May 3, 2018 Comments Off on Investors Seek $1.1B for Senior, Student Housing Assets Views: 800 California News, Orange County

Investors Seek $1.1B for Senior, Student Housing Assets

Ladera Ranch, CA-based Strategic Student & Senior Housing Trust, Inc. is seeking to raise up to $1.1 billion for a new company that will acquire housing for seniors and students. The company plans to focus acquisition efforts on off-campus, multi-unit student housing projects, as well as senior-care complexes from assisted-living homes to memory-care facilities.

The company will operate as a non-publicly traded REIT, buying income-producing assets nationwide. It already owns two student housing properties and three senior housing properties.

Strategic Student & Senior Housing Trust’s registration statement for an IPO of roughly $1.1 billion in shares of common stock was declared effective by the SEC. The public non-traded real estate investment trust is sponsored by SmartStop Asset Management, LLC.

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