Strawberry Fields REIT Enters Into Agreement For Nine Healthcare Facilities Located In Missouri
Strawberry Fields REIT (NYSE AMERICAN:STRW) has entered into a Purchase and Sale Agreement to acquire nine healthcare facilities in Missouri for $59 million. The facilities comprise 686 licensed beds and will be funded through working capital and third-party lending.
Eight facilities will be leased to The Tide Group, adding $5.5 million in annual rents with 3% yearly increases under a 10-year lease with two 5-year extension options. The ninth facility will be leased to Reliant Care Group, contributing $0.6 million in annual rents with 3% yearly increases under a 15-year lease with two 10-year extension options. The transaction is expected to close by July 1, 2025.
Strawberry Fields REIT (NYSE AMERICAN:STRW) ha stipulato un Accordo di Acquisto e Vendita per acquisire nove strutture sanitarie in Missouri per 59 milioni di dollari. Le strutture comprendono 686 posti letto autorizzati e saranno finanziate tramite capitale circolante e prestiti da terzi.
Otto strutture saranno concesse in locazione a The Tide Group, generando 5,5 milioni di dollari di affitti annuali con incrementi del 3% ogni anno, nell'ambito di un contratto di locazione di 10 anni con due opzioni di rinnovo di 5 anni ciascuna. La nona struttura sarà locata a Reliant Care Group, con un contributo di 0,6 milioni di dollari di affitti annuali e aumenti del 3% annui, secondo un contratto di locazione di 15 anni con due opzioni di rinnovo di 10 anni ciascuna. La transazione dovrebbe concludersi entro il 1° luglio 2025.
Strawberry Fields REIT (NYSE AMERICAN:STRW) ha firmado un Acuerdo de Compra y Venta para adquirir nueve instalaciones de salud en Missouri por 59 millones de dólares. Las instalaciones comprenden 686 camas autorizadas y se financiarán mediante capital de trabajo y préstamos de terceros.
Ocho instalaciones serán arrendadas a The Tide Group, aportando 5,5 millones de dólares en rentas anuales con incrementos del 3% anual bajo un contrato de arrendamiento de 10 años con dos opciones de extensión de 5 años cada una. La novena instalación será arrendada a Reliant Care Group, contribuyendo con 0,6 millones de dólares en rentas anuales con aumentos del 3% anual bajo un contrato de arrendamiento de 15 años con dos opciones de extensión de 10 años cada una. Se espera que la transacción se cierre antes del 1 de julio de 2025.
Strawberry Fields REIT (NYSE AMERICAN:STRW)는 미주리 주에 위치한 9개의 의료 시설을 5,900만 달러에 인수하기 위한 매매 계약을 체결했습니다. 이 시설들은 686개의 허가된 병상으로 구성되며, 운전자본과 제3자 대출을 통해 자금이 조달될 예정입니다.
여덟 개 시설은 The Tide Group에 임대되어 연간 550만 달러의 임대료를 발생시키며, 10년 임대 계약에 따라 매년 3%씩 인상되며 5년씩 두 차례 연장 옵션이 포함되어 있습니다. 아홉 번째 시설은 Reliant Care Group에 임대되어 연간 60만 달러의 임대료를 발생시키고, 15년 임대 계약에 따라 매년 3%씩 인상되며 10년씩 두 차례 연장 옵션이 포함되어 있습니다. 거래는 2025년 7월 1일까지 마무리될 예정입니다.
Strawberry Fields REIT (NYSE AMERICAN:STRW) a conclu un accord d'achat pour acquérir neuf établissements de santé dans le Missouri pour 59 millions de dollars. Ces établissements comprennent 686 lits agréés et seront financés par des fonds de roulement et des prêts tiers.
Huit établissements seront loués à The Tide Group, générant 5,5 millions de dollars de loyers annuels avec des augmentations annuelles de 3% dans le cadre d'un bail de 10 ans avec deux options de renouvellement de 5 ans chacune. Le neuvième établissement sera loué à Reliant Care Group, apportant 0,6 million de dollars de loyers annuels avec des augmentations annuelles de 3% dans le cadre d'un bail de 15 ans avec deux options de renouvellement de 10 ans chacune. La transaction devrait être finalisée d'ici le 1er juillet 2025.
Strawberry Fields REIT (NYSE AMERICAN:STRW) hat einen Kauf- und Verkaufsvertrag zum Erwerb von neun Gesundheitseinrichtungen in Missouri für 59 Millionen US-Dollar abgeschlossen. Die Einrichtungen umfassen 686 lizenzierte Betten und werden durch Betriebskapital und Fremdfinanzierung finanziert.
Acht Einrichtungen werden an The Tide Group vermietet, was jährliche Mieteinnahmen von 5,5 Millionen US-Dollar mit 3% jährlichen Steigerungen unter einem 10-Jahres-Mietvertrag mit zwei Verlängerungsoptionen von jeweils 5 Jahren bringt. Die neunte Einrichtung wird an Reliant Care Group vermietet, was 0,6 Millionen US-Dollar jährliche Mieteinnahmen mit 3% jährlichen Steigerungen unter einem 15-Jahres-Mietvertrag mit zwei Verlängerungsoptionen von jeweils 10 Jahren einbringt. Der Abschluss der Transaktion wird bis zum 1. Juli 2025 erwartet.
- Acquisition of 686 licensed beds across nine healthcare facilities for $59 million
- Additional $6.1 million in combined annual rental income
- Secured long-term leases with 3% annual rent increases
- Strategic expansion in Missouri healthcare market
- Significant capital expenditure requiring third-party financing
- Closing uncertainty and potential risks in transaction completion
- Dependency on two major tenants for facility operations
SOUTH BEND, IN / ACCESS Newswire / May 28, 2025 / (NYSE AMERICAN:STRW) On May 22, 2025, Strawberry Fields REIT, Inc. (the "Company") entered into a Purchase and Sale Agreement with an unaffiliated seller with respect to nine Healthcare Facilities located in Missouri (the "Facilities"). The purchase price for the Facilities, including certain consulting fees, is
The nine skilled nursing facilities are comprised of 686 licensed beds.
The Company plans to pay the purchase price utilizing the Company's current working capital and funds provided by a third-party lender.
Eight of the facilities will be leased to the Tide Group ("Tide") led by its founder and CEO Brian Ramos. The eight facilities will be added to the master lease the Company entered into in August 2024. The master lease will remain materially unchanged other than resetting the lease expiration for a new 10-year period and includes two 5-year tenant options. Additionally, the lease will increase the Company's annual rents by
The ninth facility will be leased to an affiliate of Reliant Care Group L.L.C. ("Reliant"). The facility will be added to the master lease the Company assumed in December 2024. The master lease will remain materially unchanged other than resetting the lease expiration for a 15-year period and includes two 10-year tenant options. Additionally, the lease will increase the Company's annual rents by
The Company anticipates closing the on or before July 1, 2025; however, we can give no assurance that the closing will occur within this timeframe, or at all.
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 132 healthcare facilities with an aggregate of 14,750+ bed, located throughout the states of Arkansas, Illinois, Indiana, Kansas, Kentucky, Michigan, Missouri, Ohio, Oklahoma, Tennessee and Texas. The 132 healthcare facilities comprise 120 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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Forward-looking statements speak only as of the date of this press release. Except in the normal course of our public disclosure obligations, we expressly disclaim any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any statement is based.
Investor Relations:
Strawberry Fields REIT, Inc.
IR@sfreit.com
+1 (773) 747-4100 x422
SOURCE: Strawberry Fields REIT Inc.
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FAQ
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