CA Ventures Rolls Out New Medical Office-Life Sciences Division
The firm, fresh off its announcement last month that it had initiated a $12-billion investment strategy for its student housing and residential divisions, has hired real estate veteran Russell Brenner as president of the new medical office and life sciences entity.
CHICAGO—Locally-based real estate investment firm CA Ventures has launched a new medical office and life sciences division that will be fueled by a $500-million annual investment.
The firm, fresh off its announcement last month that it had initiated a $12-billion investment strategy for its student housing and residential divisions, has hired real estate veteran Russell Brenner as president of the new medical office and life sciences entity.
Under Brenner’s leadership, CA Ventures intends to invest $500 million per year through development and value-add acquisitions across the nation, leveraging the firm’s experience in dozens of US markets.
“We’ve been evaluating an entry into the medical office and life sciences space for some time, not only because of strong market demand for healthcare real estate, but also because we’re uniquely positioned to leverage synergies with our existing senior housing and student housing verticals, the latter of which has investments near leading academic and research institutions across the country,” says Tom Scott, CEO of CA Ventures.
Brenner comes to CA Ventures with more than 24 years of real estate investment, finance and operational experience, most recently serving as partner at Stage Equity Partners and managing principal at Center Capital LLC. Throughout his career, he has led the acquisition, development and leasing of more than 7 million square feet of real estate, including medical office buildings and ambulatory surgery centers anchored by health systems such as Texas Children’s Hospital, HCA Healthcare, OhioHealth, United Surgical Partners International and Children’s Hospital Wisconsin.
“With total U.S. healthcare expenditures expected to reach upwards of $5.7 trillion by 2027, market opportunity in the medical office and life sciences space remains strong,” Brenner says. “At this pivotal moment in the industry, I look forward to joining a firm that will allow me to build and scale a platform dedicated to delivering high-quality investment opportunities in the healthcare space.”
CA Ventures has prior experience building and managing healthcare facilities through its senior housing investment, operations and development division—Anthology Senior Living. In addition to offering independent and assisted living, all of the 39 communities owned and operated by Anthology also provide full-service memory care with on-site medical staff, and most are proximate to major hospital systems.