Strawberry Fields Acquires 252-Bed Skilled Nursing Facility in Louisville for $21.8M

by Jeff Shaw

LOUISVILLE, Ky. — Strawberry Fields REIT LLC has acquired Parkway Rehabilitation and Nursing Center, a 252-bed skilled nursing facility in Louisville, for $21.8 million.

This acquisition was financed with a $15 million loan from Bank Leumi. Strawberry Fields will lease the property to The Landmark Group, with a first-year rent of $2.4 million.

The property was 88.5 percent occupied at the time of sale. The seller was not disclosed.

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

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