M&A
confidence high
sentiment positive
materiality 0.65
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.