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CA Healthcare REIT Changes Name, Moves to Internal Management
CA Health & Science Trust is now RX Health & Science Trust, Inc. (RXHST). Originally launched by CA Ventures, Chicago-based RXHST is an internally managed, private REIT focused on acquiring and developing medical office facilities across the U.S.
“We want to thank CA Ventures for its support in launching the company,” said president Russell Brenner. “This internalization of the management team is a planned evolution and the next step for RXHST. 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 has the full support of its investors, Davidson Kempner Capital Management LP and Monarch Alternative Capital, which have a combined equity commitment of more than $225 million. Additionally, the company has a $275 million line of credit, which is led by KeyBanc Capital Markets, Inc.
- ◦Sale/Acquisition
- ◦Development
- ◦Financing
