Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2022

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III - Real Estate and Accumulated Depreciation

STRATEGIC STUDENT & SENIOR HOUSING TRUST, INC. AND SUBSIDIARIES

SCHEDULE III

December 31, 2022

			Initial Cost to Company				Gross Carrying Amount at December 31, 2022
Description	ST	Encumbrance	Land	Building and Improvements(2)	Total	Cost Capitalized Subsequent to Acquisition	Land	Building and Improvements(2)	Total (3)		Accumulated Depreciation (3)	Date of Construction	Date Acquired
Fayetteville	AR	$29,500,000	$4,903,000	$48,477,000	$53,380,000	$985,044	$4,903,000	$49,462,044	$54,365,044		$(9,744,660)	2016	6/28/2017
Wellington	UT	27,567,287	2,520,000	43,567,489	46,087,489	1,467,347	2,520,000	45,034,836	47,554,836		(6,751,813)	1999	2/23/2018
Cottonwood Creek	UT	8,965,682	3,026,000	12,327,209	15,353,209	811,771	3,026,000	13,138,980	16,164,980		(2,474,185)	1982	2/23/2018
Charleston	UT	8,506,691	763,000	11,533,180	12,296,180	294,552	763,000	11,827,732	12,590,732		(2,025,971)	2005	2/23/2018
Courtyard	OR	62,973,834	5,696,000	77,657,563	83,353,563	13,922,308	5,696,000	91,579,871	97,275,871		(12,422,505)	1992-2019	8/31/2018
Total		$137,513,494	$16,908,000	$193,562,441	$210,470,441	$17,481,022	$16,908,000	$211,043,463	$227,951,463	(1)	$(33,419,134)

(1)The aggregate cost of real estate for United States federal income tax purposes is $257,467,689.

(2)Building and improvements include land improvements and furniture, fixtures and equipment.

(3)Excludes corporate real estate facilities and related accumulated depreciation.

STRATEGIC STUDENT & SENIOR HOUSING TRUST, INC. AND SUBSIDIARIES

REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2022, 2021 and 2020

Activity in real estate facilities during 2022, 2021 and 2020 was as follows:

	2022			2021			2020
Real estate facilities
Balance at beginning of year	$	226,034,316		$	270,002,163		$	268,740,745
Additions - Student		211,583			203,195			187,673
Additions - Senior		1,760,655			878,873			1,073,745
Real estate reclassified to held for sale		—			(45,049,915	)		—
Balance at end of year	$	228,006,554		$	226,034,316		$	270,002,163
Accumulated depreciation
Balance at beginning of year	$	(26,070,030	)	$	(23,890,898	)	$	(15,243,833	)
Depreciation expense		(7,415,888	)		(8,674,660	)		(8,647,065	)
Accumulated depreciation reclassified to held for sale		—			6,495,528			—
Balance at end of year	$	(33,485,918	)	$	(26,070,030	)	$	(23,890,898	)
Construction in process
Balance at beginning of year	$	81,552		$	103,413		$	198,222
Additions		3,653,389			1,060,207			1,166,609
Assets placed into service		(1,972,238	)		(1,082,068	)		(1,261,418	)
Balance at end of year	$	1,762,703		$	81,552		$	103,413
Real estate held for sale, net	$	-		$	38,554,387		$	-
Real estate held for investment, net	$	196,283,339		$	200,045,838		$	246,214,678