SOUTH BEND, Ind. — Strawberry Fields REIT, a South Bend-based owner of skilled nursing facilities, assisted living facilities and long-term acute care hospitals throughout the Midwest and South, will officially begin trading on the New York Stock Exchange American on Wednesday, Feb. 22.
The stock exchange, formerly known as the American Stock Exchange, is known for representing small-cap companies that are not yet big enough to list on the New York Stock Exchange, according the U.S. News & World Report.
The company announced in April of last year that it planned to move from being a non-traded REIT to a publicly traded one with plans to trade on NASDAQ. However, in September the company instead went public on the OTCQX Marketplace. The reason for the change was not disclosed.
The REIT will continue to trade under the symbol of “STRW” on its new stock exchange.
Strawberry Fields was launched in 2004 and has grown to a portfolio of 86 facilities in nine states since then.
“Beginning to trade on the OTCQX was the perfect way to enter the public markets,” says Moishe Gubin, the company’s chairman and CEO. “We are thrilled to move trading to the NYSE American and are confident it will serve to enhance our ability to grow our portfolio in service to a maturing U.S. population.”
Strawberry Fields REIT currently owns properties in Arkansas, Illinois, Indiana, Kentucky, Michigan, Ohio, Oklahoma, Tennessee and Texas.