Strategic Student & Senior Housing Trust Inc., a publicly registered non-traded real estate investment trust sponsored by SmartStop Asset Management LLC, has promoted Michael Crear to chief financial officer.
In his new role, Crear is responsible for the implementation of accounting and financial management policies, as well as Strategic Student & Senior Housing Trust’s SEC and regulatory reporting. Previously, he served as vice president and controller of the REIT.
“Michael brings immeasurable value to our team and has played a vital role at Strategic Student & Senior Housing Trust during his time with us,” said John Strockis, president and chief investment officer. “We are pleased to have him in this expanded role with the REIT.”
In addition to his role as chief financial officer of Strategic Student & Senior Housing Trust, Crear will continue to serve as vice president of accounting for its sponsor, SmartStop Asset Management.
Prior to joining the SmartStop family of companies, Crear was vice president of finance and accounting for PADI Worldwide Inc., and held various positions with Alliance Healthcare Services Inc., formerly listed on NASDAQ, including vice president of corporate finance. Crear also spent seven years with Deloitte and Touche LLP.
Crear earned a bachelor’s degree from the University of California, Santa Barbara and has been licensed as a Certified Public Accountant in California.
Strategic Student & Senior Housing Trust invests in income-producing, Class A student housing and senior housing communities and owns two student housing properties and four senior housing properties.
The REIT raised approximately $93 million from its private offering which ended in March 2018, and its public offering was declared effective in May 2018. As of September 30, 2019, the company had raised $8.9 million in investor equity in its primary public offering.