CA Ventures to Build Mixed-Use Senior Housing, Medical Office with New Vertical

Industry Insights

CA Ventures launched a new service line this week that will share synergies with its fast-growing Anthology Senior Living brand.

The Chicago-based real estate developer and investor announced the formation of a medical office building and life sciences division. To lead it, CA Ventures named Russell Brenner president.

“Unlike some of our other lines, medical office is not a business where we’re [currently] building spec. We believe with some of the other things we can offer through student and senior housing, by delivering a mixed-use product, there is a carrot to offer those anchor tenants,” he told Senior Housing News.

CA Ventures launched in 2004 as an investor in student housing in top-tier university markets. Over the past eight years, however, the firm has diversified its portfolio to include office, industrial, traditional multifamily and senior housing. Ben Burke is president of Anthology Senior Living, the firm’s senior housing investment, development and operations arm.

Brenner’s career in real estate spans nearly a quarter century, with a particular emphasis on health care real estate development, and he spearheaded 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 HCA Healthcare and OhioHealth.

Most recently, he was a partner at Chicago-based Stage Equity Partners and Care Capital. Stage Equity Partners focused on real estate opportunities in midwestern, southeastern and southwestern U.S. markets. Those markets are also where CA’s new line will seek to build its pipeline, Brenner told Senior Housing News.

Click to read more in Senior Housing News