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Schedule III

12 Months Ended

Dec. 31, 2025

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III

Schedule III

Real Estate and Accumulated Depreciation

Property	Location	Property	Land		Building improvements and intangible assets lease assets		Furniture, fixtures and equipment		Land		Building improvements and intangible assets lease assets		Furniture, fixtures and equipment		Total		Accumulated depreciation		Date of construction		Date acquired
			Initial Cost to Company						Gross Amount at Which Carried at Close of Period
Property	Location	Type of property	Land		Building improvements and intangible assets lease assets		Furniture, fixtures and equipment		Land		Building improvements and intangible assets lease assets		Furniture, fixtures and equipment		Total		Accumulated depreciation		Date of construction		Date acquired
1020 West Vine St, LLC	IN	SNF		73,704		5,373,301		552,994		73,704		5,373,301		552,994		5,999,999		2,351,167		1968	5/1/2015
12803 Lenover Street Realty, LLC	IN	SNF		749,235		11,715,266		707,200		749,235		11,715,266		707,200		13,171,701		5,978,110		1898	12/28/2012
1600 East Liberty Street Realty, LLC	IN	SNF		226,684		8,613,047		684,202		226,684		8,613,047		684,202		9,523,933		4,174,855		1973	12/28/2012
1601 Hospital Dr Realty, LLC	IN	SNF		374,029		6,536,475		574,959		374,029		6,536,475		574,959		7,485,463		3,190,677		1981	12/28/2012
2055 Heritage Dr Realty, LLC	IN	SNF		397,029		6,567,012		592,208		397,029		6,567,012		592,208		7,556,249		3,349,061		1978	12/28/2012
3895 Keystone Ave Realty, LLC	IN	SNF		905,829		5,401,715		465,715		905,829		5,401,715		465,715		6,773,259		2,671,470		1985	12/28/2012
405 Rio Vista Lane Realty, LLC	IN	SNF		851,889		3,190,949		277,894		851,889		3,190,949		277,894		4,320,732		2,025,845		1965	12/28/2012
950 Cross Ave Realty, LLC	IN	SNF		1,055,229		8,223,435		793,445		1,055,229		8,223,435		793,445		10,072,109		4,217,996		1972	12/28/2012
958 East Highway 46 Realty, LLC	IN	SNF		1,424,142		12,353,018		494,464		1,424,142		12,353,018		494,464		14,271,624		5,521,919		1975	12/28/2012
1350 North Todd St, LLC	IN	SNF		76,959		3,151,485		371,556		76,959		3,151,485		371,556		3,600,000		2,111,635		1976	12/28/2012
1712 Leland Drive Realty, LLC	IN	SNF		158,995		5,399,959		441,046		158,995		5,399,959		441,046		6,000,000		2,915,087		1977	5/1/2015
253 Bradington Drive, LLC	IL	SNF		533,575		6,030,915		535,510		533,575		6,882,910		535,510		7,951,995		3,748,008		1993	4/1/2011
1621 Coit Road Realty, LLC	TX	SNF		1,466,005		6,428,360		771,979		1,466,005		6,428,360		771,979		8,666,344		4,249,585		1977	7/1/2015
8200 National Ave Realty, LLC	OK	SNF/LTACH		1,941,555		8,519,002		781,484		1,941,555		8,519,002		781,484		11,242,041		3,762,034		1989	7/1/2015
2301 North Oregon Realty, LLC	TX	SNF/LTACH		460,109		9,224,188		1,017,263		460,109		9,224,188		1,017,263		10,701,560		4,494,883		1970	7/1/2015
5601 Plum Creek Drive Realty, LLC	TX	SNF/LTACH		1,110,560		8,585,477		694,019		1,110,560		8,585,477		694,019		10,390,056		4,407,749		1985	7/1/2015
1623 West Delmar Ave, LLC	IL	SNF		369,094		2,188,077		257,828		369,094		2,587,883		257,828		3,214,805		1,451,684		1962	11/26/2014
393 Edwardsville Road LLC	IL	SNF		251,415		3,426,747		387,838		251,415		4,335,229		387,838		4,974,482		2,188,785		1971	11/26/2014
911 South 3rd St Realty LLC	MI	SNF		-		-		-		-		-		-		-				1969	5/22/2015
516 West Frech St, LLC	IL	SNF		85,518		1,697,527		266,955		85,518		1,697,527		266,955		2,050,000		1,938,063		1974	9/28/2011
1316 North Tibbs Avenue Realty LLC	IN	SNF		323,226		2,940,959		335,816		323,226		2,940,959		335,816		3,600,001		1,822,872		1976	6/1/2014

