CA Health and Science Trust, Inc. (“CAHST” or “the REIT”), a newly formed and externally managed private REIT focused on the acquisition, development and renovation of core plus and value-add medical office and life science facilities across the U.S., today announced it has hired Loriann Duffy as senior vice president of property management. In her new role, Duffy will lead the national operations teams with a focus on driving value to the bottom line through strategic financial oversight and the creation of operational efficiencies.
Duffy joins CAHST following the closing of two acquisitions worth more than $50 million combined to acquire medical office buildings in Naperville (Chicago), Illinois and Gilbert (Phoenix), Arizona. The acquisitions are part of an equity investment of up to $245 million from partners Davidson Kempner Capital Management LP, Monarch Alternative Capital LP and CA Ventures for the acquisition, development and renovation of medical office and life science buildings and for general corporate purposes and working capital. Over the next few years, CAHST will continue to strategically scale its portfolio of healthcare real estate investments across the United States.
Prior to joining CAHST, Loriann served as director of property operations at Northwestern Memorial Hospital, a top 10 hospital in the U.S., where she was responsible for all aspects of operations and financial reporting for its entire portfolio of leased, owned and newly developed on-campus and outpatient facilities throughout the State of Illinois. Prior to NMH, Loriann served as a general manager with Hines, where she was responsible for all aspects of operations and reporting for a 1.3 million square foot office property, the highest valued office asset per square foot in Chicago. Loriann has led teams that have won the Building Owners and Manager Association (BOMA)’s The Outstanding Building of the Year (“TOBY”) Award. She has also received a Real Property Administrator (“RPA”) designation from BOMA and is a licensed real estate broker. Loriann earned a BA in Psychology and Sociology from Illinois State University.