Strawberry Fields REIT, Inc. (NYSE AMERICAN:STRW) (the “Company”) today announced, it completed the acquisition of an 83-bed Skilled Nursing Facility and 28-room Assisted Living Facility for $6.7 million located in Gainesboro, Tennessee. The facility was added to an existing Infinity of Tennessee Master Lease. The acquisition will increase the Company’s annual rents by $670 thousand and is subject to 3% annual increases. This acquisition marks the 15th facility for the Company in Tennessee.
Read the full article: Strawberry Fields REIT Announces Acquisition of Skilled Nursing/Assisted Living Facility for $6.7M //
Source: https://www.accesswire.com/923479/strawberry-fields-reit-announces-acquisition-of-skilled-nursingassisted-living-facility-for-67-million