Strawberry Fields closes $59M acquisition of 9 MO skilled nursing facilities

Strawberry Fields REIT, Inc.

Acquired nine skilled nursing facilities (686 beds) in Missouri for $59M; $2M paid via OP Units, remainder cash.
Eight facilities added to Tide Group master lease; annual rent increased by $5.5M with 3% escalator, new 10-year term.
Ninth facility added to Reliant Care Group master lease; annual rent increased by $0.6M with 3% escalator, new 15-year term.
Acquisition brings Company's Missouri total to 17 facilities; overall portfolio now 141 facilities with 15,400+ beds.

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