Strategic Student & Senior Housing Trust, Inc. 8-K

What Happened
Strategic Student & Senior Housing Trust, Inc. (STSR) filed an 8‑K on January 16, 2026 announcing that its Board unanimously approved an estimated net asset value (Estimated Per Share NAV) of $6.37 per share for its Class A, T, W, Y and Z shares, calculated as of September 30, 2025. The Board adopted a valuation range provided by independent appraiser Kroll, LLC of $5.64 to $7.14 with a midpoint of $6.37. Kroll performed desktop appraisals of the Company’s four senior housing properties using a discounted cash flow approach (weighted-average terminal cap rate ~7.09%, discount rate ~8.59%). The total appraised midpoint value of the properties was $209.6 million (vs. aggregate purchase/development cost of ~$180.5 million), resulting in a company NAV of $83.51 million based on 13,116,478 fully diluted shares.

Key Details

• Estimated Per Share NAV: $6.37 per share (range $5.64–$7.14; midpoint $6.37); valuation date Sept. 30, 2025; Board approval Jan. 16, 2026.
• Appraisals and advisor: Kroll, LLC engaged; appraisals prepared under USPAP/IPA Guidelines using discounted cash flow analysis.
• Portfolio and NAV math: Senior housing properties appraised at $209.6M; total NAV $83.51M; fully diluted shares 13,116,478.
• Historical distributions: Total cash distributions from inception through Sept. 30, 2025 ≈ $14.6M (≈ $1.11 per common share).

Why It Matters
This Estimated Per Share NAV provides a current, board‑approved reference value that broker‑dealers and fiduciaries can use for FINRA and ERISA reporting and customer statements. It does not replace audited GAAP values, is not a liquidation value, and is based on assumptions (DCF inputs, cap rates, discount rates) that can change; the Company cautions investors it may not reflect the price shares would fetch in a market sale or what a different appraiser would conclude. Investors should view this as a non‑audited, point‑in‑time estimate useful for reporting and comparison, not a guarantee of future trading or liquidation price.