Strawberry Fields REIT, Inc. (NYSE AMERICAN: STRW) has expanded its healthcare real estate portfolio with a $59 million acquisition of nine skilled nursing facilities in Missouri. This strategic move, finalized on May 22, 2025, involves properties totaling 686 licensed beds, enhancing the company's presence in the healthcare sector.
The acquisition is financed through a mix of the company's working capital and third-party lending, reflecting Strawberry Fields REIT's approach to growth. Eight facilities will be leased to the Tide Group under a master lease agreement for a new 10-year term, expected to generate $5.5 million in annual rent with a 3% yearly increase. The ninth facility will be leased to a Reliant Care Group affiliate under a 15-year term, adding $0.6 million annually, also with a 3% increase.
Projected to close by July 1, 2025, this deal underscores Strawberry Fields REIT's commitment to the healthcare real estate sector and its strategic growth objectives, further establishing its industry leadership.
