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Courtyard at Mt. Tabor Courtyard at Mt. Tabor is currently 94% occupied and 100% private pay (credit: Rood Investments).

PORTLAND, OR—An aging population, a declining homeownership rate among older Americans and rapid wealth growth for senior-aged residents are driving demand and development in the seniors housing sector, according to a recent study by Marcus & Millichap. One such example of this demand is Courtyard at Mt. Tabor, a continuum of care senior housing community with 286 units of independent living, assisted living and memory care.

The senior facility has been purchased for $92 million by Strategic Student & Senior Housing Trust Inc., a public non-traded real estate investment trust sponsored by SmartStop Asset Management LLC.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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