secwatch.observer — SEC 8-K summary
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Issuer:     Strategic Student & Senior Housing Trust, Inc. (STSR)
CIK:        0001698538
Form:       8-K
Filed at:   2023-12-01T23:59:59+00:00
Accession:  0000950170-23-067213
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Strategic Student & Senior Housing Trust enters $63M sale of last student housing property; Q3 NOI +$0.3M
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- Sale price for Fayetteville, AR student housing property is approx. $63M; expected to close Jan 2024.
- Net proceeds will repay $29.5M mortgage and $25.8M KeyBank Bridge Loan (total ~$55.3M) and add working capital.
- Buyer is a joint venture (95% Walton Street Capital affiliate, 5% sponsor affiliate); sponsor affiliate to manage property.
- Senior living occupancy rose to ~93% at Sep 30, 2023 from ~91% at Jun 30; student housing occupancy ~99%.
- Q3 2023 vs Q3 2022: property revenues +$0.8M, expenses +$0.5M, NOI +$0.3M; distribution of gain expected late 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698538/000095017023067213/0000950170-23-067213-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698538/000095017023067213/sssht-20231127.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-067213

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