CHICAGO (November 8, 2022) – As of November 1, 2022, CA Health & Science Trust is now RX Health & Science Trust, Inc. (“RXHST”). RXHST is an internally managed, private real estate investment trust (REIT) focused on the acquisition and development of medical office facilities across the U.S.
“We want to thank CA Ventures for its support in launching the company. This internalization of the management team is a planned evolution and the next step for RXHST,” said Russell Brenner, President. “We look forward to collaborating with our existing equity partners and lenders as we continue to grow the RXHST platform and expand our portfolio of top tier medical office assets.”
RXHST is extremely active in the pursuit of acquiring medical office buildings. RXHST has the full support of its investors, Davidson Kempner Capital Management LP and Monarch Alternative Capital, who have a combined equity commitment of over $225 million. Additionally, the company has a $275 million line of credit, which is led by KeyBanc Capital Markets, Inc. This combination provides RXHST with significant capital to not only pursue, but quickly close potential acquisitions.
RXHST 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. RXHST differentiates itself in its hands-on approach to all aspects of ownership, particularly property operations, ensuring exceptional experiences for healthcare tenants.
About RX Health and Science Trust, Inc.
RX Health and Science Trust, Inc. is a private REIT based in Chicago, Illinois, focused on the investment, development, and operation of medical office facilities across the U.S. RXHST currently owns seven medical office buildings with over 410,000 square feet of rentable space, in addition to numerous development parcels for future projects. RXHST is funded by prominent global investment firms Davidson Kempner Capital Management LP and Monarch Alternative Capital. For more information, visit www.rxhst.com.
Safe Harbor Statement
The release includes certain “forward-looking statements.” All statements, other than statements of historical fact, included in this release regarding, among other things, our strategy, future operations, financial position, anticipated dividends, projected costs, prospects, pipeline and opportunities, use of proceeds from a securities offering, plans and objectives are forward-looking statements. Forward-looking statements can be identified by words such as “will,” “could,” “would,” “potential,” “target,” “goal,” “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “projects” and similar references to future periods. Forward-looking statements are based on our current expectations and assumptions regarding future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short- and long-term business operations and objectives, and financial needs. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. We caution you, therefore, against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. There are risks, uncertainties and other factors, both known and unknown, that could cause actual results to differ materially from those in the forward-looking statements which include, but are not limited to, regional, national or global political, economic, business, competitive, market and regulatory conditions, currency exchange rates and other factors. Any forward-looking statement made by us is based upon the reasonable judgment of our management at the time such statement is made and speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by applicable law.
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