Strawberry Fields REIT, Inc. (STRW): M&A transaction — Strawberry Fields REIT completes $87.5M acquisition of 8 Missouri skilled nursing facilities

Strawberry Fields REIT, Inc.

Acquired eight facilities with 1,111 beds for $87.5M; $2.5M deposit paid earlier, balance at closing.
Facilities triple-net leased under a 15-year master lease (year 6) with annual rent of $8.9M.
Tenants have two 10-year renewal options; lease terms unchanged from prior arrangement.
Financing via third-party lender and working capital; marks entry into Missouri as a new state.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Strawberry Fields REIT, Inc. completed an acquisition involving GAHC4 Kansas City MO SNF, LLC, GAHC4 Salisbury MO SNF, LLC, GAHC4 Florissant MO SNF, LLC, GAHC4 Sedalia MO SNF, LLC, GAHC4 Milan MO SNF, LLC, GAHC4 Trenton MO SNF, LLC, GAHC4 Moberly MO SNF, LLC, GAHC4 St. Elizabeth MO SNF, LLC for $87,500,000 (closed 2024-12-19).

Action: acquisition
Counterparty: GAHC4 Kansas City MO SNF, LLC, GAHC4 Salisbury MO SNF, LLC, GAHC4 Florissant MO SNF, LLC, GAHC4 Sedalia MO SNF, LLC, GAHC4 Milan MO SNF, LLC, GAHC4 Trenton MO SNF, LLC, GAHC4 Moberly MO SNF, LLC, GAHC4 St. Elizabeth MO SNF, LLC
Consideration: $87,500,000
Closing: 2024-12-19

Exact text from the filing

The Company closed on the acquisition of the Facilities on December 19, 2024. At that time, such subsidiaries paid the remainder of the $87,500,000 purchase price

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Strawberry Fields REIT, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-050872

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