Strawberry Fields REIT (NYSE: STRW) on Wednesday announced plans to purchase 24 facilities in Indiana –19 SNFs and five assisted living facilities – for $102 million. The SNFs make up a total of 1,659 licensed beds, while the assisted living properties have 193 beds between them, 29 of which are licensed. Acquisition news comes just […]
Strawberry Fields REIT
Real estate investment trust Strawberry Fields announced late Thursday that it would start trading on the New York Stock Exchange (NYSE) starting on Feb. 22 under the symbol STRW. The REIT has been trading on the over-the-counter marketplace (OTCQX) since September of last year. For Strawberry Fields CEO Moishe Gubin, the plan was always to […]
Grandbridge Real Estate Capital arranged the $81 million sale of The Arlington at Naples, a 298-unit continuing care retirement community, to LCS. The campus is comprised 47 independent living homes, 128 independent living apartments, 42 assisted living units, 37 memory care units, and 44 skilled nursing units. The campus was opened in 2015 and is […]
Strawberry Fields REIT (OTCQX: STRW) has officially gone public this week as it sets its sights on building upon its growing skilled nursing portfolio. The shares began trading on Sept. 21 on the OTCQX Best Market under the ticker symbol “STRW.” Strawberry Fields REIT is a self-administered real estate investment trust with a growing portfolio […]
Strawberry Fields REIT – with an existing portfolio of 74 standalone skilled nursing facilities – is planning to go public. The company filed documents with the U.S. Securities and Exchange Commission on Monday, detailing its intention to grow in its health care markets. Strawberry Fields REIT is a self-administered real estate investment trust with a […]
While the Biden administration is seemingly trying to push private equity out of the skilled nursing sector, there seems to be growing confusion and frustration on how blaming such a small fraction of the overall sector is going to solve some of the challenges the industry currently faces. The skilled nursing market has been one […]
At a time when some smaller, independent skilled nursing operators are struggling to remain viable businesses, Florida-based OptimumBank plans to enter the skilled nursing lending space, which may give some smaller distressed operators a chance to stay in the game for a little longer. With occupancy still down for the skilled nursing sector and the […]
Strawberry Fields REIT this week announced the acquisition of six skilled nursing facilities (SNFs) in Kentucky and Tennessee. The purchase price was $81 million for the six facilities. Due to rising prices going into COVID-19, and lofty expectations and valuations in the skilled nursing space, the REIT became less active in the SNF market during […]
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