---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-028455"
form_type: "8-K"
ticker: "STRW"
cik: "0001782430"
company_name: "Strawberry Fields REIT, Inc."
filed_at: "2025-12-19T23:59:59+00:00"
generated_at: "2026-05-16T12:37:06.754933+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Strawberry Fields updates risk factors emphasizing related-party tenant concentration and balloon debt maturities

## Summary
- As of Sep 30, 2025, 66 facilities leased to affiliates of CEO Moishe Gubin and director Michael Blisko; 46.5% of annualized base rent concentrated.
- 15 master leases account for 88.7% of annualized base rent; four master leases are with Gubin/Blisko affiliates.
- Series A, C, D Bonds balloon payments due 2026; Series B Bonds due 2029; term loans balloon in 2027-2029.
- Company has only 9 full-time employees; loss of key personnel (Gubin, CFO Flamion, CIO Bajtner) could materially affect operations.
- About 91.5% of annualized base rent from skilled nursing facilities, exposing the company to healthcare reimbursement risk.

## SEC filing metadata
- accession: 0001493152-25-028455
- form_type: 8-K
- ticker: STRW
- cik: 0001782430
- company_name: Strawberry Fields REIT, Inc.
- filed_at: 2025-12-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1782430/000149315225028455/0001493152-25-028455-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1782430/000149315225028455/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-028455
- JSON: https://secwatch.observer/filing/0001493152-25-028455.json
- Plain text: https://secwatch.observer/filing/0001493152-25-028455.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.