STRAWBERRY FIELDS REIT, Inc. and Subsidiaries

Schedule III

Real Estate and Accumulated Depreciation

Property	Location	Type of property	Land		Building improvements and intangible assets lease assets		Furniture, fixtures and equipment		Land		Building improvements and intangible assets lease assets		Furniture, fixtures and equipment		Total		Accumulated depreciation		Date of construction		Date acquired
			Initial Cost to Company						Gross Amount at Which Carried at Close of Period
Property	Location	Type of property	Land		Building improvements and intangible assets lease assets		Furniture, fixtures and equipment		Land		Building improvements and intangible assets lease assets		Furniture, fixtures and equipment		Total		Accumulated depreciation		Date of construction		Date acquired
3090 Five Points Hartford Realty, LLC	OH	SNF		114,614		1,348,246		155,890		114,614		1,348,246		155,890		1,618,750		1,454,952		1950	8/1/2015
3121 Glanzman Rd Realty, LLC	OH	SNF		211,543		2,977,780		329,427		211,543		2,977,780		329,427		3,518,750		2,116,879		1959	8/1/2015
620 West Strub Rd Realty, LLC	OH	SNF		140,266		2,785,910		192,574		140,266		2,785,910		192,574		3,118,750		1,883,764		1978	8/1/2015
4250 Sodom Hutchings Road Realty, LLC	OH	SNF		41,548		581,176		96,026		41,548		581,176		96,026		718,750		677,202		1975	8/1/2015
Ambassador Nursing Realty, LLC	IL	SNF		2,344,176		5,891,870		991,190		2,344,176		5,891,870		991,190		9,227,236		4,404,621		1976	4/1/2008
Momence Meadows Realty, LLC	IL	SNF		185,405		5,861,271		703,325		185,405		5,861,271		703,325		6,750,001		4,210,974		1974	8/2/2006
Oak Lawn Nursing Realty, LLC	IL	SNF		808,226		3,388,277		403,497		808,226		3,388,277		403,497		4,600,000		2,857,196		1964	4/30/2012
Forest View Nursing Realty, LLC	IL	SNF		392,245		6,288,479		819,276		392,245		6,288,479		819,276		7,500,000		3,235,139		1975	11/25/2013
Lincoln Park Holdings, LLC	IL	SNF		4,322,851		6,815,753		861,396		4,322,851		6,815,753		861,396		12,000,000		3,451,343		1973	11/26/2014
Continental Realty, LLC	IL	SNF		3,392,263		6,659,835		720,666		3,392,263		6,659,835		720,666		10,772,764		5,483,499		1976	4/2/2008
Westshire Realty, LLC	IL	SNF		356,185		22,165,811		2,253,929		356,185		22,165,811		2,253,929		24,775,925		11,475,646		1974	7/26/2013
Belhaven Realty, LLC	IL	SNF		2,298,858		7,026,385		924,756		2,298,858		7,026,385		924,756		10,249,999		6,707,567		1985	6/1/2006
West Suburban Nursing Realty, LLC	IL	SNF		1,061,095		11,501,970		1,336,935		1,061,095		11,501,970		1,336,935		13,900,000		7,507,458		1975	11/2/2007
Niles Nursing Realty, LLC	IL	SNF		3,115,279		21,168,943		1,715,779		3,115,279		21,168,943		1,715,779		26,000,001		11,082,261		1974	8/25/2012
Parkshore Estates Nursing Realty, LLC	IL	SNF		450,232		18,186,687		1,747,280		450,232		18,186,687		1,747,280		20,384,199		8,096,400		1975	2/5/2015
Midway Neurological and Rehab Realty, LLC	IL	SNF		1,436,736		15,856,182		1,707,081		1,436,736		15,856,182		1,707,081		18,999,999		12,742,508		1972	4/1/2005
115 Woodlawn Drive, LLC	TN	SNF		1,130,269		9,411,746		930,933		1,130,269		9,411,746		930,933		11,472,949		4,055,364		1995	8/1/2016
