Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2025

Summary of Estimated Useful Lives of Real Property Assets

Depreciation of our real property assets is charged to expense on a straight-line basis over the estimated useful lives as follows:


Description		Standard Depreciable Life
Land		Not Depreciated
Buildings		40 years
Site Improvements		7 to 10 years

Summary of Fixed Rate Debt Payable

The table below summarizes the carrying amounts and fair values of fixed rate debt instruments that are not carried at fair value as of March 31, 2025 and December 31, 2024. The estimated fair value of financial instruments is subjective in nature and is dependent on a number of important assumptions, including discount rates and relevant comparable market information associated with each financial instrument. The fair value of our fixed and variable rate debt was estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities (categorized within Level 2 of the fair value hierarchy). The use of different market assumptions and estimation methodologies may have a material effect on the reported estimated fair value amounts. As of March 31, 2025 and December 31, 2024, we did not have any variable rate debt.


	March 31, 2025				December 31, 2024
	Fair Value		Carrying Value		Fair Value		Carrying Value
Fixed Rate Secured Debt	$	101,400,000	$	104,124,913	$	100,500,000	$	104,596,224

Schedule of Temporary Differences to Deferred Tax Effects

The major sources of temporary differences that give rise to the deferred tax effects are shown below:


	March 31, 2025			December 31, 2024
Deferred tax liabilities:
Depreciation timing differences	$	(95,340	)	$	(74,197	)
Other		—			—
Total deferred tax liability		(95,340	)		(74,197	)

Deferred tax assets:
Net operating loss carryovers		7,009,688			6,826,688
Other		285,513			278,136
Total deferred tax assets		7,295,201			7,104,824

Valuation allowance (1)		(7,199,861	)		(7,030,627	)

Net deferred tax assets	$	—		$	—

(1)

Full valuation allowance was applied as the recoverability of such net deferred tax assets was less than more likely than not.

Strategic Student & Senior Housing Trust, Inc. 10-Q