First Citizens Bank has provided $24.9 million to RX Health & Science Trust for the recapitalization of Copper Point, a medical outpatient facility in Phoenix, Arizona.

Overview of RX Health & Science Trust

RX Health & Science Trust specializes in acquiring and managing high-quality medical office buildings across the United States. Their latest venture involves a $24.9 million recapitalization effort for Copper Point, a prominent medical outpatient facility located in Phoenix, Arizona. The two-story structure, conveniently situated adjacent to the Mercy Gilbert Medical Center, is home to various medical services, including oncology, primary care, physical therapy, pediatrics, dermatology, and laboratory services.

Russell Brenner, President of RX Health & Science Trust, emphasized the significance of Copper Point as a model for the type of medical office buildings they are committed to bringing to communities. RX Health & Science Trust aims to enhance patient access to essential medical services while supporting community well-being.

Industry Landscape in Arizona

The healthcare industry in Arizona has witnessed substantial growth in recent years, driven by population expansion and increasing demand for diverse medical services. As one of the fastest-growing states in