Strategic Student & Senior Housing Trust Acquires Three Assisted Living Communities in Salt Lake City

by Jeff Shaw

SALT LAKE CITY — Strategic Student & Senior Housing Trust Inc. has acquired a portfolio of three assisted living communities in Salt Lake City totaling 294 units. The seller and price were not disclosed.

The portfolio includes The Wellington, Cottonwood Creek and The Charleston at Cedar Hills. Although the operator was not named, all three communities appear on the website of California-based operator MBK Senior Living.

The Wellington features 119 units, Cottonwood Creek features 111 units and The Charleston features 64 units.

Jacob Gehl, Amy Sitzman, and Giancarlo Riso of Blueprint Healthcare Real Estate Advisors brokered the transaction.

Strategic Student & Senior Housing Trust Inc. is a private real estate investment trust sponsored by SmartStop Asset Management. This acquisition marks SmartStop’s first entry into the seniors housing space. The company specializes in self-storage assets.

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