---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-030422"
form_type: "8-K"
ticker: "STRW"
cik: "0001782430"
company_name: "Strawberry Fields REIT, Inc."
filed_at: "2023-08-29T23:59:59+00:00"
generated_at: "2026-06-11T02:27:41.460904+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Strawberry Fields REIT acquires 24 Indiana healthcare facilities for $102M

## Summary
- Acquired 24 facilities (19 skilled nursing, 5 assisted living) for $102M on Aug 25, 2023.
- Financed with $66M mortgage from Popular Bank (SOFR+3.5%, 5yr, interest-only 12 months) and cash.
- Made $6.5M unsecured loan to sellers, due 60 days, 10% interest after 30 days, fully guaranteed.
- Portfolio grew from 79 to 103 properties; annualized base rent rose from $84.2M to $96.9M.
- Indiana Facilities leased to tenants affiliated with directors Gubin & Blisko; related-party rent now 67.1%.

## SEC filing metadata
- accession: 0001493152-23-030422
- form_type: 8-K
- ticker: STRW
- cik: 0001782430
- company_name: Strawberry Fields REIT, Inc.
- filed_at: 2023-08-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1782430/000149315223030422/0001493152-23-030422-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1782430/000149315223030422/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-030422
- JSON: https://secwatch.observer/filing/0001493152-23-030422.json
- Plain text: https://secwatch.observer/filing/0001493152-23-030422.txt

## Key facts
- M&A Transactions
  Strawberry Fields REIT, Inc. completed an acquisition involving WC-Castleton LLC, WC-Chesterfield LLC, WC-Columbia City LLC, WC-Dunkirk LLC, WC-Fort Wayne LLC, WC-Hartford City LLC, WC-Hobart LLC, WC-Huntington LLC, WC-Lagrange LLC, WC-Middletown LLC, WC-Peru LLC, WC-Rockport LLC, WC-Rushville LLC, WC-Sullivan LLC, WC-Syracuse LLC, WC-Tipton LLC, WC-Wabash LLC a for $102.0 million (closed 2023-08-25).
  - Action: acquisition
  - Counterparty: WC-Castleton LLC, WC-Chesterfield LLC, WC-Columbia City LLC, WC-Dunkirk LLC, WC-Fort Wayne LLC, WC-Hartford City LLC, WC-Hobart LLC, WC-Huntington LLC, WC-Lagrange LLC, WC-Middletown LLC, WC-Peru LLC, WC-Rockport LLC, WC-Rushville LLC, WC-Sullivan LLC, WC-Syracuse LLC, WC-Tipton LLC, WC-Wabash LLC a
  - Consideration: $102.0 million
  - Closing: 2023-08-25
  source text: LLC (collectively, the “ Sellers ”). The Purchase and Sale Agreement provided for the purchase of 24 healthcare facilities located in Indiana (the “ Indiana Facilities ”) for $102.0 million. The Indiana Facilities are comprised of 19 skilled nursing facilities with 1,659 licensed beds and five assisted living facilities with 193 beds, of which 29 beds are licensed.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1782430/000149315223030422/0001493152-23-030422-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.