M&A: Strawberry Fields REIT, Inc.

Form Type: 8-K

Filing Date: 2025-01-06

Corporate Action: Acquisition

Type: New

Accession Number: 000149315225000344

Comments: On January 2, 2025, Strawberry Fields REIT, Inc. completed the acquisition of six healthcare facilities located in Kansas for a total purchase price of $24,000,000. This acquisition was facilitated through an Asset Purchase Agreement with several sellers who are not affiliated with the company. The rights to acquire the facilities were assigned to newly organized indirect subsidiaries of Strawberry Fields Realty, LP, the operating partnership of the Company. The facilities are leased under a new 10-year master lease agreement to a group of third-party tenants. These tenants will operate the facilities on a triple net basis and have the option to extend the lease for two additional five-year terms. The six facilities consist of five skilled nursing facilities and one assisted living facility, accommodating a total of 354 licensed beds. Additionally, the Company issued a press release on January 6, 2025, regarding the completion of this acquisition, with further financial statements expected to be filed under Form 8-K/A within 71 days.

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Form Type: 8-K

Filing Date: 2024-12-23

Corporate Action: Acquisition

Type: New

Accession Number: 000149315224051179

Comments: Strawberry Fields REIT, Inc. announced the entry into an Asset Purchase Agreement on December 20, 2024, for the purchase of six healthcare facilities in Kansas from a group of non-affiliated sellers for a total price of $24,000,000. An initial deposit of $750,000 is to be paid, with the balance coming from the company’s working capital. The facilities will be operated under a new 10-year master lease with third-party tenants. The agreement includes terms for due diligence, conditions for closing, and remedies in case of breach by either party. The acquisition is anticipated to close before the end of the year, pending satisfaction of various conditions.

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