Strawberry Fields REIT Completes Acquisition of Nine Healthcare Facilities Located in Missouri
Strawberry Fields REIT (NYSE AMERICAN:STRW) has completed the acquisition of nine skilled nursing facilities in Missouri for $59 million. The transaction adds 686 beds to the company's portfolio and was funded through cash and $2 million in OP Units.
Eight facilities were leased to The Tide Group, adding $5.5 million in annual rents with 3% yearly increases under a 10-year master lease. The ninth facility was leased to Reliant Care Group, contributing $0.6 million in annual rents under a 15-year master lease. This expansion brings STRW's Missouri presence to 17 skilled nursing facilities.
Strawberry Fields REIT (NYSE AMERICAN:STRW) ha completato l'acquisizione di nove strutture di assistenza infermieristica specializzata in Missouri per un valore di 59 milioni di dollari. L'operazione aggiunge 686 posti letto al portafoglio dell'azienda ed è stata finanziata tramite liquidità e 2 milioni di dollari in OP Units.
Otto strutture sono state concesse in locazione a The Tide Group, generando 5,5 milioni di dollari di affitti annuali con incrementi del 3% all'anno, secondo un contratto di locazione principale di 10 anni. La nona struttura è stata affittata a Reliant Care Group, apportando 0,6 milioni di dollari di affitti annuali con un contratto di locazione principale di 15 anni. Questa espansione porta la presenza di STRW in Missouri a 17 strutture di assistenza infermieristica specializzata.
Strawberry Fields REIT (NYSE AMERICAN:STRW) ha completado la adquisición de nueve instalaciones de enfermería especializada en Missouri por 59 millones de dólares. La transacción añade 686 camas a la cartera de la compañía y fue financiada mediante efectivo y 2 millones de dólares en unidades OP.
Ocho instalaciones fueron arrendadas a The Tide Group, aportando 5,5 millones de dólares en rentas anuales con incrementos del 3% anual bajo un contrato maestro de arrendamiento de 10 años. La novena instalación fue arrendada a Reliant Care Group, contribuyendo con 0,6 millones de dólares en rentas anuales bajo un contrato maestro de arrendamiento de 15 años. Esta expansión eleva la presencia de STRW en Missouri a 17 instalaciones de enfermería especializada.
Strawberry Fields REIT (NYSE AMERICAN:STRW)는 미주리주에 있는 9개의 전문 간호 시설을 총 5,900만 달러에 인수 완료했습니다. 이번 거래로 회사 포트폴리오에 686개의 병상이 추가되었으며, 현금과 200만 달러 상당의 OP 유닛으로 자금이 조달되었습니다.
8개 시설은 The Tide Group에 임대되어 연간 임대료 550만 달러를 창출하며, 10년 장기 마스터 리스 계약에 따라 매년 3%씩 인상됩니다. 9번째 시설은 Reliant Care Group에 임대되어 15년 장기 마스터 리스 계약 하에 연간 60만 달러의 임대료를 제공합니다. 이번 확장으로 STRW의 미주리 내 전문 간호 시설 수는 17개로 늘어났습니다.
Strawberry Fields REIT (NYSE AMERICAN:STRW) a finalisé l'acquisition de neuf établissements de soins infirmiers spécialisés dans le Missouri pour un montant de 59 millions de dollars. Cette opération ajoute 686 lits au portefeuille de la société et a été financée par des liquidités et 2 millions de dollars en unités OP.
Huit établissements ont été loués à The Tide Group, générant 5,5 millions de dollars de loyers annuels avec une augmentation annuelle de 3 % dans le cadre d'un bail principal de 10 ans. Le neuvième établissement a été loué à Reliant Care Group, apportant 0,6 million de dollars de loyers annuels sous un bail principal de 15 ans. Cette expansion porte la présence de STRW dans le Missouri à 17 établissements de soins infirmiers spécialisés.
Strawberry Fields REIT (NYSE AMERICAN:STRW) hat den Erwerb von neun Pflegeeinrichtungen in Missouri für 59 Millionen US-Dollar abgeschlossen. Die Transaktion fügt dem Portfolio des Unternehmens 686 Betten hinzu und wurde durch Bargeld sowie 2 Millionen US-Dollar in OP-Einheiten finanziert.
