Strawberry Fields REIT Acquires Skilled Nursing Facility in Missouri
Strawberry Fields REIT, Inc. has completed the acquisition of a healthcare facility in Poplar Bluff, Missouri, for $5.3 million. The newly acquired property includes 108 skilled nursing beds and 16 assisted living beds.
This facility has been added to an existing master lease with an affiliate of Reliant Care Group L.L.C. The lease arrangement includes 3% annual increases. This acquisition represents Strawberry Fields REIT’s 18th facility purchase in the state of Missouri.
Strawberry Fields REIT, Inc. is a self-administered real estate investment trust focused on the ownership, acquisition, development, and leasing of skilled nursing and healthcare-related properties. The company’s expansive portfolio consists of 142 healthcare facilities, totaling over 15,500 beds across 10 states: Arkansas, Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Oklahoma, Tennessee, and Texas. The portfolio includes 130 skilled nursing facilities, 10 assisted living facilities, and two long-term acute care hospitals.
