REIT - Cresco Labs Co-Founder Comments On $25M First Tranche Financing Of Psychedelics-Focused REIT | Benzinga
Healing Realty Trust (HRT), formerly known as Healing Commercial Real Estate Inc., has announced the successful closure of the first tranche (undisclosed amount) of its $25 million Series A funding round. This investment will facilitate the acquisition of three operating healthcare facilities across Texas, Ohio and Connecticut, totaling approximately 88,000 square feet. The move highlights HRT's commitment to expanding its clinic-focused real estate portfolio and supporting the growing demand for innovative and emerging psychedelic therapies.
Meeting The Demand For Healthcare Infrastructure
HRT is addressing a critical gap in the U.S. healthcare infrastructure, particularly in the behavioral health market, which is projected to reach $136.6 billion by 2032 - per Precedence Research. By acquiring triple net (NNN) leased healthcare-related assets, HRT is optimizing properties for traditional healthcare practices and advancing innovative treatments such as psychedelic-assisted therapies.
Joe Caltabiano, CEO of HRT - and also the co-founder of cannabis giant Cresco Labs ...