secwatch.observer — SEC 8-K summary
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Issuer:     Strawberry Fields REIT, Inc. (STRW)
CIK:        0001782430
Form:       8-K/A
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001493152-23-040070
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Strawberry Fields REIT completes $102M acquisition of 24 Indiana healthcare facilities
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- Purchase price of $102M, funded via $66M new bank facility, $19.2M Series D bonds at 9.1%, and working capital.
- Acquired 19 skilled nursing facilities (1,659 beds) and 5 assisted living facilities (193 beds) in Indiana.
- Pro forma combined rental revenue of $94.8M for 2022, up from $92.5M; net income slightly reduced due to interest.
- Tenants are affiliated with directors Moishe Gubin and Michael Blisko; master lease terms unchanged at $9.5M annual rent.
- Loan of $6.5M to sellers due within 60 days; closing occurred August 25, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1782430/000149315223040070/0001493152-23-040070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1782430/000149315223040070/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-040070

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