A new property management firm is open for business in the western U.S. Headquartered in Reno, Nevada, CloudTen Residential announced last week that it is working with clients in Arizona, Nevada, Oregon and Washington.
Founded by the principals of San Diego-based Sunrise Management, CloudTen Residential aims to provide a streamlined, customized and tech-driven approach to multifamily management, according to a release.
Run by a team of 130 employees, the newly launched venture specializes in a range of property management functions, including acquisition and advisory services, maintenance, leasing and marketing.
Now operating for a few months, CloudTen currently oversees 32 properties throughout the West, including hotel-to-residential conversions,high-rise lease-ups and value-add properties. One of the company’s first projects is the management of Killian Pacific’s newest development Ninebark, a newly constructed 246-unit sustainably designed apartment community between Camas and Washougal in Clark County, Wash.
Besides executives from Sunrise, the firm has hired a number of other heavy hitters from the multifamily sector. Regional vice president Jessica 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.