Friday, September 4, 2020

CA Expands Medical Office and Life Sciences Division in Chicago, IL With Addition of Two Industry Leaders


Russell Brenner

CHICAGO, IL — CA, a Chicago-based real estate investment management company, announced the expansion of its medical office and life sciences division with the appointment of two industry leaders.

Jimmy Hwang has joined the firm as executive vice president of investments, while Jesse Ostrow will serve as senior vice president of investments.

“Since launching our medical office and life sciences division earlier this year, CA has maintained a bullish approach to acquiring, developing and operating best-in-class healthcare, lab and research facilities in markets across the U.S.,” said Russell Brenner, president of the division.

Jimmy Hwang 
“The COVID-19 pandemic highlighted the dearth of quality medical and life sciences real estate nationally, which only strengthened our commitment to these burgeoning sectors.

"Through strategic hires like Jimmy and Jesse, CA is positioned to quickly scale its portfolio by leveraging longstanding relationships with capital partners, expanding the platform’s deal sourcing network and creating further synergies with our existing verticals.

"My team and I have been focused on the medical sector for over a decade and have watched it transform from a niche vertical with less than $10 billion in annual transaction volume to its status today as a highly desirable and growing asset class.”

As executive vice president of investments, Hwang is responsible for investment management activities across the medical office and life sciences division, as well as CA’s industrial and residential verticals. Prior to joining the company, Hwang served as a director in the equity advisory team at Jones Lang LaSalle.

Jesse Ostrow
Before JLL, Hwang was a vice president at Evercore Partners in the real estate private capital advisory group. 

Hwang holds a Bachelor of Science in finance from the University of Southern California’s Marshall School of Business and MBA from Harvard Business School.

Ostrow, the newly appointed senior vice president of CA’s medical office and life sciences division, is responsible for defining and implementing the vertical’s investment activities and overseeing acquisition, financing and sale transactions.

Before coming to CA, he was chief investment officer at MedProperties Group, a medical real estate investment, development and operating platform.

A graduate of the University of Michigan’s Stephen M. Ross School of Business, where he earned a bachelor's degree in business administration with high distinction, Ostrow also holds an MBA from the University of Chicago’s Booth School of Business. 

CA launched its medical office and life sciences division in early 2020 and is targeting $500 million of investments per year through development and value-add acquisitions across the U.S.

CONTACTS:

 Leslie Randolph, lrandolph@taylorjohnson.com, (312) 267-4526  
Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528

                      


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