Sells Fayetteville student property for $72.25M; pays off $59.9M in debt

Strategic Student & Senior Housing Trust, Inc.

Fayetteville student property sold July 31, 2024 for $72.25M; $25.4M bridge loan and $34.5M first mortgage paid off.
Q2 2024 vs Q2 2023: property revenues +$0.6M, expenses +$0.7M, net operating income -$0.1M.
Senior housing occupancy improved to ~92% as of June 30, 2024, from ~89% as of March 31, 2024.
Company now holds four senior housing properties; plans to improve NOI and wait for market recovery.
Net capital gain distribution to stockholders anticipated in Q4 2024 from sale proceeds.

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