Nursing facility in Kentucky acquired

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Strawberry Fields REIT LLC has bought a rehabilitation and skilled nursing facility in Louisville, KY, for $21.8 million.

Parkway Rehabilitation and Nursing Center is a 252-bed facility that is currently at 89% occupancy.

The purchase was financed with a $15 million loan from Bank Leumi. The Landmark Group will be the tenant.

Strawberry Fields owns 59 facilities located in Illinois, Indiana, Ohio, Texas, Michigan Tennessee, Kentucky and Oklahoma.


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