146 Buck Creek Road, LLC	TN	SNF		829,555		6,907,704		683,254		829,555		6,907,704		683,254		8,420,513		2,976,414		1997	8/1/2016
704 5th Avenue East, LLC	TN	SNF		684,383		5,698,856		563,684		684,383		5,698,856		563,684		6,946,923		2,455,541		1964	8/1/2016
2501 River Road, LLC	TN	SNF		829,555		6,907,704		683,254		829,555		6,907,704		683,254		8,420,513		2,976,414		1964	8/1/2016
202 Enon Springs East, LLC	TN	SNF		943,619		7,857,513		777,201		943,619		7,857,513		777,201		9,578,333		3,385,671		1974	8/1/2016
140 Technology Lane, LLC	TN	SNF		871,033		7,253,089		717,416		871,033		7,253,089		717,416		8,841,538		3,125,234		2007	8/1/2016
835 Union Street, LLC	TN	SNF		995,467		8,289,244		819,904		995,467		8,289,244		819,904		10,104,615		3,571,696		1962	8/1/2016
308 West Maple Avenue, LLC	KY	SNF		995,467		8,289,244		819,904		995,467		8,289,244		819,904		10,104,615		3,571,696		1970	8/1/2016
Big H2O - Land Rising Sun	IN			772,847		-		-		772,847		-		-		772,847		-			12/1/2012
1585 Perry Worth, LLC	IN	SNF		98,516		820,342		81,142		98,516		820,342		81,142		1,000,000		331,354		1967	7/17/2017
1155 Eastern Parkway, LLC	KY	SNF		1,147,712		18,894,131		1,708,157		1,147,712		18,894,131		1,708,157		21,750,000		6,965,211		1973	9/1/2017
1015 Magazine Street, LLC	KY	SNF		2,750,000		3,060,000		690,000		2,750,000		3,060,000		690,000		6,500,000		3,639,858		1981	5/1/2018
5301 Wheeler Avenue, LLC	AR	SNF		400,000		3,147,874		877,500		400,000		3,147,874		877,500		4,425,374		2,564,199		1967	8/29/2018
414 Massey Avenue, LLC	AR	SNF		125,000		845,359		240,000		125,000		845,359		240,000		1,210,359		713,811		1994	8/29/2018
706 Oak Grove Street, LLC	AR	SNF		300,000		2,641,399		727,500		300,000		2,641,399		727,500		3,668,899		1,999,275		1965	8/29/2018
8701 Riley Dr., LLC	AR	SNF		950,000		3,295,319		1,050,000		950,000		3,295,319		1,050,000		5,295,319		3,533,882		1979	8/29/2018
1516 Cumberland Street, LLC	AR	SNF		325,000		3,313,843		900,000		325,000		3,313,843		900,000		4,538,843		2,179,176		1971	8/29/2018
5720 West Markham Street, LLC	AR	SNF		600,000		4,069,851		1,155,000		600,000		4,069,851		1,155,000		5,824,851		2,602,434		1973	8/29/2018
2501 John Ashley Dr.,LLC	AR	SNF		550,000		3,695,319		1,050,000		550,000		3,695,319		1,050,000		5,295,319		3,811,562		1969	8/29/2018
1513 S. Dixieland Road, LLC	AR	SNF		275,000		3,060,608		825,000		275,000		3,060,608		825,000		4,160,608		2,147,384		1968	8/29/2018
826 North Street, Stamps, LLC	AR	SNF		225,000		2,625,428		705,000		225,000		2,625,428		705,000		3,555,428		1,789,617		1971	8/29/2018
900 Gagel Avenue, LLC	KY	SNF		1,250,000		2,390,000		360,000		1,250,000		2,390,000		360,000		4,000,000		1,917,672		1970	8/30/2018
120 Life Care Way, LLC	KY	SNF		200,000		5,863,133		750,000		200,000		5,863,133		750,000		6,813,133		2,625,872		1974	2/19/2019
1033 North Highway 11, LLC	KY	SNF		450,000		5,976,921		795,000		450,000		5,976,921		795,000		7,221,921		2,541,296		1978	2/19/2019
945 West Russell Street, LLC	KY	SNF		350,000		6,076,921		795,000		350,000		6,076,921		795,000		7,221,921		2,314,679		1979	2/19/2019
9209 Dollarway Road, LLC	AR	SNF		500,000		5,450,000		900,000		500,000		5,450,000		900,000		6,850,000		3,457,378		2001	3/27/2019

