The REIT’s anniversary commemorates an excellent first year of milestones, positioning itself for future growth
CHICAGO (August 22, 2022) – CA Health & Science Trust, Inc. (“CAHST”), a private real estate investment trust (REIT) focused on the acquisition and development of medical office and life science facilities across the U.S., this week celebrates its first anniversary, having successfully built a seven-building medical office portfolio comprised of leading medical tenants including Rush University Medical Center, Cancer Treatment Centers of America, Northwestern Medicine and Advocate Aurora Health, among others, over the last 12 months. CAHST has also celebrated the closing a $275 million line of credit, enabling more efficient execution of the REIT’s growth strategy, as well as the continued growth of its leadership team with the appointment of Jason Colton as Chief Financial Officer and Loriann Duffy as Senior Vice President, Property Management.
“CASHT’s first anniversary comes as the medical office sector continues to prove itself as a resilient asset class, despite the current weakness in the economy and financial markets,” said Russell Brenner, President of CAHST. “We look forward to capitalizing on the momentum the CAHST team built in its first year and continue the acquisition and development of premium medical office facilities to complement our more than 410,000 square foot portfolio.”
CAHST was founded on a mission of owning, developing and operating medical office properties that provide convenient care to end users across the country. The well-located properties attract premier medical tenants, enabling them to deliver best-in-class care to their patients. CAHST differentiates itself in its hands-on approach to all aspects of ownership, particularly property operations, ensuring exceptional experiences to healthcare tenants.
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 and development of core-plus, value-add medical office and life science facilities across the United States. CAHST currently owns seven medical office buildings with over 410,000 square feet of rentable space, in addition to numerous development parcels for future projects. CAHST is funded by prominent global investment firms Davidson Kempner and Monarch Alternative Capital, and is externally managed by CAHST Management LLC, a global vertically integrated real estate investment management company affiliated with CA Ventures. For more information, visit www.cahstreit.com.
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