New Memory Care Facility Opens at Senior Housing Community Owned by Strategic Student & Senior Housing Trust in Portland, Ore.
PORTLAND, Ore. – (Nov. 4, 2019) – Strategic Student & Senior Housing Trust, Inc. (“SSSHT”), a public, non-traded real estate investment trust sponsored by SmartStop Asset Management, LLC, announced today the completion of a free-standing, 23-unit memory care building at Courtyard at Mt. Tabor in Portland, Oregon. The approximately 16,000-square-foot facility, Courtyard at Mt. Tabor Pavilion, is an expansion of Courtyard at Mt. Tabor, a continuum-of-care senior housing community that now offers 309 units of independent living, assisted living and memory care. As of November 3, 2019 the Pavilion is 38% pre-leased.
“SmartStop Asset Management believes that the ideal senior housing model is a continuum-of-care campus serving private-pay, middle-income seniors that allows residents to age in-place,” said John Strockis, president and chief investment officer of SSSHT. “We maintain a resident-focused perspective and understand the growing need to provide quality memory care in our communities. Courtyard at Mt. Tabor Pavilion delivers additional units to help offset that demand.”
The new memory care facility was constructed by R&H Construction and designed by Ankrom Moisan Architects. After breaking ground in late October 2018, the project took approximately 12 months to complete.
A grand opening ceremony will be held on Wednesday, Nov. 6, at 11 a.m. Pacific time, that will feature a ribbon cutting and topping out ceremony to commemorate the memory care unit. Jeanne Keevil, a resident of Courtyard at Mt. Tabor, introduced the community to topping out, a Scandinavian tradition dating back more than 1,000 years. The tradition involves placing a tree at the top point of a newly constructed building to pay homage to the trees that provided the lumber to construct the building and as a way to bless the new building. Keevil will be in the lift to help commence the topping out ceremony. The tree blessing will also be a part of the Vibrant Life program at Courtyard at Mt. Tabor, which is designed to connect residents with family, friends and the community. The event will be attended by executives from SmartStop Asset Management, Integral Senior Living and R&H Construction as well as management, staff and residents of Courtyard at Mt. Tabor.
Courtyard at Mt. Tabor is situated on 7.1 acres of land located at 6125 and 6323 SE Division St. The full-service community has extensive dining service options; wellness care and activities; transportation; personal care and support services; housekeeping; and a 24-hour front desk staff for its residents.
“We couldn’t be more excited to commemorate the expansion at Courtyard at Mt. Tabor with SmartStop Asset Management, a company that shares our mission of making the communities we manage vibrant and healthy with welcoming environments for residents and their families,” said Collette Gray, chief executive officer and chief operating officer for Integral Senior Living.
Integral Senior Living, a premier senior living operator that manages independent, assisted living and memory care properties throughout 18 states, manages the property on a day-to-day basis on behalf of Strategic Student & Senior Housing Trust.
In addition to Courtyard at Mt. Tabor, Strategic Student & Senior Housing Trust owns a portfolio of three other senior housing communities and two student housing communities
About Strategic Student & Senior Housing Trust, Inc. (SSSHT)
SSSHT is public non-traded REIT that focuses on the acquisition of income-producing, Class “A” student housing and senior housing communities. SSSHT owns two student housing properties and four senior housing properties. For more information regarding SSSHT, please visit https://strategicreit.com/site/sssht.
SmartStop Asset Management, LLC
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