STRAWBERRY FIELDS REIT, Inc. and Subsidiaries

Schedule III

Real Estate and Accumulated Depreciation

Property	Location	Type of property	Land		Building improvements and intangible assets lease assets		Furniture, fixtures and equipment		Land		Building improvements and intangible assets lease assets		Furniture, fixtures and equipment		Total		Accumulated depreciation		Date of construction		Date acquired
			Initial Cost to Company						Gross Amount at Which Carried at Close of Period
Property	Location	Type of property	Land		Building improvements and intangible assets lease assets		Furniture, fixtures and equipment		Land		Building improvements and intangible assets lease assets		Furniture, fixtures and equipment		Total		Accumulated depreciation		Date of construction		Date acquired
727 North 17th St, LLC 3523 Wickenhauser, LLC	IL	SNF		613,116		3,856,645		663,640		613,116		5,939,315		663,640		7,216,071		2,164,385		1969, 1971	1/1/2019
326 Lindley Lane, LLC	AR	SNF		250,000		2,917,353		720,000		250,000		2,917,353		720,000		3,887,353		1,676,669		2001	4/10/2019
2821 West Dixon Road, LLC	AR	SNF		400,000		4,817,873		354,000		400,000		4,817,873		354,000		5,571,873		3,033,813		1950	4/10/2019
552 Golf Links Road, LLC	AR	SNF		500,000		3,511,981		912,000		500,000		3,511,981		912,000		4,923,981		2,095,599		1978	4/10/2019
9300 Ballard Road, LLC	IL	SNF		285,000		12,467,584		1,391,952		285,000		12,467,584		1,391,952		14,144,536		5,369,472		1974	6/28/2019
Land in Covington	KY	N/A		94,922		-		-		94,922		-		-		94,922		-		N/A	11/6/2015
2400 Chateau Drive Realty, LLC	IN	SNF		327,804		2,538,755		283,441		327,804		2,538,755		283,441		3,150,000		1,046,689		1972	11/13/2019
203 Bruce Court, LLC	KY	SNF		150,000		3,755,896		477,000		150,000		3,755,896		477,000		4,382,896		1,846,277		1972	6/1/2020
4343 Kennedy Drive LLC	IL	SNF		1,650,000		1,615,000		735,000		1,650,000		1,615,000		735,000		4,000,000		994,116		2009	10/1/2020
505 North Roan Street, LLC	TN	SNF		650,000		10,171,216		504,000		650,000		10,171,216		504,000		11,325,216		1,865,485		2005	8/25/2021
14510 Highway 79, LLC	TN	SNF		525,000		5,117,868		396,000		525,000		5,117,868		396,000		6,038,868		1,418,717		1969	8/25/2021
6500 Kirby Gate Boulevard, LLC	TN	SNF		1,250,000		17,345,000		405,000		1,250,000		17,345,000		405,000		19,000,000		2,366,669		2015	8/25/2021
978 Highway 11 South, LLC	TN	SNF		250,000		9,965,900		540,000		250,000		9,965,900		540,000		10,755,900		1,916,266		1966	8/25/2021
2830 Highway 394, LLC	TN	SNF		475,000		27,625,000		900,000		475,000		27,625,000		900,000		29,000,000		3,908,663		2017	8/25/2021
1253 Lake Barkley Drive, LLC	KY	SNF		175,000		4,496,940		195,000		175,000		4,496,940		195,000		4,866,940		1,206,335		1968	8/25/2021
1123 Rockdale	MA	Vacant		-		1,200,000		-		-		1,200,000		-		1,200,000
420 Jett Drive, LLC	KY	SNF		100,000		4,700,000		1,200,000		100,000		4,700,000		1,200,000		6,000,000		1,157,409		1971	1/5/2023
8400 Clearvista Place, LLC	IN	ALF		199,550		4,939,068		1,140,000		199,550		4,939,068		1,140,000		6,278,618		866,621		1985	8/25/2023
8400 Clearvista Place, LLC	IN	SNF		199,550		2,504,532		270,000		199,550		2,504,532		270,000		2,974,082		294,788		1985	8/25/2023
524 Anderson Road, LLC	IN	SNF		182,300		2,522,236		600,000		182,300		2,522,236		600,000		3,304,536		518,610		1984	8/25/2023
640 West Ellsworth Street, LLC	IN	SNF		36,300		3,750,050		840,000		36,300		3,750,050		840,000		4,626,350		746,613		1957	8/25/2023
11563 West 300 South LLC	IN	SNF		47,200		2,026,277		460,000		47,200		2,026,277		460,000		2,533,477		374,578		1969	8/25/2023
5544 East State Boulevard, LLC	IN	SNF		492,800		2,978,021		770,000		492,800		2,978,021		770,000		4,240,821		641,240		1964	8/25/2023
548 South 100 West, LLC	IN	SNF		86,000		2,843,914		650,000		86,000		2,843,914		650,000		3,579,914		527,785		1973	8/25/2023
2901 West 37th Avenue, LLC	IN	SNF		702,800		4,255,515		1,100,000		702,800		4,255,515		1,100,000		6,058,315		849,562		1974	8/25/2023
1500 Grant Street, LLC	IN	SNF		118,700		3,712,725		850,000		118,700		3,712,725		850,000		4,681,425		747,804		1968	8/25/2023
787 North Detroit Street, LLC	IN	ALF		50,400		4,457,159		1,000,000		50,400		4,457,159		1,000,000		5,507,559		818,386		1970	8/25/2023
787 North Detroit Street, LLC	IN	SNF		50,400		800,885		85,000		50,400		800,885		85,000		936,285		133,930		1978	8/25/2023
981 Beechwood Avenue, LLC	IN	SNF		29,600		2,674,936		600,000		29,600		2,674,936		600,000		3,304,536		491,082		1974	8/25/2023
317 Blair Pike, LLC	IN	SNF		72,800		5,787,027		1,300,000		72,800		5,787,027		1,300,000		7,159,827		1,153,912		1966	8/25/2023
815 West Washington Street, LLC	IN	SNF		44,100		2,660,436		600,000		44,100		2,660,436		600,000		3,304,536		531,589		1966	8/25/2023
612 East 11th Street, LLC	IN	ALF		49,650		4,367,758		980,000		49,650		4,367,658		980,000		5,397,308		870,263		1967	8/25/2023
612 East 11th Street, LLC	IN	SNF		49,650		1,402,542		145,000		49,650		1,402,542		145,000		1,597,192		232,733		1967	8/25/2023
505 West Wolfe Street, LLC	IN	ALF		86,100		4,105,930		930,000		86,100		4,105,530		930,000		5,121,630		650,518		1970	8/25/2023
505 West Wolfe Street, LLC	IN	SNF		110,200		1,492,219		160,000		110,200		1,492,219		160,000		1,762,419		160,581		1970	8/25/2023

