SEC Approves Initial Public Offering for Strategic Student & Senior Housing Trust

LADERA RANCH, Calif. — The Securities and Exchange Commission (SEC) has allowed a new housing REIT, Strategic Student & Senior Housing Trust, to launch its $1.1 billion initial public offering.

The public, non-traded REIT will focus exclusively on student housing and seniors housing assets. SmartStop Asset Management, a Ladera Ranch-based company specializing in self-storage assets, sponsors the new REIT.

The REIT already made its first seniors housing acquisition in February, acquiring a portfolio of three assisted living communities in Salt Lake City totaling 294 units.