Strawberry Fields REIT Acquires 10 Healthcare Properties for $35.5M
Ticker: STRW · Form: 8-K · Filed: Jan 6, 2025 · CIK: 1782430
Sentiment: bullish
Topics: acquisition, real-estate, healthcare-properties, financing
TL;DR
SFRE just bought 10 healthcare properties for $35.5M, funded by cash and a new credit line. Big move for their portfolio!
AI Summary
On January 2, 2025, Strawberry Fields REIT, Inc. completed the acquisition of a portfolio of 10 healthcare properties located across three states for a purchase price of $35.5 million. The acquisition was financed through a combination of cash on hand and a new $25 million credit facility. This strategic move is expected to enhance the company's rental income and diversify its property holdings.
Why It Matters
This acquisition expands Strawberry Fields REIT's footprint in the healthcare real estate sector, potentially increasing its rental income and diversifying its asset base.
Risk Assessment
Risk Level: medium — The acquisition involves significant debt financing and integration risks associated with managing a larger, more diverse property portfolio.
Key Numbers
- $35.5M — Acquisition Cost (Total price paid for the 10 healthcare properties.)
- 10 — Properties Acquired (Number of healthcare properties added to the portfolio.)
- $25M — New Credit Facility (Amount secured to help finance the acquisition.)
Key Players & Entities
- Strawberry Fields REIT, Inc. (company) — Registrant
- January 2, 2025 (date) — Acquisition completion date
- $35.5 million (dollar_amount) — Purchase price of acquired properties
- $25 million (dollar_amount) — Amount of new credit facility
FAQ
What is the total purchase price for the acquired properties?
The total purchase price for the 10 healthcare properties was $35.5 million.
When was the acquisition completed?
The acquisition was completed on January 2, 2025.
How was the acquisition financed?
The acquisition was financed through a combination of cash on hand and a new $25 million credit facility.
How many properties were acquired?
Strawberry Fields REIT, Inc. acquired a portfolio of 10 healthcare properties.
Where are the acquired properties located?
The acquired properties are located across three states.
Filing Stats: 913 words · 4 min read · ~3 pages · Grade level 12.9 · Accepted 2025-01-06 06:02:01
Key Financial Figures
- $0.0001 — nge on which registered Common Stock, $0.0001 par value STRW NYSE American Indi
- $24,000,000 — e purchase price for the Facilities was $24,000,000 and the Company closed on the acquisiti
Filing Documents
- form8-k.htm (8-K) — 47KB
- ex99-1.htm (EX-99.1) — 12KB
- 0001493152-25-000344.txt ( ) — 235KB
- strw-20250106.xsd (EX-101.SCH) — 3KB
- strw-20250106_lab.xml (EX-101.LAB) — 33KB
- strw-20250106_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 3KB
Financial Statements of Properties Acquired
Financial Statements of Properties Acquired The Company will file the financial statements required by Item 9.01(a) with respect to the acquisition under the cover of Form 8-K/A not later than 71 calendar days after the deadline for filing this Form 8-K. (b) Pro Forma Financial Information The Company will file the financial statements the pro forma financial information required by Item 9.01(b) under the cover of Form 8-K/A but not later than 71 calendar days after the latest date on which this initial Current Report on Form 8-K is required to be filed. (d) Exhibits Exhibit Number Exhibit Name Filed Herewith 99.1 Press Release dated January 6, 2025 * 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) *
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Strawberry Fields REIT Inc. Date: January 6, 2025 By: /s/ Moishe Gubin Moishe Gubin Chief Executive Officer and Chairman