Strawberry Fields REIT Expands Missouri Portfolio with $5.3 Million Healthcare Facility Acquisition

Strawberry Fields REIT, Inc. (NYSE AMERICAN: STRW) has completed the acquisition of a healthcare facility in Poplar Bluff, Missouri, for $5.3 million. The newly acquired property consists of 108 skilled nursing beds and 16 assisted living beds, representing a strategic expansion of the company's healthcare real estate portfolio.

The facility has been incorporated into an existing master lease agreement with Reliant Care Group L.L.C., a move that increases Strawberry Fields' annual rental income by $530,000. The lease agreement includes 3% annual escalators, providing predictable revenue growth for the real estate investment trust. This transaction represents the company's 18th facility in Missouri, further solidifying its presence in the state's healthcare real estate market.

Strawberry Fields REIT maintains a diverse portfolio of healthcare properties across multiple states. According to information available on https://www.strawberryfieldsreit.com/, the company's portfolio includes 142 healthcare facilities with more than 15,500 beds. These facilities are distributed across Arkansas, Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Oklahoma, Tennessee, and Texas, comprising 130 skilled nursing facilities, 10 assisted living facilities, and two long-term acute care hospitals.

The acquisition demonstrates the ongoing consolidation trend in the healthcare real estate sector, particularly in skilled nursing and assisted living facilities. For investors, this transaction highlights Strawberry Fields' continued growth strategy through strategic acquisitions that enhance rental income and expand their geographic footprint. The addition of $530,000 in annual rent with built-in escalators provides stable, growing revenue streams that support the REIT's dividend-paying capacity.

For the healthcare industry, transactions like this reflect the increasing institutional ownership of healthcare facilities, which can lead to improved facility standards and operational efficiencies. The growing portfolio of healthcare properties under professional management may contribute to better patient care environments through sustained investment in facility maintenance and upgrades.

The full details of this acquisition are available through the original press release at https://ibn.fm/fkcIu. This expansion move positions Strawberry Fields REIT to capitalize on the growing demand for skilled nursing and assisted living facilities driven by demographic trends, particularly the aging population in the United States.