Skilled Nursing News October 22, 2024
Strawberry Fields REIT entered into a purchase and sale agreement for eight health care facilities located in Missouri, while Dwight Capital closed a $61 million HUD refinance loan for a 250-bed SNF in New York.
Strawberry Fields Agreement
Strawberry Fields REIT (NYSE American: STRW) entered into a purchase and sale agreement for eight health care facilities in Missouri on October 8. The acquisition, valued at $87.5 million, is expected to close before year-end, subject to conditions.
The facilities have a total of 1,111 licensed beds, and are currently leased to third-party tenants under a master lease agreement on a triple net basis.
The company plans to finance the purchase using its current working capital and funds from a third-party lender,...
Today's Sponsors
Today's Sponsor