Strawberry Fields REIT completes $87.5M acquisition of 8 Missouri skilled nursing facilities

Strawberry Fields REIT, Inc.

Acquired 8 skilled nursing facilities (1,111 licensed beds) for $87.5M; closed Dec 19, 2024.
Funded with $35M equity follow-on, $59M new debt (SOFR+3%, 5-yr maturity), and $2.5M deposit.
Acquired properties generated $8.5M (2023) and $6.6M (9M 2024) rental revenue with minimal expense.
Pro forma combined net income would have been $21.1M (9M 2024) and $21.6M (FY 2023) if acquisition occurred Jan 1, 2023.
Properties are triple-net leased under a 15-yr master lease (6th yr) with two 10-yr renewal options.

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