Strawberry Fields REIT, Inc. has completed a $5.3 million acquisition of a healthcare facility in Poplar Bluff, Missouri, adding 108 skilled nursing beds and 16 assisted living beds to its expanding portfolio. The transaction represents the company's 18th facility in Missouri and has been incorporated into an existing master lease with Reliant Care Group L.L.C., generating an additional $530,000 in annual rents with 3% annual escalators. This strategic move demonstrates the company's focus on expanding its healthcare property holdings in key markets.
The acquisition contributes to Strawberry Fields REIT's growing presence in the healthcare real estate sector, which has shown resilience and growth potential amid changing demographic trends. As a self-administered real estate investment trust, the company specializes in the ownership, acquisition, development, and leasing of skilled nursing and healthcare-related properties. The company's portfolio now comprises 142 healthcare facilities with over 15,500 beds across ten states, including Arkansas, Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Oklahoma, Tennessee, and Texas.
The portfolio includes 130 skilled nursing facilities, 10 assisted living facilities, and two long-term acute care hospitals, positioning Strawberry Fields REIT as a significant player in the healthcare real estate market. For more information about the company's operations and portfolio, visit https://www.strawberryfieldsreit.com/. The transaction's financial implications extend beyond the immediate rental income increase, as the 3% annual escalators provide built-in revenue growth that helps protect against inflation and market fluctuations.
This acquisition strategy aligns with the company's broader objective of building a diversified and sustainable healthcare property portfolio that can generate stable returns for investors while serving the growing healthcare needs of aging populations across multiple states. The consistent expansion through strategic acquisitions demonstrates the company's commitment to capitalizing on the long-term demographic trends driving demand for healthcare services and facilities throughout its operating regions.
