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Strawberry Fields REIT Inc. (NYSE AMERICAN: STRW) Locks in 18th Facility in Missouri with New $5.3 Million Acquisition

  • Strawberry Fields REIT (the “Company”), a self-administered REIT, just locked in its 18th facility in Missouri with a $5.3 million acquisition
  • The facility is comprised of 108 nursing beds and 16 assisted living beds, bringing the Company’s total to over 15,500 beds covering 142 healthcare facilities in 10 states across the United States
  • The Company’s Management notes that the acquisition will increase its rents by $530,000, and is subject to 3% annual increases

Strawberry Fields REIT (NYSE: AMERICAN: STRW), a self-administered real estate investment trust engaged in the ownership, acquisition and leasing of skilled nursing and specific other healthcare-related properties, just locked in its 18th facility in Missouri with a $5.3 million acquisition. The facility, comprised of 108 skilled nursing beds and 16 assisted living beds, is part of Strawberry Fields’ mission to fulfill the growing need for qualified elder care facilities across the United States (https://ibn.fm/0zixu).

It is estimated that over the next two decades, the population aged 70 and above will become the country’s dominant age group. In addition, it is projected that by 2030, there will be 72 million older persons, more than twice their number in 2000 and up from 54 million in 2020. The Company…

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NOTE TO INVESTORS: The latest news and updates relating to STRW are available in the company’s newsroom at https://ibn.fm/STRW

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