STRAWBERRY FIELDS REIT, Inc. and Subsidiaries

Schedule III

Real Estate and Accumulated Depreciation

Property	Location	Type of property	Land		Building improvements and intangible assets lease assets		Furniture, fixtures and equipment		Land		Building improvements and intangible assets lease assets		Furniture, fixtures and equipment		Total		Accumulated depreciation		Date of construction		Date acquired
			Initial Cost to Company						Gross Amount at Which Carried at Close of Period
Property	Location	Type of property	Land		Building improvements and intangible assets lease assets		Furniture, fixtures and equipment		Land		Building improvements and intangible assets lease assets		Furniture, fixtures and equipment		Total		Accumulated depreciation		Date of construction		Date acquired
500 East Pickwick Drive, LLC	IN	SNF		206,500		2,768,489		660,000		206,500		2,768,489		660,000		3,634,989		495,625		1986	8/25/2023
300 Fairgrounds Road, LLC	IN	SNF		94,500		6,666,839		1,500,000		94,500		6,666,839		1,500,000		8,261,339		1,330,451		1977	8/25/2023
1900 Alber Street, LLC	IN	SNF		819,000		2,967,350		840,000		819,000		2,967,350		840,000		4,626,350		626,662		1969	8/25/2023
1720 Alber Street, LLC	IN	SNF		360,000		1,623,326		440,000		360,000		1,623,326		440,000		2,423,326		333,652		1970	8/25/2023
300 North Washington Street, LLC	IN	SNF		90,050		5,905,004		1,330,000		90,050		5,905,004		1,330,000		7,325,054		932,609		1984	8/25/2023
300 North Washington Street, LLC	IN	ALF		90,050		2,964,561		305,000		90,050		2,964,561		305,000		3,359,611		421,628		2000	8/25/2023
1002 Sister Barbara Way	IN	SNF		521,000		4,444,000		860,000		521,000		4,444,000		860,000		5,825,000		424,810		2010	5/31/2023
100 Netherland Lane	TN	SNF		391,160		270,840		670,000		391,160		270,840		670,000		1,332,000		155,365		2018	8/30/2024
2648 Sevierville Road	TN	SNF		636,200		221,800		1,810,000		636,200		221,800		1,810,000		2,668,000		823,040		1956/2016	8/30/2024
2001 Avenue E	TX	SNF		134,960		3,617,993		750,000		134,960		3,617,993		750,000		4,502,953		581,608		1968	8/30/2024
1213 Water Street	TX	SNF		620,136		8,336,911		1,790,000		620,136		8,336,911		1,790,000		10,747,047		1,685,525		1957/1975	8/30/2024
1340 North Grundy Quarles Highway	TN	SNF		73,400		5,796,600		830,000		73,400		5,796,600		830,000		6,700,000		434,873		1979/2004	9/30/2024
11515 Troost Avenue, LLC	MO	SNF		1,137,500		11,263,940		-		1,137,500		11,263,940		-		12,401,440		387,708		1974	12/19/2024
52435 Infirmary Road, LLC	MO	SNF		23,500		7,447,247		-		23,500		7,447,247		-		7,470,747		219,717		1980	12/19/2024
2041 Silva Lane , LLC	MO	SNF		100,000		13,571,468		-		100,000		13,571,468		-		13,671,468		560,561		1963	12/19/2024
902 Manor Drive, LLC	MO	SNF		73,684		8,891,212		-		73,684		8,891,212		-		8,964,896		306,038		1970	12/19/2024
2800 Highway TT, LLC	MO	SNF		55,460		17,799,625		-		55,460		17,799,625		-		17,855,085		612,668		1975	12/19/2024
649 South Walnut Street, LLC	MO	SNF		10,000		4,696,571		-		10,000		4,696,571		-		4,706,571		138,563		1980	12/19/2024
