Strawberry Fields REIT Expands Portfolio with New Facility Deal

Steady Growth for Strawberry Fields REIT
SOUTH BEND, Ind. – Strawberry Fields REIT, Inc. (NYSE AMERICAN: STRW) has recently made a significant move to bolster its portfolio by acquiring a skilled nursing and assisted living facility. This deal, valued at $5.3 million, involves a facility that features 108 skilled nursing beds and 16 assisted living beds.
Strategic Acquisition Details
The newly acquired facility is integrated into an existing Master Lease with an affiliate of Reliant Care Group L.L.C. This strategic acquisition is expected to generate an additional $530,000 in annual rents for the Company. As part of the agreement, annual rent increases by 3% are anticipated, ensuring a steady income stream for the Company.
Expanding Presence in Missouri
This acquisition represents Strawberry Fields REIT's 18th facility within the state. By consistently expanding its footprint, the Company is enhancing its ability to provide essential healthcare services through its properties.
Overview of Strawberry Fields REIT
Strawberry Fields REIT, Inc. specializes in the ownership, acquisition, and development of skilled nursing and healthcare-related properties. Its extensive portfolio currently includes approximately 142 healthcare facilities, encompassing more than 15,500 beds across various states, including Arkansas, Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Oklahoma, Tennessee, and Texas. Notably, the Company's facilities include 130 skilled nursing facilities, 10 assisted living facilities, and two long-term acute care hospitals.
Challenges and Opportunities Ahead
As with any investment in the healthcare sector, challenges remain. Market fluctuations and changes in healthcare regulations can impact operations and growth prospects. However, Strawberry Fields REIT’s commitment to quality and strategic growth positions it well to navigate these challenges successfully.
Contacting Investor Relations
Should you have any inquiries or require further information, you can contact the Investor Relations team at Strawberry Fields REIT, Inc. through email at IR@sfreit.com or call +1 (773) 747-4100 x422.
Frequently Asked Questions
What is the recent acquisition made by Strawberry Fields REIT?
The Company has acquired a skilled nursing and assisted living facility for $5.3 million featuring 108 skilled nursing beds and 16 assisted living beds.
How many facilities does Strawberry Fields REIT own?
Strawberry Fields REIT owns approximately 142 healthcare facilities across multiple states.
What is the expected annual rent increase from the acquisition?
The acquisition is expected to increase annual rents by $530,000, with a 3% yearly increase thereafter.
Who is the affiliate associated with the new acquisition?
The facility was added to a Master Lease with an affiliate of Reliant Care Group L.L.C.
Where can I find more information about Strawberry Fields REIT?
For more details, you can reach out to the Investor Relations team at IR@sfreit.com or call +1 (773) 747-4100 x422.
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