Strawberry Fields REIT Acquires Skilled Nursing Facility in Kentucky for $5.4M

by Jeff Shaw

DANVILLE, Ky. — Strawberry Fields REIT LLC has acquired Charleston Health Care Center, a skilled nursing facility in Danville, approximately 35 miles southwest of Lexington.

The REIT paid $5.4 million for the community, which features 90 skilled nursing beds, 16 assisted living beds and an independent living cottage. The seller was not disclosed.

“The plan is to rebrand the property Landmark of Danville, and include it in the Landmark group of homes that are operated by A&M Healthcare,” says Moishe Gubin, CEO of Strawberry Fields. “A&M already has other facilities in close proximity, including Landmark of Lancaster, which is located 15 minutes away from Danville.”

The average occupancy of the nursing home is 95.3 percent. The average occupancy in the assisted living portion is 69.9 percent.

“The property was up available for sale, as the long time owners were looking to retire,” adds Gubin.

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