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, marking the company's 18th facility in the state. 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. This transaction has been incorporated into an existing master lease with an affiliate of Reliant Care Group L.L.C., resulting in an immediate increase of $530,000 in annual rental income for the REIT.

The acquisition demonstrates Strawberry Fields REIT's continued growth strategy in the healthcare property sector, particularly in Missouri where the company has established a significant presence. The 3% annual rent escalators built into the lease agreement provide predictable revenue growth and protection against inflation, enhancing the long-term financial stability of the investment. This transaction aligns with the company's focus on acquiring income-producing healthcare properties in strategic markets.

Strawberry Fields REIT maintains a diversified portfolio of 142 healthcare facilities across ten states, totaling more than 15,500 beds. The portfolio includes 130 skilled nursing facilities, 10 assisted living facilities, and two long-term acute care hospitals, positioning the company as a significant player in the healthcare real estate investment trust sector. The company's website at https://www.strawberryfieldsreit.com/ provides additional information about its operations and property holdings.

The healthcare real estate market continues to show resilience, with demographic trends supporting long-term demand for skilled nursing and assisted living facilities. This acquisition strengthens Strawberry Fields REIT's market position while providing immediate cash flow enhancement through the additional rental income. The transaction's structure, adding to an existing master lease with a established operator, reduces operational risk while maintaining the revenue upside potential from the healthcare property sector.