Thematic Real Estate Investment.

IRA Capital (“IRA”) is a private equity investment manager focused on U.S. commercial real estate. Founded in 2010 and headquartered in Irvine, California, the firm invests both for its own account and alongside select institutional investors and family offices, with structures designed to ensure alignment and disciplined capital stewardship.

Investment Platform.

IRA’s platform is anchored by a thematic concentration in medical and healthcare real estate, complemented by selective investments across other property sectors where it has an established track record.

The firm invests across the capital stack and throughout the investment lifecycle. Investments are originated, capitalized, and executed on a fully integrated platform with active asset management and operational oversight.

Investment Philosophy.

IRA’s investment philosophy is grounded in disciplined capital allocation and structural risk management to drive durable long-term outcomes. Investment decisions are guided by rigorous underwriting, prudent capitalization, and selective portfolio construction, with a focus on downside protection and capital preservation.

Investment Principles.

IRA emphasizes alignment, accountability, and a long-term perspective, supported by active asset management and consistent execution to deliver durable value across market cycles.

Our Mission

IRA’s mission is to safeguard investor capital, deliver compelling risk-adjusted returns, and contribute meaningfully to the communities and businesses in which we invest.

Investing across the risk spectrum.

IRA Capital allocates capital across a range of risk profiles, aligning return expectations with underlying asset fundamentals, market dynamics, and structural considerations.

Each investment is evaluated through a disciplined framework designed to calibrate risk exposure with targeted performance.

Strength in Leadership

  • Amer F. Kasm

    Managing Partner

  • Amer Malas

    Managing Partner

  • Jay H. Gangwal

    Managing Partner

  • Mohannad S. Malas

    Managing Partner

  • Samir M. Patel

    Managing Partner