A bed includes: a foundation; a mattress assembly comprising a mattress and an underlying panel; and a lifting mechanism comprising a series of interconnected pivoting links. The foundation includes a head wall, a foot wall opposed to the head wall, opposed side walls between the head wall and the foot wall, and a floor, the head wall, the foot wall, the side walls and the floor forming at least one storage cavity. The lifting mechanism is mounted to the foundation and the mattress assembly and is configured to move the mattress assembly between a lowered position, in which the mattress assembly is positioned atop the foundation, and a raised position, in which the mattress assembly is positioned above and at least partially laterally of the foundation, such that the storage cavity is accessible.