Healing Realty Trust (HRT), a Jupiter, Florida-based real estate investment trust focused on healthcare-related properties in the mental, behavioral, and physical health sectors, has closed the first tranche of its $25 million Series A funding round.
The company, formerly known as Healing Commercial Real Estate Inc, said the funding will be used to acquire three operating healthcare facilities – an approximately 36,000 square-foot outpatient center in Texas, an approximately 37,000 square-foot medical office complex in Ohio, and a roughly 15,000 square-foot Davita Dialysis-anchored medical and office building in Connecticut.
HRT cited its mission as addressing a shortage of clinical infrastructure to support critical healthcare services and novel treatments, such as psychedelic-assisted therapies, in the behavioral health market. The company added it intends to acquire triple net leased healthcare-related assets, managing both property acquisition and interior buildout.
“We are thrilled by the passionate investor support and confidence in our mission to revolutionize the conventional real estate investment space,” said Joe Caltabiano, CEO of HRT. “Wellness properties have been historically overlooked by healthcare-focused REITs despite being the fastest growing area of the wellness economy. As a first mover in this sector, we have cornered an untapped, high-growth opportunity as Americans become more interested in innovative treatments and demand for new medications increases.”
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