Strategic Student & Senior Housing Trust Files Routine 8-K

TL;DR

**Strategic Student & Senior Housing Trust filed a standard 8-K, nothing major to see here.**

AI Summary

Strategic Student & Senior Housing Trust, Inc. filed an 8-K on January 22, 2024, to report an 'Other Event' and 'Financial Statements and Exhibits'. This filing indicates a routine update, likely related to general business operations or minor administrative changes, rather than a major financial or strategic shift. For investors, this suggests no immediate significant news that would drastically alter the company's valuation or outlook, maintaining a neutral stance on the stock.

Why It Matters

This filing signals standard corporate compliance, indicating no major, immediate news that would significantly impact the company's stock price or operational strategy.

Risk Assessment

Risk Level: low — The filing is a routine 8-K for 'Other Events' and 'Financial Statements and Exhibits', which typically does not indicate significant risk.

Analyst Insight

Given this is a routine filing with no material news, a smart investor would maintain their current position or continue with their existing research without immediate action based solely on this 8-K.

Key Numbers

• 20240122 — Filing Date (The date the 8-K was filed and the earliest event reported.)
• 0001698538 — Central Index Key (CIK) (Unique identifier for the company with the SEC.)
• 333-220646 — SEC File Number (The registration statement file number for the company.)

Key Players & Entities

• Strategic Student & Senior Housing Trust, Inc. (company) — the registrant filing the 8-K
• Maryland (company) — state of incorporation for the registrant
• 333-220646 (dollar_amount) — Commission File Number
• 81-4112948 (dollar_amount) — IRS Employer Identification No.
• January 22, 2024 (date) — Date of earliest event reported and filing date

Forward-Looking Statements

• The company will continue to file routine compliance documents without significant market-moving news in the near term. (Strategic Student & Senior Housing Trust, Inc.) — high confidence, target: Q1 2024

FAQ

Key Financial Figures

• $6.34 b — , Class Y shares, and Class Z shares of $6.34 based on the estimated value of our asset
• $5.38 — e range in estimated value per share of $5.38 to $7.43, with an approximate mid-range
• $7 — n estimated value per share of $5.38 to $7.43, with an approximate mid-range value
• $6 — with an approximate mid-range value of $6.34, as indicated in the valuation repor
• $6.34 — recommended to the Board that it adopt $6.34 as the Estimated Per Share NAV for the
• $237.5 million — and development price of approximately $237.5 million. As of September 30, 2023, the total ap
• $262.9 million — ethod described above was approximately $262.9 million. This represents an approximate 10.7% i
• $278.9 million — e Appraised Properties to approximately $278.9 million. Similarly, an increase in the terminal
• $248.9 million — e Appraised Properties to approximately $248.9 million. Assuming all other factors remain unch
• $268.1 million — e Appraised Properties to approximately $268.1 million. Similarly, an increase in the discount
• $257.3 million — e Appraised Properties to approximately $257.3 million. Debt The estimated value of the ag
• $155.0 m — ing of the debt were each approximately $155.0 million, representing a below market debt
• $7.1 million — market debt valuation of approximately $7.1 million. Other Assets and Liabilities The c

Filing Documents

• sssht-20240122.htm (8-K) — 180KB
• sssht-ex99_1.htm (EX-99.1) — 6KB
• 0000950170-24-006088.txt ( ) — 305KB
• sssht-20240122.xsd (EX-101.SCH) — 25KB
• sssht-20240122_htm.xml (XML) — 4KB

01. Other Events

Item 8.01. Other Events. Determination of Estimated Per Share Net Asset Value On January 22, 2024, the board of directors (the “Board”) of Strategic Student & Senior Housing Trust, Inc. (the Company, we, us, our), at the recommendation of the Nominating and Corporate Governance Committee of the Board (the “Committee”), unanimously approved and established our estimated net asset value per share (“Estimated Per Share NAV”) for our Class A shares, Class T shares, Class W shares, Class Y shares, and Class Z shares of $6.34 based on the estimated value of our assets less the estimated value of our liabilities, or net asset value, divided by the number of shares outstanding on an adjusted fully diluted basis, calculated as of September 30, 2023. We are providing this Estimated Per Share NAV to assist broker-dealers in connection with their obligations under applicable Financial Industry Regulatory Authority (“FINRA”) rules with respect to customer account statements and to assist fiduciaries in discharging their obligations under Employee Retirement Income Security Act (“ERISA”) reporting requirements. This valuation was performed in accordance with the provisions of Practice Guideline 2013-01, Valuations of Publicly Registered Non-Listed REITs , issued by the Institute for Portfolio Alternatives (“IPA”) in April 2013 (the “IPA Guidelines”). The Committee, comprised of our two independent directors, was responsible for the oversight of the valuation process, including the review and approval of the valuation process and methodology used to determine the Estimated Per Share NAV, the consistency of the valuation methodology with real estate standards and practices, and the reasonableness of the assumptions used in the valuations and appraisals. The Committee approved the engagement of Kroll Real Estate Advisory Group, LLC (“Kroll”), an independent third p

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. 99.1 Consent of Kroll, LLC 104 Cover Page Interactive Data File (embedded within the inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Strategic STUDENT & SENIOR HOUSING Trust, Inc. Date: January 22, 2024 By: /s/ John Strockis John Strockis Chief Executive Officer and President

View Full Filing

View this 8-K filing on SEC EDGAR