News Release: CA Health & Science Trust Taps Loriann Duffy to Lead Property Management Platform

FOR IMMEDIATE RELEASE

The former director of property operations for Northwestern Memorial Hospital will lay the foundation for the REIT’s operational services and standards for excellence

CHICAGO (September 22, 2021) – CA Health and Science Trust, Inc. (“CAHST” or “the REIT”), a newly formed and externally managed private REIT focused on the acquisition, development and renovation of core plus and value-add medical office and life science facilities across the U.S., today announced it has hired Loriann Duffy as senior vice president of property management. In her new role, Duffy will lead the national operations teams with a focus on driving value to the bottom line through strategic financial oversight and the creation of operational efficiencies.

“The addition of Loriann marks a strategic milestone for CAHST as we further bolster our leadership team with dedicated, in-house property management expertise,” said Russell Brenner, president of CA Health and Science Trust. “With more than 20 years of experience managing Class A office and medical office buildings for institutional owners and most recently overseeing portfolio-wide outpatient real estate operations for a leading academic medical center, Loriann will add tremendous value to our team and for our tenants. We look forward to seeing Loriann hit the ground running to support our mission of delivering exceptionally-managed assets that exceed expectations and raise the standards of quality for our capital partners and tenants alike.”

Duffy joins CAHST following the closing of two acquisitions worth more than $50 million combined to acquire medical office buildings in Naperville (Chicago), Illinois and Gilbert (Phoenix), Arizona. The acquisitions are part of an equity investment of up to $245 million from partners Davidson Kempner Capital Management LP, Monarch Alternative Capital LP and CA Ventures for the acquisition, development and renovation of medical office and life science buildings and for general corporate purposes and working capital. Over the next few years, CAHST will continue to strategically scale its portfolio of healthcare real estate investments across the United States.

“I couldn’t be more pleased to be joining CAHST at such an exciting moment in its history,” said Loriann Duffy. “CAHST is exceptionally well positioned to meet the strong and growing demand for healthcare real estate across the U.S., leveraging the strength of its capital partners and the knowledge of its team of technical experts. I look forward to working alongside Russell Brenner, Jesse Ostrow and the rest of the CAHST team to support the continued growth of this platform through a top-tier property management practice aimed at maximizing the tenant experience.”

Prior to joining CAHST, Loriann served as director of property operations at Northwestern Memorial Hospital, a top 10 hospital in the U.S., where she was responsible for all aspects of operations and financial reporting for its entire portfolio of leased, owned and newly developed on-campus and outpatient facilities throughout the State of Illinois. Prior to NMH, Loriann served as a general manager with Hines, where she was responsible for all aspects of operations and reporting for a 1.3 million square foot office property, the highest valued office asset per square foot in Chicago. Loriann has led teams that have won the Building Owners and Manager Association (BOMA)’s The Outstanding Building of the Year (“TOBY”) Award. She has also received a Real Property Administrator (“RPA”) designation from BOMA and is a licensed real estate broker. Loriann earned a BA in Psychology and Sociology from Illinois State University.

About CA Health and Science Trust, Inc.
CA Health and Science Trust, Inc. (“CAHST”) is an externally managed private Real Estate Investment Trust (REIT) based in Chicago, Illinois, strategically designed to invest in the acquisition, development and renovation of core-plus and value-add medical office and life science facilities across the United States. For more information, visit www.cahstreit.com.

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