1622 East 28th Street, LLC	MO	SNF		35,380		6,688,293		-		35,380		6,688,293		-		6,723,673		276,256		1967	12/19/2024
11400 Mehl Avenue, LLC	MO	SNF		750,000		10,456,120		-		750,000		10,456,120		-		11,206,120		308,488		1987	12/19/2024
103 Har-Ber Road	OK	SNF		165,250		4,034,750		800,000.00		165,250		4,034,750.00		800,000.00		5,000,000		223,381		1973	12/31/2024
520 E Morse Avenue LLC	KS	SNF		64,420		2,626,427		360,000		64,420		2,626,427		360,000		3,050,847		126,161		1973	1/2/2025
440 N 4th Street LLC	KS	ALF		219,600		2,643,044		256,000		219,600		2,643,044		256,000		3,118,644		93,493		1970	1/2/2025
620 Wood Avenue LLC	KS	SNF		141,400		3,147,414		440,000		141,400		3,147,414		440,000		3,728,814		152,130		1969	1/2/2025
601 N Rose Hill Road LLC	KS	SNF		170,500		3,895,669		544,000		170,500		3,895,669		544,000		4,610,169		169,882		1970	1/2/2025
2015 SE 10th Avenue LLC	KS	SNF		37,830		3,549,967		480,000		37,830		3,549,967		480,000		4,067,797		228,322		1959	1/2/2025
1600 S Woodlawn Boulevard LLC	KS	SNF		134,500		4,649,229		640,000		134,500		4,649,229		640,000		5,423,729		300,272		1974	1/2/2025
2400 Whites Meadow Drive, LLC	OK	SNF		411,734		3,588,266		1,000,000		411,734		3,588,266		1,000,000		5,000,000		224,963		1988	3/31/2025
2808 Stoney Brook Drive, LLC	TX	SNF		1,392,516		8,987,484		1,120,000		1,392,516		8,987,484		1,120,000		11,500,000		242,323		1967	4/4/2025
202 E Mill Street, LLC	MO	SNF		25,242		4,542,785		601,010		25,242		4,542,785		601,010		5,169,038		100,620		1984	7/1/2025
631 W Main Street, LLC	MO	SNF		32,555		4,535,473		601,010		32,555		4,535,473		601,010		5,169,038		100,527		1991	7/1/2025
18540 MO-16, LLC	MO	SNF		32,555		4,535,473		601,010		32,555		4,535,473		601,010		5,169,038		100,527		1991	7/1/2025
1 Georgian gardens Drive, LLC	MO	SNF		68,515		9,067,540		1,202,020		68,515		9,067,540		1,202,020		10,338,076		201,010		1983	7/1/2025
2001 Jefferson Parkway, LLC	MO	SNF		113,711		9,935,950		1,322,222		113,711		9,935,950		1,322,222		11,371,883		220,622		1909	7/1/2025
800 South White Oak Road, LLC	MO	SNF		19,533		5,614,366		741,246		19,533		5,614,366		741,246		6,375,145		124,246		1980	7/1/2025
501 S Monroe Street, LLC	MO	SNF		36,994		4,533,593		601,347		36,994		4,533,593		601,347		5,171,934		100,527		1980	7/1/2025
1531 Nebraska Street, LLC	MO	SNF		23,756		4,544,272		601,010		23,756		4,544,272		601,010		5,169,038		100,639		1976	7/1/2025
1300 County Farm Road, LLC	MO	SNF		35,359		4,532,668		601,010		35,359		4,532,668		601,010		5,169,038		100,491		1983	7/1/2025
701 S 8th St, LLC	OK	SNF		333,714		2,925,830		1,002,937		333,714		2,925,830		1,002,937		4,262,480		87,793		1965	8/5/2025
2350 Kanell Boulevard, LLC	MO	SNF		161,392		3,908,491		1,243,019		161,392		3,908,492		1,243,019		5,312,903		93,603		1973	8/29/2025
1400 South Main Street, LLC	OK	SNF		384,008		2,020,736		601,186		384,008		2,020,737		601,186		3,005,930		26,244		1961	11/10/2025
Total			$	72,586,232	$	797,514,896	$	94,869,311	$	72,586,234	$	801,757,351	$	94,869,311	$	969,212,896	$	282,062,366

