FAQ: Strawberry Fields REIT's $5.3 Million Missouri Facility Acquisition

What did Strawberry Fields REIT announce in this press release?

Strawberry Fields REIT announced the completion of a $5.3 million acquisition of a healthcare facility in Poplar Bluff, Missouri, consisting of 108 skilled nursing beds and 16 assisted living beds.

Where is the newly acquired facility located?

The facility is located in Poplar Bluff, Missouri, marking Strawberry Fields’ 18th facility in that state.

How much did the acquisition cost and what is the financial impact?

The acquisition cost $5.3 million and increases the company’s annual rents by $530,000 with 3% annual escalators.

Who is the tenant for this newly acquired facility?

The facility was added to an existing master lease with an affiliate of Reliant Care Group L.L.C.

What type of healthcare company is Strawberry Fields REIT?

Strawberry Fields REIT is a self-administered real estate investment trust that owns, acquires, develops, and leases skilled nursing and other healthcare-related properties.

How large is Strawberry Fields REIT’s overall portfolio?

The company’s portfolio includes 142 healthcare facilities with over 15,500 beds, comprising 130 skilled nursing facilities, 10 assisted living facilities, and two long-term acute care hospitals.

Where are Strawberry Fields REIT’s properties located?

Their properties are located in Arkansas, Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Oklahoma, Tennessee, and Texas.

Where can I find more information about Strawberry Fields REIT?

More information is available on the company’s website at https://www.strawberryfieldsreit.com/.

Where can I read the full press release?

The full press release can be viewed at https://ibn.fm/fkcIu.