secwatch.observer — SEC 8-K summary
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Issuer:     Strawberry Fields REIT, Inc. (STRW)
CIK:        0001782430
Form:       8-K
Filed at:   2023-08-29T23:59:59+00:00
Accession:  0001493152-23-030422
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Strawberry Fields REIT acquires 24 Indiana healthcare facilities for $102M
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1782430/000149315223030422/0001493152-23-030422-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1782430/000149315223030422/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-030422

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