m_and_a
confidence high
sentiment positive
materiality 0.70
Strawberry Fields REIT enters $59M agreement to acquire nine Missouri skilled nursing facilities
Strawberry Fields REIT, Inc.
- Purchase price $59M for 686 licensed beds across nine Missouri skilled nursing facilities.
- Eight facilities to be leased to Tide Group under a new 10-year master lease with $5.5M annual rent and 3% escalators.
- Ninth facility leased to Reliant Care Group under a 15-year master lease with $0.6M annual rent and 3% escalators.
- Closing expected by July 1, 2025; funded with working capital and third-party lender; $2M deposit paid.
- Acquisition adds $6.1M in annual base rent and resets lease expiration dates (10-year and 15-year terms).
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