Strawberry Fields REIT, Inc. announced that it completed the acquisition of a facility comprised of 108 skilled nursing beds and 16 assisted living beds for $5.3 million, located in Poplar Bluff, Missouri.
The facility was added to an existing master lease with an affiliate of Reliant Care Group L.L.C. The acquisition is subject to 3% annual increases and marks the company’s 18th facility purchase in Missouri.
Strawberry Fields REIT, Inc., is a self-administered real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing and certain other healthcare-related properties. The company’s portfolio includes 142 healthcare facilities with an aggregate of more than 15,500 beds, located throughout Arkansas, Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Oklahoma, Tennessee and Texas. The 142 healthcare facilities comprise 130 skilled nursing facilities, 10 assisted living facilities, and two long-term acute care hospitals.
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