SEC Declares Strategic Student & Senior Housing Trust IPO Effective

Strategic Student & Senior Housing Trust Inc., a publicly registered non-traded real estate investment trust sponsored by SmartStop Asset Management LLC, announced that the registration statement for its initial public offering of approximately $1.1 billion in shares of common stock was declared effective by the Securities and Exchange Commission.

Strategic Student & Senior Housing Trust will offer up to $1 billion in shares of its common stock in its primary offering, consisting of three classes of shares: Class A, Class T, and Class W shares.

Class A shares are priced at $10.33 each (up to $450 million in shares) and have a 6 percent sales commission and a 3 percent dealer manager fee.

Class T shares are priced at $10.00 per share (up to $450 million in shares) and include a 3 percent sales commission, a 3 percent dealer manager fee, and 1 percent annual stockholder servicing fee.

Class W shares are priced at $9.40 per share (up to $100 million in shares) and include a 0.50 percent dealer manager servicing fee.

The REIT is also offering up to $95 million distribution reinvestment plan shares priced at $9.81 each for Class A shares, $9.50 for Class T shares, and $9.40 for Class W shares.

Strategic Student & Senior Housing Trust intends to primarily invest in a portfolio of income-producing student housing and senior housing real estate assets, and currently owns two student housing properties and three senior housing properties.

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