Strawberry Fields REIT Acquires Hope Creek Skilled Nursing Facility in Illinois for $4M

EAST MOLINE, Ill. — Strawberry Fields REIT LLC has acquired Hope Creek Nursing and Rehabilitation Center in East Moline, located across the Mississippi River from Davenport, Iowa.

The Indiana-based, non-traded REIT paid $4 million for the 245-bed skilled nursing facility, which is located on a 12-acre parcel. Built in 2007, is the newest skilled nursing facility in the Quad Cities, according to the buyer.

The facility offers full inpatient rehabilitation, respite stays, hospice services, individualized care plans, restorative therapy programs, a secured memory care unit and a variety of activities for socialization.

Upon acquisition, Strawberry Fields leased the property to an entity that is consulted by Infinity Healthcare Consultants.

“The property was county-owned and they were looking to have a private operator take over,” says Moishe Gubin, CEO of Strawberry Fields.