand in the Nevada marketplace.”

Weil was most recently a regional property manager for Cushman & Wakefield’s Las Vegas offices, overseeing a portfolio of 5,488 units and spearheading the day-to-day operations and profitability of numerous multifamily communities. She was also a regional property manager for Greystar Real Estate Partners, supervising 35 employees and overseeing 1,500 units. With over 10 years of experience in the multifamily industry, she has worked for Dasmen Residential, Pinnacle Property Management and Fairfield Residential.

She holds both master’s and Bachelor of Science degrees in psychology from the University of Phoenix and is a member of the Nevada Apartment Association and the NAACP. Fluent in Spanish, she is a certified apartment manager (CAM).

Founded by the principals of San Diego-based Sunrise Management, Cloud10 Residential was formed in the wake of the COVID-19 pandemic to provide a more streamlined, customized and technology-centric approach to multifamily management.