Chicago-based HRE investment firm has fresh capital and deals in the works
By John B. Mugford
Jesse Ostrow and Russell Brenner of RX Health and Science Trust (RXHST) say ‘the sky is the limit’ for their firm now that they’ve lined up Transwestern Investment Group (TIG) as a new capital partner. (Photo courtesy of RXHST)
Russell Brenner and Jesse Ostrow had known each other for years while working for separate, nationally focused healthcare real estate (HRE) firms based in Chicago. But they really started making waves in the HRE sector about five years ago, when they finally became business partners.
That year, 2020, was the year they joined forces as part of a new entity that was part of Chicago-based CA Ventures, a longstanding commercial real estate firm that was entering the healthcare arena with a focus on medical outpatient buildings (MOBs) and life sciences facilities.
A year or so later, that entity evolved into a private real estate investment trust (REIT) known as CA Health and Science Trust Inc. (CAHST).
These days, Messrs. Brenner and Ostrow are still working together. Their firm, however, is Chicago-based RX Health & Science Trust (RXHST), a private REIT that the pair spun out of CAHST in 2022.
RXHST is now looking to make its own waves in the sector, as Messrs. Brenner and Ostrow say it is poised to move on investment opportunities through relationships they have established during their years in the HRE business.
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