Walton Street Capital, L.L.C. and Strategic Asset Management I, LLC executed a purchase and sale agreement to acquire Student Housing Property Located in Fayetteville, Arkansas from Strategic Student & Senior Housing Trust, Inc. for $63 million.
December 01, 2023
Share
Walton Street Capital, L.L.C. and Strategic Asset Management I, LLC executed a purchase and sale agreement to acquire Student Housing Property Located in Fayetteville, Arkansas from Strategic Student & Senior Housing Trust, Inc. for $63 million on November 27, 2023. In addition, it is expected that a SAM affiliate will serve as the property manager of the Fayetteville Property on behalf of the Joint Venture. Transaction is expected to close on January, 2024.
Steven L. Kennedy of Seyfarth Shaw LLP acted as legal advisor to Strategic Asset Management I, LLC and Michael Baum of Greenberg Traurig, LLP acted as legal advisor to Walton Street Capital, L.L.C.
Strategic Student & Senior Housing Trust, Inc. owns student housing and senior housing properties. The Company relies on third party property managers and senior living operators for such responsibilities. In addition, its affiliated property manager provides oversight services with respect to such third party property managers and senior living operators. Its student housing property portfolio includes Fayetteville. The Company's senior housing property portfolio includes Wellington, Cottonwood Creek, Charleston and Courtyard. Its student housing property is managed by a third-party student housing property manager. The Company's senior housing properties are managed by a third-party senior living operator. The Company's property manager is SSSHT Property Management, LLC, and its advisor is SSSHT Advisor, LLC.
Walton Street Capital, L.L.C. and Strategic Asset Management I, LLC executed a purchase and sale agreement to acquire Student Housing Property Located in Fayetteville, Arkansas from Strategic Student & Senior Housing Trust, Inc. for $63 million.
marketscreener.com**derivatives**en**/dynamic-chart/**Premium**Expert**Access**Annual**Monthly**-40% Limited Time Offer: Our subscriptions help you unlock hidden opportunities.**#000000**/services/solutions/**#fff826**#ff3000**#ffffff**BENEFIT NOW**0**linear-gradient(180deg, rgba(42,73,76,1) 0%, rgba(28,30,51,1) 53%);**linear-gradient(180deg, rgba(255, 248, 38,1) 0%, rgba(247, 239,1) 53%);**date_fin_hors_prolongation**49**on all our subscriptions**
STRATEGIC STUDENT & SENIOR HOUSING TRUST, INC. 