John Strockis
About John Strockis
John Strockis (age 67) is Chief Executive Officer and President of Strategic Student & Senior Housing Trust, Inc. (STSR). He has served as CEO since March 2022, President since July 2019, previously Chief Investment Officer (Feb 2018–Mar 2022), and SVP–Acquisitions from formation (2016) to Feb 2018 . He holds a B.A. in Economics from UCLA and has 30+ years in commercial real estate, including 24 years at CBRE where he led a national acquisition effort closing over $2 billion of transactions and oversaw a distressed asset portfolio of 7 million square feet in prior roles . STSR’s shares are not exchange-listed, so TSR is not disclosed; operationally, revenue and EBITDA improved in FY2024 versus FY2023, and net income swung to a profit in FY2024 after a loss in FY2023 (see Performance & Track Record) .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| STSR | Chief Executive Officer | Mar 2022 – present | Executive leadership of STSR |
| STSR | President | Jul 2019 – present | Executive leadership of STSR |
| STSR | Chief Investment Officer | Feb 2018 – Mar 2022 | Led investment function |
| STSR | SVP – Acquisitions | 2016 – Feb 2018 | Acquisition leadership |
External Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| SSSHT Advisor, LLC (Advisor) | Chief Executive Officer | Apr 2022 – present | Directly responsible for non-self storage commercial acquisitions (student & senior housing) |
| SSSHT Advisor, LLC (Advisor) | Chief Investment Officer | Jul 2019 – Apr 2022 | Investment leadership |
| SSSHT Advisor, LLC (Advisor) | SVP – Acquisitions | Oct 2016 – Jul 2019 | Acquisition leadership |
| Strategic Asset Management I, LLC (Sponsor) | President & Chief Investment Officer | President since Apr 2022; CIO since Jul 2019 | Oversees non-self storage acquisitions |
| Sunwest Bank | Director; Audit, Compensation & Directors Investment Committees | Jan 2011 – Jun 2018 | Board oversight, multiple committees |
| MarWest Commercial Real Estate Services | President then CEO | Mar 2011 – Aug 2014 | Led company through sale to FirstService Residential |
| Voit Real Estate Services | Executive Managing Director | Apr 2009 – Mar 2011 | Oversaw 7M sq ft distressed asset portfolio |
| ScanlanKemperBard | Senior VP – Acquisitions | Mar 2008 – Dec 2008 | Value-add acquisitions in Western U.S. |
| CBRE / CBRE Global Investors | Senior roles; Senior Director of Acquisitions | ~1984 – 2008 (24 years) | Led national acquisitions; closed >$2B transactions |
| Orange County brokerage firm | Executive Managing Director | Aug 2014 – May 2016 | Brokerage leadership |
Fixed Compensation
| Component | 2024 policy/disclosure | Notes |
|---|---|---|
| Base salary, target bonus, actual bonus, benefits | Not paid directly by STSR; executive officers are compensated by the external Advisor | STSR states it does not directly compensate executive officers and has no executive compensation program while externally advised |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Executive incentive plan (CEO) | — | — | — | — | — |
STSR discloses no company-paid performance plan or executive incentive metrics while externally advised; any such arrangements would be with the Advisor and are not disclosed by STSR .
