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:   2024-09-09T23:59:59+00:00
Accession:  0000950170-24-104678
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698538/000095017024104678/0000950170-24-104678-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698538/000095017024104678/sssht-20240909.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-104678

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