CA Expands Medical Office and Life Sciences Division

Real Estate

CHICAGO, IL – Chicago-based real estate investment management company, CA, is expanding its newly-launched medical office and life sciences division with the addition of two industry professionals.

Jimmy Hwang joins CA as EVP of investments. In the role, Hwang is responsible for investment management activities across the firm’s medical office and life sciences division, industrial division and residential division.

Jesse Ostrow joins CA as SVP of investments. Within his newly-appointed role, Ostrow is responsible for defining and implementing the medical office and life sciences division’s investment activities, while overseeing the vertical’s acquisitions, financings and sales transactions.

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

“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 US,” states Russell Brenner, president of the CA division. “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.”

Brenner adds, “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.”

Through his career, Hwang has been involved in more than four million square feet of medical office portfolio monetizations, valuing more than $1.5 billion. Prior to joining CA, Hwang served Jones Lang LaSalle as a director of its equity advisory team. He previously served as VP of Evercore Partners’ real estate private capital advisory group.

Hwang earned a bachelor’s degree in finance from the University of Southern California’s Marshall School of Business and an MBA from Harvard Business School.

Ostrow previously served MedProperties Group as chief investment officer, where he led the firm’s property acquisition process and managed transactions by sourcing capital, closing debt and executing sales and recapitalizations. He has additionally served as founder and managing principal of a boutique real estate investment consulting firm, and has held various positions in real estate investment banking and private equity.

Ostrow received a bachelor’s degree in business administration from University of Michigan’s Stephen M. Ross School of Business, and an MBA from the University of Chicago’s Booth School of Business.

Jimmy Hwang Headshot CA’s Jimmy Hwang
CA’s Jesse Ostrow

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