Strawberry Fields REIT Completes Acquisition Of An 83-bed Skilled Nursing Facility And 28-room Assisted Living Facility For $6.7M Located In Gainesboro, Tennessee
Portfolio Pulse from Benzinga Newsdesk
Strawberry Fields REIT has completed the acquisition of a skilled nursing and assisted living facility in Tennessee for $6.7 million. This acquisition is expected to increase the company's annual rents by $670,000, with a 3% annual increase.
September 26, 2024 | 10:38 am
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Strawberry Fields REIT's acquisition of a skilled nursing and assisted living facility for $6.7M is set to increase annual rents by $670K, with a 3% annual increase, potentially boosting revenue.
The acquisition directly impacts STRW by increasing its rental income, which is a positive indicator for revenue growth. The 3% annual rent increase further enhances future revenue potential.
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