Strawberry Fields REIT, Inc. acquired a senior care facility in Gainesboro, Tennessee, marking its 15th facility in the state. The facility comprises 83 skilled nursing beds and 28 assisted living units. It was added to an existing Infinity of Tennessee Master Lease. Strawberry Fields paid $6.7 million, or $60,000 per bed/unit. The acquisition will increase the REIT’s annual rents by $670,000 and is subject to 3% annual increases.
Strawberry Fields Purchases 15th Tennessee Facility
