Strategic Student & Senior Housing Trust, Inc. NAV per share of $6.24
The White Law Group continues to investigate potential securities claims involving broker dealers who may have improperly recommended Strategic Student and Senior Housing Trust, Inc., to investors.
Strategic Student and Senior Housing Trust, a public, non-traded REIT, is focused on student housing and senior housing, according to its website. The REIT currently owns a student housing property and four senior housing properties.
The REIT, sponsored by an affiliate of Strategic Asset Management LLC, recently announced that its board of directors approved an estimated per share net asset value of its common stock of $6.24 as of Sept. 30, 2022. Shares of Strategic Student and Senior Housing Trust were originally offered for $10.00.
The company raised capital through a private offering in 2017, and its stock became effective in 2018, but ceased offering shares in March 2020, due to the COVID-19 pandemic.
As we previously reported, the company suspended its share redemption program and distributions to investors following the onset of the COVID-19 pandemic.
Non-traded REITs such as Strategic Student & Senior Housing Trust do not trade on a national securities exchange, and are therefore illiquid products that can be difficult to sell. Investors can typically only sell their shares through redemption with the issuer, or through a fragmented and illiquid secondary market.
According to Central Trade & Transfer, a secondary market for alternative investments, shares of the REIT were sold for $4.00 per share, which may indicate losses for investors.
To learn more about our investigation, see: Investor Alert: Strategic Student & Senior Housing Trust Inc.
High Risk Non-Traded REITs – Illiquid Investment
Usually, investments such as this one has a high up-front commissions and fees –sometimes as high as 10% — which goes to the broker, the broker-dealer, and the wholesale broker or manager. This may offer an incentive for brokers to sell this type of investment, despite the risks to their clients.
Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Recommendations should be appropriate in light of the investor’s age, risk tolerance, net worth, and investment experience.
Broker dealers that fail to adequately disclose risks or make unsuitable investment recommendations can be held liable for investment losses in a FINRA arbitration claim.
Free Consultation with a Securities Attorney
If you have suffered losses in Strategic Student & Senior Housing Trust, Inc. and would like to speak to a securities attorney about the potential to recover your investment losses, please call The White Law Group at 1-888-637-5510 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Seattle, Washington. To learn more about The White Law Group visit whitesecuritieslaw.com.
Tags: Strategic Student & Senior Housing Trust Inc. Buy back, Strategic Student & Senior Housing Trust Inc. Distributions, Strategic Student & Senior Housing Trust Inc. lawsuit, Strategic Student & Senior Housing Trust Inc. Liquidation, Strategic Student & Senior Housing Trust Inc. losses, Strategic Student & Senior Housing Trust Inc. investigation, Strategic Student & Senior Housing Trust Inc. NAV Last modified: February 1, 2023
