October 26, 2018 Comments Off on REIT Breaks Ground on PDX Senior Housing Community Expansion Views: 2889 National News, Oregon, West

REIT Breaks Ground on PDX Senior Housing Community Expansion

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Strategic Student & Senior Housing Trust, Inc. broke ground on an expansion of Courtyard at Mt. Tabor, a continuum of care senior housing community in Portland, OR. The development will add a free-standing, roughly 16,000-square-foot, 23-unit memory care building to the community.

Purchased by Strategic Student & Senior Housing Trust in August 2018, Courtyard at Mt. Tabor currently offers 286 units of independent living, assisted living and memory care. The property is located on 7.1 acres in the Mt. Tabor submarket at 6125 and 6323 SE Division St.

Strategic Student & Senior Housing Trust’s John Strockis notes the project will expand the memory care services provided, and is also “expected to enhance the value of the investment for Strategic Student & Senior Housing Trust. The expansion also marks the first ground-breaking project for SmartStop Asset Management and its affiliates in the senior housing space, an emerging asset class that our firm first entered into in February 2018.”

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