secwatch.observer — SEC 8-K summary
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Issuer:     Strawberry Fields REIT, Inc. (STRW)
CIK:        0001782430
Form:       8-K/A
Filed at:   2025-02-07T23:59:59+00:00
Accession:  0001493152-25-005285
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1782430/000149315225005285/0001493152-25-005285-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1782430/000149315225005285/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-005285

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