Chicago (February 10, 2022) – RX Health & Science Trust, Inc., a private real estate investment trust (REIT) focused on the acquisition and development of outpatient medical facilities across the U.S., today announced the closing of a new revolving credit facility (“Credit Facility”). The Credit Facility provides RXHST borrowing capacity of up to $275 million with an accordion feature permitting the expansion to $600 million subject to certain conditions.

 

“We are excited about the support of top financial institutions such as KeyBank to close on the $275 million revolving credit facility which marks a critical milestone in the execution of our growth strategy,” said Russell Brenner, President of RXHST.

 

“We’ve entered 2022 with a robust national pipeline, and this credit facility will support our ability to maintain substantial and readily available capital resources to close investment transactions efficiently,” added Jesse Ostrow, RXHST's Chief Investment Officer.

 

The Credit Facility was arranged by KeyBank National Association which served as administrative agent, People’s United Bank, National Association, and BofA Securities, Inc. which served as co-syndication agents, and Capital One, National Association, S&T Bank and First Financial Bank as participants.

 

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