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Strategic Student & Senior Housing Trust, Inc. Valuation Update

Strategic Student & Senior Housing Trust, Inc. Updates Valuation, featured by top securities fraud attorneys, the White Law Group

Strategic Student & Senior Housing Trust, Inc. to hold NAV per share of $6.08  

According to a letter to stockholders on March 30, Strategic Student & Senior Housing Trust, Inc updated its NAV per share with its board of directors’ approval. The board says it will hold the previous estimated NAV of $6.08 per share as of December 31, 2021. The company noted that the valuation is based upon the board’s assessment of the REIT’s portfolio, the recent increasing trends in senior housing occupancy, and the estimated range of the Company’s asset and liability values provided by an independent consultant.  

Strategic Student and Senior Housing Trust, Inc., a public, non-traded REIT, is focused exclusively on student housing and senior housing, according to its website. The REIT currently owns a student housing property and four senior housing properties.  

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.  

According to the letter, in the fourth quarter of 2021, its senior housing occupancies ended at 82% occupancy but were essentially the same as compared to the third quarter 2021. The company noted that it experienced critical staffing shortages as a result of “the Great Resignation trend, demand for higher wages and general concern about employees contracting the Omicron virus.” 

As we previously reported, the company suspended its share redemption program and distributions to investors following the onset of the COVID-19 pandemic. 

To learn more, see: Investor Alert: Strategic Student & Senior Housing Trust Inc.   

High Risk Non-Traded REITs – Illiquid Investment 

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.   

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 www.whitesecuritieslaw.com. 

 

Tags: , , , , , , Last modified: April 12, 2022