Ziegler Closes $67.27M and $82.9M in Financing for Two Properties with Nursing Home Beds; Strawberry Fields Acquires 83-Bed Property for $6.7M

Skilled Nursing News September 27, 2024
Zahida Siddiqi

Ziegler closed $67.27 million and $82.9 million in financing for two properties, each with skilled nursing assets, while Strawberry Fields acquired Mabry Health for $6.7 million.

Strawberry Fields Acquires Mabry Health Care

Strawberry Fields REIT (NYSE: STRW) announced the completion of a $6.7 million acquisition of a healthcare facility in Gainesboro, Tennessee.

The property, Mabry Health Care & Rehabilitation Center, includes an 83-bed Skilled Nursing Facility and a 28-room Assisted Living Facility. This acquisition has been incorporated into an existing Infinity of Tennessee master lease and is expected to increase the company’s annual rents by $670,000, with a 3% annual increase provision, Strawberry Fields REIT said in a press release.

This marks Strawberry Fields REIT’s 15th facility in Tennessee,...

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