Strategic Student & Senior Housing Trust Board OKs NAV Increase
The board of Strategic Student & Senior Housing Trust Inc. – a publicly registered, non-traded real estate investment trust – approved a new estimated net asset value per share of $6.37 for all share classes: Classes A, T, W, Y, and Z. This is a modest 0.32% increase from the previous NAV valuation of $6.35 set in September 2024.
The calculation was based on independent appraisals by Kroll LLC, valuing the company’s remaining four senior housing properties at approximately $209.6 million. This represents an approximate 16.1% increase in the total value of the appraised properties over the aggregate purchase and development price of $180.5 million.
As of Sept. 30, 2025, the trust reported an aggregate NAV of approximately $83.5 million, a year-over-year increase of approximately 0.31%.
Following the sale of its final student housing property – The District, adjacent to the University of Arkansas in Fayetteville – for $72.25 million in 2024, the REIT is now essentially a senior housing-only REIT concentrated in two states, Oregon and Utah. Management reported that overall occupancy across these properties reached 95% in the second quarter of 2025, up from 91% a year prior.
According to the Q3 2025 earnings report, the REIT is showing signs of operational recovery despite a net loss. Leasing and related revenues for Q3 2025 rose to $9.57 million, an 8% year-over-year increase from the $8.9 million in the prior year. Income from operations improved to $0.46 million, up from $0.24 million in the same period of 2024. 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.
Both dividend distributions and the share redemption program remain suspended. Since its inception, the company has paid approximately $14.6 million in total cash distributions ($1.11 per share), much of which came from the capital gains of previous property sales.
Previously reported by AltsWire, John Strockis, chief executive officer and president of the REIT, has issued letters to stockholders indicating the company is “waiting for the senior housing capital markets to recover” before making further major moves. The REIT’s debt is largely fixed-rate and does not mature until 2028, giving them a cushion to wait for cap rates to compress before considering a potential sale, recapitalization, or merger to provide full liquidity to shareholders.
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