M&A
confidence high
sentiment neutral
materiality 0.60
Strawberry Fields REIT completes $24M acquisition of 6 Kansas healthcare facilities with 354 licensed beds
Strawberry Fields REIT, Inc.
- Purchase price $24M for 5 skilled nursing and 1 assisted living facilities (354 beds).
- Combined rental revenue: $2.358M (FY2024) and $1.321M (FY2023); revenue over certain expenses $2.146M and $1.136M.
- Pro forma adds $615K annual depreciation and $162K property taxes; master lease is triple-net, 10-year term with 2 five-year options.
- Closed Jan 2, 2025; funded via working capital including a $750K deposit.