(1) The cost of building and improvements is depreciated on a straight-line basis over the estimated useful lives of the buildings and improvements, ranging primarily from 3 to 35 years. The cost of intangible lease assets is depreciated on a straight-line basis over the initial term of the related leases, ranging primarily from 3 to 20 years. The cost of furniture, fixtures and equipment are depreciated on a straight-line basis over the estimated useful lives of the furniture, fixtures and equipment, ranging primarily from 2 to 15 years. See Note 4 to the consolidated financial statements for information on useful lives used for depreciation and amortization.

(2) LTACH — long-term acute care hospital, SNF — skilled nursing facility, and ALF — assisted living facility.

STRAWBERRY FIELDS REIT, INC. and Subsidiaries

Schedule III

Real Estate and Accumulated Depreciation

The changes in total real estate and accumulated depreciation are as follows (in thousands):


	For the year ended December 31,
	2025			2024
Cost
Balance at beginning of the year	$	857,487		$	737,712
Acquisitions		112,183			119,775
Disposals/other		(457	)		-
Balance at end of the year	$	969,213		$	857,487

Accumulated Depreciation
Balance at beginning of the year	$	248,429		$	219,398
Depreciation		35,774			29,031
Dispositions/other		(2,141	)		-
Balance at end of the year	$	282,062		$	248,429

Net Real Estate	$	687,151		$	609,058

The unaudited aggregate net tax value of real estate assets for federal income tax purposes as of December 31, 2025 is estimated to be $740,067,540