10:02 AM EDT, 05/28/2025 (MT Newswires) -- Strawberry Fields REIT ( STRW ) said Wednesday it has agreed to buy nine healthcare facilities in Missouri from an unnamed seller for $59 million.

The facilities offer 686 licensed beds, the company said, adding it will finance the purchase using its working capital and external loans.

Eight facilities will be leased to the Tide Group, generating $5.5 million in annual rent with 3% annual increases under a 10-year lease with two 5-year tenant options, the company said.

The ninth facility will be leased to Reliant Care Group for $600,000 in annual rent with 3% yearly increases under a 15-year lease with two 10-year tenant options, the company added.

Strawberry Fields said it expects to close the deal by July 1, 2025, but there is no certainty it will happen on time or at all.

Price: 9.85, Change: +0.13, Percent Change: +1.34