Strawberry Fields REIT, Inc. (the “Company”) announces that it completed the acquisition of nine skilled nursing facilities, comprised of 686 beds, located in Missouri (the “Facilities”) for $59,000,000. The Company completed the acquisition using cash on hand and the issuance of approximately $2.0 million in OP Units of Strawberry Fields REIT LP to the Seller. Eight of the facilities were leased to the Tide Group (“Tide”) led by its founder and CEO Brian Ramos. The ninth facility was leased to an affiliate of Reliant Care Group L.L.C. (“Reliant”).
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Source: https://www.accessnewswire.com/newsroom/en/real-estate/strawberry-fields-reit-completes-acquisition-of-nine-healthcare-facilities-located-in-m-1045174