Strategic Student & Senior Housing Trust Sets New Share Value

Updated valuation reflects higher property appraisals and past special distributions to shareholders.

January 20, 2026

Updated Share Value Reflects Recent Appraisals

Strategic Student & Senior Housing Trust has recalibrated its share value. The updated net asset value per share comes in at $6.37, reflecting market conditions as of September 30, 2025. The board approved the figure on January 16, 2026, following a detailed valuation review led by its independent directors.

To support the process, the company brought in Kroll, a third-party appraisal firm, to assess the fair value of the Trust’s assets and liabilities. Kroll’s work focused on four senior housing properties, using a discounted cash flow approach to project income over time and apply appropriate market-based adjustments.

The result: those properties, which cost around $180.5 million to acquire and develop, now carry a combined midpoint appraised value of $209.6 million. The NAV calculation also factored in cash, receivables, and other assets totaling $12.7 million, offset by liabilities such as debt, distributions payable, and preferred equity totaling $138.8 million. That left the Trust with a net asset value of approximately $83.5 million. With just over 13.1 million fully diluted shares outstanding, the share value rounds out to $6.37—up slightly from $6.35 the year prior.

Past distributions were part of the equation as well. In December 2024, a special capital gain distribution of $0.24 per share was paid to investors following the sale of the Fayetteville property. That payout, along with previous distributions, brought the Trust’s total cash returns since inception to $14.6 million, or about $1.11 per share.

Methodology and Market Implications

To get here, the board relied on Kroll’s appraisal data as well as internal financial inputs. The discounted cash flow model used to value each property incorporated assumptions like rent growth, discount rates, and projected expenses—benchmarked against real-time market data in the senior housing space. Kroll also used sales comparisons to help validate its results, though the income method drove the final estimates.

As with any valuation, the Trust emphasized that its share value could shift over time. Property performance, broader economic shifts, and market dynamics all have an impact. The current NAV isn’t designed to reflect a liquidation scenario, resale price, or public market equivalent. It also doesn’t account for transaction costs or potential portfolio-level premiums or discounts.

That said, this number matters. It gives shareholders a current, supportable benchmark—based on independently sourced data and industry-standard methods. The Trust expects to refresh its NAV annually and will continue tracking changes across its portfolio as part of that process.

For now, the updated NAV provides investors with a clear view of where the Trust stands—and a transparent foundation for what comes next.