Strawberry Fields REIT, Inc. is a self managed self administered real estate company that specializes in the acquisition ownership and triple net leasing of skilled nursing facilities and other post acute healthcare properties. As of December 31, 2025 the company owned 133 healthcare properties comprising 15,602 licensed beds located across Arkansas, Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Oklahoma, Tennessee and Texas.

The company generates substantially all of its revenue by leasing its properties to tenants under long term triple net leases under which tenants pay real estate taxes insurance operating costs and capital expenditures. Strawberry Fields REIT, Inc. does not bear any operational expenses or receive income from the facility operations and it also occasionally extends loans to healthcare operators. As of December 31, 2025 the annualized average base rent for the expected life of its leases was approximately $142.7 million.

Strawberry Fields REIT, Inc. holds a diversified portfolio of skilled nursing and post acute facilities across ten states which reduces its exposure to any single market’s regulatory or economic changes. The company benefits from certificate of need laws in nine of its operating states, creating barriers to entry that limit competition. Its competitive advantages include long standing relationships with operators such as Infinity Healthcare, expertise in identifying accretive acquisition opportunities, and a seasoned management team with over 50 years of combined experience in healthcare real estate. Key competitors include other healthcare focused REITs, private equity funds, and real estate developers that pursue similar net leased investments.

The company’s tenants are healthcare operators that manage skilled nursing facilities, assisted living facilities, and long term acute care hospitals. Specific tenant names include affiliated entities such as The Waters of Princeton II LLC and The Waters of Scottsburg II LLC as well as numerous unaffiliated operators like Ambassador Nursing and Rehab LLC and Belhaven Nursing and Rehab LLC. As of December 31, 2025 approximately 48.5% of annualized base rent was derived from related party tenants affiliated with Chairman Moishe Gubin and Director Michael Blisko.