The board of Strategic Student & Senior Housing Trust Inc., a publicly registered non-traded real estate investment trust sponsored by SmartStop Asset Management (SAM), has appointed Matt Lopez to serve as chief financial officer and treasurer of the company. Lopez replaces Michael Crear, who submitted his resignation last month.
Lopez currently serves as CFO and treasurer of affiliated non-traded REITs, Strategic Storage Trust IV and Strategic Storage Growth Trust II, positions he has held since January 2017 and July 2019, respectively. He previously held a similar capacity at SmartStop Self Storage REIT.
Lopez also served as controller of SAM, where he was assigned to the accounting, financial management, and SEC and regulatory reporting of certain sponsored programs. Lopez joined SmartStop Self Storage as a controller in November 2014 and served in the position until its merger with Extra Space Storage in October 2015. He held various positions at PricewaterhouseCoopers LLP, including audit senior manager from 2008 to 2014.
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.