Strategic Student & Senior Housing Trust CFO to Resign
Strategic Student & Senior Housing Trust Inc., a publicly registered non-traded real estate investment trust sponsored by SmartStop Asset Management LLC, disclosed to the Securities and Exchange Commission that Michael Crear will resign as Chief Financial Officer and Treasurer.
Strategic Student & Senior Housing Trust Inc., a publicly registered non-traded real estate investment trust sponsored by SmartStop Asset Management LLC, disclosed to the Securities and Exchange Commission that Michael Crear will resign as chief financial officer and treasurer to pursue other opportunities. The effective date of his resignation is December 1, 2020.
Crear was appointed to the role of CFO in January 2020. No information on his replacement was disclosed in the SEC filing.
Strategic Student & Senior Housing Trust invests in 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. The company raised $17.4 million in investor equity in its primary public offering.
In April, Strategic Student & Senior Housing Trust suspended its primary public offering and share redemption program, as well as distributions to shareholders, citing the coronavirus (COVID-19) pandemic and its potential financial impact on the company.