Acht der Einrichtungen wurden an The Tide Group vermietet, was jährliche Mieteinnahmen von 5,5 Millionen US-Dollar mit 3% jährlichen Steigerungen im Rahmen eines 10-jährigen Hauptmietvertrags einbringt. Die neunte Einrichtung wurde an Reliant Care Group vermietet und generiert 0,6 Millionen US-Dollar jährliche Mieteinnahmen unter einem 15-jährigen Hauptmietvertrag. Mit dieser Erweiterung erhöht sich STRWs Präsenz in Missouri auf 17 Pflegeeinrichtungen.
- Acquisition adds $6.1 million in combined annual rental income
- Long-term master leases with 3% annual rent increases
- Expansion of existing tenant relationships strengthens operational stability
- Strategic growth in Missouri market to 17 facilities
- Minimal dilution with only $2 million in OP Units issued
- Significant cash outlay of $59 million may impact available liquidity
- Concentration risk increases in Missouri market
Insights
Strawberry Fields REIT's $59M acquisition adds $6.1M in annual rent revenue with built-in 3% growth from long-term triple-net leases.
Strawberry Fields REIT has completed a $59 million acquisition of nine skilled nursing facilities in Missouri, encompassing 686 beds. The transaction's structure is notable - using cash reserves and issuing only $2 million in Operating Partnership units, suggesting strong liquidity position and minimal dilution to existing shareholders.
The financial implications are substantial. This acquisition immediately adds $6.1 million in annual rental income ($5.5 million from Tide Group and $0.6 million from Reliant) with contractual 3% annual escalators. This represents a 10.3% cap rate - an attractive yield in the current market.
The deal strengthens Strawberry Fields' portfolio fundamentals in several ways. First, it extends lease durations substantially - resetting to a fresh 10-year term with Tide Group (plus two 5-year options) and a 15-year term with Reliant (plus two 10-year options). These long-dated triple-net leases provide exceptional cash flow visibility. Second, it deepens relationships with established operators, reducing tenant risk.
Strategically, this acquisition demonstrates Strawberry Fields' focused geographic clustering approach, expanding their Missouri presence to 17 facilities. This regional concentration likely creates operational efficiencies and strengthens their market position. The transaction reinforces their specialized focus on skilled nursing facilities, a healthcare subsector with stable demand drivers due to aging demographics.
SOUTH BEND, IN / ACCESS Newswire / July 2, 2025 / (NYSE AMERICAN:STRW) Strawberry Fields REIT, Inc. (the "Company") today announced that it completed the acquisition of nine skilled nursing facilities, comprised of 686 beds, located in Missouri (the "Facilities") for
The Company completed the acquisition using cash on hand and the issuance of approximately
Eight of the facilities were leased to the Tide Group ("Tide") led by its founder and CEO Brian Ramos. The eight facilities were added to the master lease the Company entered into in August 2024. The master lease remained materially unchanged other than resetting the lease expiration for a new 10-year period and includes two 5-year tenant options. Additionally, this acquisition increased Tide's annual rents tied to its master lease by
The ninth facility was leased to an affiliate of Reliant Care Group L.L.C. ("Reliant"). The facility was added to the master lease the Company assumed in December 2024. The master lease remained materially unchanged other than resetting the lease expiration for a 15-year period and includes two 10-year tenant options. Additionally, this acquisition increased Reliant's annual rents by
Moishe Gubin, the Company's Chairman & CEO, noted: "I am excited that the Company has completed another sizeable acquisition in Missouri. With this acquisition, the Company will have 17 skilled nursing facilities in the State of Missouri and we continue to look for additional opportunities. I am also pleased to continue expanding our master lease relationships with existing tenants, including Brian Ramos and the Tide Group, as well as Rick and Nick DeStefane of Reliant Care Group."
About Strawberry Fields REIT
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 141 healthcare facilities with an aggregate of 15,400+ bed, located throughout the states of Arkansas, Illinois, Indiana, Kansas, Kentucky, Michigan, Missouri, Ohio, Oklahoma, Tennessee and Texas. The 141 healthcare facilities comprise 129 skilled nursing facilities, 10 assisted living facilities, and two long-term acute care hospitals.
Safe Harbor Statement
Certain statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Those forward-looking statements include all statements that are not historical statements of fact and those regarding our intent, belief or expectations, including, but not limited to, statements regarding: future financing plans, business strategies, growth prospects and operating and financial performance; expectations regarding the making of distributions and the payment of dividends; and compliance with and changes in governmental regulations.
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Investor Relations:
Strawberry Fields REIT, Inc.
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+1 (773) 747-4100 x422
SOURCE: Strawberry Fields REIT Inc.
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