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:   2021-12-01T23:59:59+00:00
Accession:  0001564590-21-058971
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Strategic Student & Senior Housing Trust agrees to sell Tallahassee property for ~$50M; senior occupancy dips to 82%
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- Sold Tallahassee student housing to Blackstone affiliate for ~$50M; expected close Q1 2022.
- Proceeds will pay down KeyBank Bridge Loan; buyer paid $1.5M earnest deposit.
- Senior occupancy fell from 83% in Aug to 82% in Sept due to Delta variant; student communities 100% and 97% leased.
- KeyBank Bridge Loans extended to Apr 2023; applied for Phase IV HHS grants and restricted cash reserve reduction through Dec 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698538/000156459021058971/0001564590-21-058971-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698538/000156459021058971/ck1698538-8k_20211126.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-058971

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