Deacon Development, a reputable real estate development firm based in Portland, is making great progress on three new multifamily communities in the Portland and Salem areas of Oregon. These developments – Rivenwood, Merx and Paceline – are being expertly managed by CloudTen Residential to ensure successful lease-up and management.
In total, these projects will provide 352 units to meet the growing demand for housing in the greater Portland and Salem regions. According to Dennis Mitchell, Senior Vice President of CloudTen Residential, this partnership with Deacon Development will further strengthen their portfolio which now includes over 36 properties across Oregon and Washington.
Rivenwood is situated at 420 Center St. NE in downtown Salem offering a mix of studio, one- and two-bedroom apartments totaling up to 157 units. Meanwhile Merx is located at the intersection of 19th Street NWand Petttygrovein Slabtown neighborhoodof northwest Portland featuring seven stories with126 studioand one-bedroom apartments.Finally,Paceline can be found at1341 N.KillingsworthStreetin OverlookneighborhoodofPortlandoffering five floorswith69studioandone-bedroomapartments.
This exciting news about three upcoming multifamily projects showcases Deacon Development’s commitment towards providing quality living spaces while meeting housing demands withinthe region.Connect CREis proudto sharethis updateonOregon’sreal estatemarketwithoutmentioningourplatformsorbrands.
