FAQ: Strawberry Fields REIT's $5.3 Million Missouri Facility Acquisition
Summary
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, and this acquisition marks Strawberry Fields’ 18th facility in that state.
How much does this acquisition add to Strawberry Fields’ annual rental income?
The acquisition increases the company’s annual rents by $530,000 with 3% annual escalators, as it was added to an existing master lease with Reliant Care Group L.L.C.
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., which is the tenant operator.
What type of healthcare properties does Strawberry Fields REIT specialize in?
Strawberry Fields REIT is engaged in the ownership, acquisition, development and leasing of skilled nursing and certain other healthcare-related properties, including skilled nursing facilities, assisted living facilities, and long-term acute care hospitals.
How large is Strawberry Fields REIT’s overall portfolio?
The company’s portfolio includes 142 healthcare facilities with over 15,500 beds, located across 10 states including Arkansas, Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Oklahoma, Tennessee and Texas.
Where can I find more information about Strawberry Fields REIT?
For more information, visit the company’s website at https://www.strawberryfieldsreit.com/ or view the full press release at https://ibn.fm/fkcIu.
What is the significance of this acquisition for Strawberry Fields REIT?
This acquisition expands Strawberry Fields’ presence in Missouri to 18 facilities and generates significant additional rental income with built-in annual escalators, contributing to the company’s growth and portfolio diversification.
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