SSSHT reports Q3 2022 ops: senior occupancy 88.8%, student 99%; declares $0.04 special distribution

Strategic Student & Senior Housing Trust, Inc.

Senior living occupancy 88.8% (up 10 bps from Jun 30); student housing occupancy 99% at YOUnion@Fayetteville.
Property revenues up ~$970k YoY; property operating expenses up ~$620k (excl. sold Tallahassee property).
Board declared special cash distribution of $0.04 per share, payable Dec 2022, from Tallahassee sale proceeds.
Sale proceeds also used to repay $17M Bridge Loan debt and provide operating capital.

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