Welcome to our dedicated page for Strategic Student & Senior Housing Trust SEC filings (Ticker: STSR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Strategic Student & Senior Housing Trust, Inc. filings document the company's governance, shareholder communications, share-class structure, and valuation disclosures as a publicly registered non-listed REIT. Its SEC record includes definitive proxy materials for annual meeting matters and Form 8-K reports covering Regulation FD communications and other events.
The filings describe estimated per-share net asset value for Class A, Class T, Class W, Class Y, and Class Z shares, board and committee oversight of the valuation process, use of third-party real estate valuation services, and disclosures related to senior housing property values and corporate reporting obligations.
Strategic Student & Senior Housing Trust, Inc. reported the results of its 2026 Annual Meeting of Stockholders held on June 25, 2026. Stockholders elected three directors to serve until the next annual meeting: H. Michael Schwartz, Brent Chappell, and Stephen G. Muzzy, each receiving more than six million votes in favor and several hundred thousand votes withheld.
Stockholders also ratified the appointment of BDO USA, P.C. as the company’s independent registered public accounting firm for the year ending December 31, 2026, with 6,408,350 votes for, 166,121 votes against, and 380,540 abstentions.
Strategic Student & Senior Housing Trust, Inc. reported that its positive performance in 2025 continued into the first quarter of 2026. Comparing Q1 2026 to Q1 2025, revenues rose about 13%, expenses increased about 9%, and property net operating income grew about 23%, indicating improved profitability.
Portfolio occupancy increased from roughly 92% as of March 31, 2025 to about 95% as of March 31, 2026, reflecting strong demand for its senior housing communities. Management plans to work with operator MBK Senior Living to enhance rental and care fee margins while maintaining high service levels.
The company notes favorable industry trends cited from NIC MAP, including national occupancy approaching 90%, rent growth above 4%, and limited new construction. It also comments that senior housing cap rates have declined somewhat and expresses expectations for further reductions later in 2026, while emphasizing continued focus on operating performance and maximizing shareholder returns.
Strategic Student & Senior Housing Trust, Inc. reported a smaller quarterly loss while operating a focused portfolio of four senior housing properties. For the three months ended March 31, 2026, leasing and related revenues were $10.2 million, up from $9.0 million a year earlier, reflecting higher property-level income.
Total operating expenses were $9.3 million, producing income from operations of $0.9 million. After interest and other items, the company recorded a net loss of $0.3 million versus a $1.0 million loss in the prior-year quarter. Net loss attributable to common stockholders was $0.7 million, or $(0.05) per share for each common class, compared with $(0.11) per share a year earlier.
At March 31, 2026, total assets were $152.3 million, including net real estate of $140.9 million. Debt, all fixed-rate Freddie Mac loans maturing in 2028, totaled $102.3 million before issuance costs, and equity was $7.0 million. The company also had $10.2 million of preferred equity in its operating partnership and $5.4 million of redeemable common stock. Cash, cash equivalents, restricted cash and short-term U.S. Treasury securities together were about $10.3 million.
The company remains a REIT and holds significant federal and state net operating loss carryforwards. Its primary equity offerings, cash distributions to stockholders and share redemption program have been suspended since March 30, 2020. On January 16, 2026, the board approved an estimated net asset value of $6.37 per share for all common classes, based on asset and liability estimates as of September 30, 2025.
Strategic Student & Senior Housing Trust, Inc. is holding a virtual annual meeting on June 25, 2026 to elect three directors and ratify BDO USA, P.C. as independent auditor for the year ending December 31, 2026.
The board consists of chairman H. Michael Schwartz and two independent directors, Brent Chappell and Stephen G. Muzzy, who also chair the audit, nominating/governance, and compensation committees. The company highlights its Code of Ethics, insider trading policy, and committee charters, all available on its website.
In 2025, BDO audit fees were $261,198. Independent directors received cash retainers, meeting fees, and restricted stock under a long‑term incentive plan, with total director compensation for 2025 under $52,000 per independent director. As of March 31, 2026, about 13.1 million common shares were outstanding, with Comrit Investments 1, LP disclosed as an 8.3% holder. The proxy also details related‑party arrangements with the Advisor, Sponsor, former dealer manager, transfer agent, and a $10.2 million preferred equity investment by an affiliate, including associated fees and reimbursements.
Strategic Student & Senior Housing Trust, Inc. provides its annual report describing a small, highly leveraged non-traded REIT now focused solely on senior housing. The company owns four senior housing properties and reports continued net losses and an accumulated deficit, and does not expect operations to be profitable in 2026.
The Primary Offering has been terminated, and both the share redemption program and regular distributions remain suspended. As of March 20, 2026, there were about 11.6 million Class A shares outstanding and smaller balances of Classes T, W, Y and Z. On January 16, 2026, the board approved an estimated net asset value of $6.37 per share for all classes, based on asset and liability values as of September 30, 2025.
Total indebtedness was approximately $102.7 million as of December 31, 2025, with debt leverage around 57% of purchase price and maturities in 2028. The operating partnership also had about $10.2 million of 9% preferred units outstanding and roughly $9.1 million of cumulative preferred distributions payable, which rank senior to common equity and could limit future common distributions.
Strategic Student & Senior Housing Trust, Inc. set an estimated net asset value of $6.37 per share for all common share classes as of September 30, 2025. This figure is based on total net asset value of $83.5 million divided across 13,116,478 equity interests, reflecting appraised senior housing property values of $209.6 million and debt fair value of about $101.8 million.
The board relied on an independent valuation by Kroll, LLC, which produced a per-share value range of $5.64 to $7.14 and a midpoint of $6.37 that the board adopted. The new estimate is slightly above the prior $6.35 per-share value as of September 30, 2024. Since inception through September 30, 2025, the company has paid total cash distributions of roughly $14.6 million, or $1.11 per common share, including special capital gain distributions from property sales.
Strategic Student & Senior Housing Trust, Inc. reported that on November 21, 2025 it issued a letter to stockholders, which is provided as Exhibit 99.1 to a current report on Form 8-K. The company notes this stockholder letter is being furnished under Regulation FD, meaning it is intended as broad public disclosure but is not treated as being filed for liability purposes under Section 18 of the Exchange Act or incorporated into other SEC reports. The company also confirms that it has no securities listed for trading on a national securities exchange.
Strategic Student & Senior Housing Trust, Inc. reported higher quarterly revenue but a continuing net loss from ongoing operations. For Q3 2025, leasing and related revenues were $9.57 million versus $8.90 million a year ago, with income from operations of $0.46 million. After interest, net loss from continuing operations was $0.90 million, an improvement from $1.13 million last year. For the nine months, revenue was $27.94 million versus $25.90 million, with a year‑to‑date continuing net loss of $2.68 million.
Total assets were $154.9 million, cash and cash equivalents $9.79 million, and debt (net) $102.84 million as of September 30, 2025. Equity declined to $9.66 million from $13.45 million at year‑end 2024. The company now owns four senior housing properties after selling its Fayetteville student housing asset in 2024, and noted that distributions and the share redemption program remain suspended. On January 10, 2025, the board approved an estimated value per share of $6.35 (as of September 30, 2024).