Strawberry Fields REIT Expects to Close About $123 Million in Deals by Year-End

Strawberry Fields REIT, Inc. (NYSE: STRW) expects to close about $123 million in acquisitions by year-end, with leverage projected to stay below 50% after the purchases as the company pursues its acquisition target.

The expected closing amount falls within a target of $100 million to $150 million. Separately, the REIT reported a $400 million acquisition pipeline.

The leverage projection is within the company's stated policy range of 45% to 55%. Management cited due diligence and timing as risks to completing the deals.

The outlook came during the company's third-quarter earnings call. TokenPost previously covered its third-quarter funds from operations results.