September 5, 2018 Comments Off on Senior Housing Facility Acquired in Portland for $92M Views: 2799 National News, Oregon, West

Senior Housing Facility Acquired in Portland for $92M

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Strategic Student & Senior Housing Trust, Inc. acquired Courtyard at Mt. Tabor, a continuum of care senior housing community offering 286 units of independent living, assisted living and memory care in Portland, OR. The facility was purchased for $92 million from an undisclosed party.

Located at 6125 and 6323 SE Division St., the property is currently 94% occupied and 100% private pay. An expansion project that will add an additional 23-unit memory care building to the facility is scheduled to break ground in the fall of 2018. Situated on 7.1 acres of land, the community was constructed between 1999 and 2009.

Strategic’s John Strockis says, “As an established, award-winning retirement community, Courtyard at Mt. Tabor aligns perfectly with our strategy to acquire stabilized properties that also offer an opportunity to enhance value through operational or structural improvements.”

Integral Senior Living will continue to manage the property.

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