February 13, 2020 Comments Off on IQHQ REIT Launches as $770M Life Science Re-Brand Views: 1653 National News

IQHQ REIT Launches as $770M Life Science Re-Brand

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Creative Science Properties is changing its name to IQHQ, Inc. The new REIT platform also announced that it has successfully completed a $770 million equity raise, including a private placement financing to qualified institutional buyers under Rule 144A of the Securities Act of 1933 and project-specific equity investments.

Investment banker Raymond James led the financing. The raise and the new IQHQ brand represents the company’s focus on identifying real estate opportunities and environments tailored to the needs of life science operators.

IQHQ launches with an experienced leadership team in place. Alan Gold will serve as executive chairman of IQHQ. His extensive experience in life science real estate asset class is teamed with other veteran life science real estate executives, including Steve Rosetta serving as CEO; Tracy Murphy as president; and John Bonanno as CIO.

According to IQHQ’s Rosetta, “With access to significant capital and the ability to leverage our deep relationships across the life science sector, we are well-positioned to fulfill our mission to develop environments that inspire progress and give innovation a home to grow.”

Photo: IQHQ executive chairman Alan D. Gold.

Read more at BusinessWire

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