Strategic Student & Senior Housing Trust Inc., a Maryland corporation, was formed on October 4, 2016 under the Maryland General Corporation Law for the purpose of engaging in the business of investing in student housing and senior housing real estate investments. The Company’s year-end is December 31. As used in these consolidated financial statements, “we,” “us,” “our,” and “Company” refer to Strategic Student & Senior Housing Trust Inc. and each of our subsidiaries. On October 4, 2016, our Advisor, as defined below, acquired 111.11 shares of our common stock for $1,000 and became our initial stockholder. On January 27, 2017, pursuant to a confidential private placement memorandum (the “Private Placement Memorandum”), we commenced a private offering of up to $100,000,000 in shares of our common stock (the “Primary Private Offering”) and 1,000,000 shares of common stock pursuant to our distribution reinvestment plan (collectively, the “Private Offering” and together with the Public Offering, the “Offerings”). The Private Offering required a minimum offering amount of $1,000,000. On August 4, 2017, we met such minimum offering requirement. Our Primary Private Offering terminated on March 15, 2018. We raised offering proceeds of approximately $93 million from the issuance of approximately 10.8 million shares pursuant to the Private Offering.
Company profile
Ticker
STSR
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Strategic Student Senior & Storage Trust, Inc.
SEC CIK
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
12 Apr 24
DEF 14A
Definitive proxy
12 Apr 24
8-K
Entry into a Material Definitive Agreement
11 Apr 24
10-K
2023 FY
Annual report
22 Mar 24
8-K
Entry into a Material Definitive Agreement
18 Mar 24
8-K
Other Events
22 Jan 24
8-K
Termination of a Material Definitive Agreement
8 Jan 24
8-K
Third Quarter 2023 Letter to Stockholders
1 Dec 23
10-Q
2023 Q3
Quarterly report
13 Nov 23
8-K
Regulation FD Disclosure
14 Aug 23
Financial summary
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Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 9.79 mm | 9.79 mm | 9.79 mm | 9.79 mm | 9.79 mm | 9.79 mm |
Cash burn (monthly) | 164.98 k | 490.00 k | 58.09 k | 72.15 k | (no burn) | (no burn) |
Cash used (since last report) | 1.15 mm | 3.41 mm | 404.25 k | 502.04 k | n/a | n/a |
Cash remaining | 8.65 mm | 6.38 mm | 9.39 mm | 9.29 mm | n/a | n/a |
Runway (months of cash) | 52.4 | 13.0 | 161.6 | 128.8 | n/a | n/a |