Justin Knapp and Nick Stahler of the Knapp-Stahler Group with Marcus & Millichap are pleased to announce the successful sale of a portfolio previously owned by a large publicly-traded healthcare REIT. The portfolio includes eight dually-certified (Medicare/Medicaid) facilities licensed for skilled nursing and operating as behavioral health. Strategically located across northern Missouri, the assets span from Kansas City to St. Louis. Collectively, the portfolio includes 1,111 licensed beds and is fully master-leased to third-party tenants affiliated with Reliant Care Management Group, L.L.C.

Strawberry Fields REIT acquired the properties for $87.5 million.

Commenting on the acquisition, Moishe Gubin, Chairman and CEO of Strawberry Fields REIT, said: “I am excited that the Company completed this sizable acquisition in Missouri. Missouri is a new state for the Company and brings a strong local third-party operator. This acquisition Is a great example of a deal type the Company is looking for and anticipates similar future deals which will allow the Company to continue to grow in its disciplined manner.”

This transaction underscores the Knapp-Stahler Group’s expertise in navigating complex healthcare real estate deals and highlights Strawberry Fields REIT’s commitment to strategic growth in the skilled nursing sector.