Equity Ownership & Alignment
| Item | Value |
|---|---|
| Total beneficial ownership (shares) | 0 shares as of Mar 31, 2025 |
| Ownership % of shares outstanding | 0.0% as of Mar 31, 2025 |
| Vested vs. unvested stock | Not disclosed for executive officers |
| Stock options (exercisable/unexercisable) | Not disclosed for executive officers |
| Shares pledged as collateral | Not disclosed |
| Insider trading policy | Adopted; governs director/officer trading |
| Hedging policy | No hedging policy in place for employees, officers, directors |
| Stock ownership guidelines (executives) | Not disclosed |
| Note on director equity | Restricted stock grants and vesting schedules apply to independent directors under the Long-Term Incentive Plan; not to executive officers |
Employment Terms
| Term | Detail |
|---|---|
| Employment start (with company) | 2016 (period with Company from 10/2016 – present) |
| CEO since | March 2022 |
| President since | July 2019 |
| Employment agreement | Not disclosed by STSR (no Item 5.02 terms for CEO in proxy; executives are Advisor personnel) |
| Severance / termination | Not disclosed by STSR |
| Change-of-control (CoC) provisions | Not disclosed for executive officers by STSR |
| Clawback provisions | Not disclosed for executive officers by STSR |
| Non-compete / non-solicit | Not disclosed by STSR |
Performance & Track Record
| Metric (USD) | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|
| Revenue | $34,270,414* | $30,055,980* | $32,592,265* | $34,927,831* |
| EBITDA | $6,832,920* | $4,750,152* | $4,616,313* | $5,097,194* |
| Net Income | $(9,307,788)* | $722,388* | $(9,732,297)* | $19,265,565* |
Values retrieved from S&P Global.*
Additional context:
- STSR has no securities listed on a national exchange (limits TSR disclosure/measurement) .
- Biography highlights: led >$2B acquisitions at CBRE and oversaw 7M sq ft distressed assets in a prior role, signaling extensive transaction and turnaround experience .
Compensation Committee Analysis
- Committee scope limited to director compensation and administering the Long-Term Incentive Plan; executive officers are externally employed and not directly compensated by STSR .
- Committee composed of independent directors (Brent Chappell, Chair; Stephen G. Muzzy); two meetings in 2024 .
- No Compensation Discussion & Analysis required; company not subject to Item 402(b) and does not maintain an executive compensation program while externally advised .
- No say-on-pay proposal at the 2025 meeting; only director elections and auditor ratification were on the ballot .
Say-on-Pay & Shareholder Feedback
| 2025 Annual Meeting Item | Result |
|---|---|
| Director elections (3 nominees) | All nominees elected; votes for: Schwartz 6,266,229; Chappell 6,291,388; Muzzy 6,297,599; withholds as shown |
| Auditor ratification (BDO USA, P.C.) | For 6,313,626; Against 301,368; Abstain 476,348 |
Related Party & Alignment Considerations
- STSR is externally advised by SSSHT Advisor, LLC; executives (including CEO) hold roles at the Advisor/Sponsor, presenting structural conflicts typical of externally advised REITs .
- Advisor economics include: 0.8% annual asset management fee; contingent acquisition fees payable only after investors receive invested capital plus 6% (1%) and 13% (additional 2%) cumulative non-compounded annual returns; various oversight/management fees; and potential subordinated distributions upon liquidity events — incentives that may not mirror per-share TSR .
- Affiliate transactions and fee reimbursements are detailed in proxy (e.g., asset management, oversight, transfer agent transition); reviewed by independent directors .
Investment Implications
- Pay-for-performance alignment: STSR does not disclose CEO salary/bonus/equity because executives are Advisor employees; there is no company-level executive incentive framework or CD&A, limiting transparency into the CEO’s cash/equity incentives and their linkage to STSR performance .
- Ownership alignment: As of Mar 31, 2025, John Strockis beneficially owns zero STSR shares (0.0%), and STSR has no hedging policy; taken together with the external-advisor structure, alignment relies more on Advisor economics than direct equity ownership by the CEO — a potential red flag for investors who prioritize insider “skin-in-the-game” .
- Retention risk: Employment, severance, and CoC terms are not disclosed by STSR; given executives are Advisor personnel, retention hinges on Advisor arrangements, which are outside STSR’s disclosed purview .
- Structural incentives: Advisor fee structure blends fixed asset-based fees with contingent acquisition and potential subordinated distributions tied to investor return thresholds. While hurdles (6% and 13% cumulative non-compounded returns) provide some alignment, asset-based fees and governance complexity can create incentives divergent from per-share value maximization if not closely overseen by independent directors .
- Execution backdrop: Financials show FY2024 improvements in revenue/EBITDA and a swing to positive net income versus FY2023, against a non-listed capital structure that limits public-market TSR benchmarking (see Performance & Track Record) .