Chicago, IL (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 outpatient medical facilities across the U.S.

 

“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 outpatient medical assets.”

 

RXHST is extremely active in the pursuit of acquiring outpatient medical facilities across the U.S.  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 outpatient medical properties that provide convenient care to end users across the country. These 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.