The Feb. 1 InterFace Healthcare Real Estate West “Investment Market Update” panel discussion included (from left to right): Elliott Sellers of Anchor Health Properties, Jay Gangwal of IRA Capital, Jon Sajeski of Sila Realty Trust, Joe Dominguez of Dominguez Capital Advisory and moderator Travis Ives of Cushman & Wakefield. InterFace panelists say there’s still a lot of capital flowing into the MOB space. What a difference a year can make. At the InterFace Healthcare Real Estate (HRE) West conference in Los Angeles in February 2022, a panel discussion devoted to HRE investing was titled, “Who’s Buying, Who’s Selling and Transaction...

Ventura, California – The owners of a 157,322-square-foot shopping center in Ventura, Calif., have unloaded the property for $66 million. Newmark announced that private equity firm IRA Capital sold Poinsettia Plaza, but did not disclose the name of the buyer. However, a source familiar with the deal told Commercial Observer that Aribo Corporation acquired the retail property in a 1031 exchange. Poinsettia Plaza is 96.5 percent occupied by tenants including Ross, Office Depot, Petco, FedEx and Lamps Plus. Additionally, Aldi recently signed a long-term lease. The shopping center is at 4220-4360 East Main Street and 4687-4731 Telephone Road, near the junction of the 101 Freeway and Highway 126. Newmark’s Pete Bethea, Rob Ippolito and Glenn Rudy represented IRA Capital. The Irvine-based firm...

Irvine, California – Irvine-based IRA Capital LLC has spent more than $100 million to acquire the VKCC creative office campus in its hometown, with potential long-term plans to redevelop the site that’s a few miles from John Wayne Airport into alternative uses, the Business Journal has learned. The commercial real estate investor, which has made a string of large healthcare and medical office purchases in recent years, paid about $102.4 million for the nine-building office park that spans almost 450,000 square feet near the intersection of Von Karman Avenue and Alton Parkway. EQ Office—previously known as Equity Office—sold the 24-acre site for about...

Irvine, California – Southern California private equity firm IRA Capital (“IRA” or the “Company”) today announced the promotion of Daniel Sitz and Azhar Jameeli to the roles of Managing Director, as well as the addition of Austin Lee as Senior Associate. Azhar Jameeli’s promotion to the role of Managing Director reflects his leadership responsibility for the Company’s senior housing, medical office, and life science acquisition and investment activities. Mr. Jameeli works across healthcare investments, with a focus on the senior housing segment. Daniel Sitz’s promotion to Managing Director, Asset Management reflects his responsibility for the...

July 15, 2022: Southern California private equity firm IRA Capital (“IRA”) is pleased to announce the acquisition of two medical office buildings totaling 21,000 square feet predominantly occupied by Scripps Health in Vista, California. Scripps Health is a $2.9 billion private, nonprofit, integrated health system in San Diego that is ranked among the top 15 health systems in the nation. The buildings are located at 902 and 916 Sycamore Avenue within a 4-building medical office park. One of the buildings is 100% leased to Scripps as a state-of-the art radiation therapy center, and the other houses a Scripps oncology clinic in...

March 29,2022: The almost 250,000-square-foot campus at 6555 Sierra Drive currently serves as the corporate headquarters for utility firm Vistra Corp. Vistra, a retail electricity and power generation company, has fully leased the campus through 2035, according to the Dallas Business Journal.
IRA acquired the complex from a joint venture that included New York-based Lexington Realty Trust. Commercial property firm Jones Lang LaSalle marketed the Vistra office buildings for sale.
The most recent assessment of the three-story building just off the Bush Turnpike was $26,926,470, according to property tax records. The almost 10 acre lot on its own was estimated….

March 3,2022: Southern California private equity firm IRA Capital (“IRA” or the “Company”) exceeded its projected growth plans in 2021 and is expected to further increase its investment activity in 2022. IRA sold one of the largest healthcare real estate portfolios for $620 Million to Nuveen Real Estate last August and acquired approximately $1 Billion in new commercial real estate investments over the past six months. The Company has also expanded its team by over 25% and announced key strategic hires including three senior investment professionals to help fuel the company’s growth across various strategies. Azhar Jameeli, formerly with Healthpeak REIT….

February 15, 2022: Southern California private equity firm IRA Capital (IRA) is pleased to announce the acquisition of Serra Medical Plaza, a 13,000 square-foot two-story medical building in Thousand Oaks, California. The Property was built-to-suit in 2014 and is 100% leased to Thousand Oaks Surgery Center (TOSC) – a leading multi-specialty surgery center in Ventura County with 4 operating rooms ideally located off the 101 freeway in Thousand Oaks. The facility also houses a pain management and injury relief clinic that offers the most state-of-the art treatments and advanced procedures available for treating chronic pain conditions. IRA acquired the property….

February 3, 2022, Southern California private equity firm IRA Capital (“IRA”) is pleased to announce the acquisition of Naples Surgical Center, an 86,300 square foot state-of-the art surgical hospital and multi-specialty care center in Naples, Florida. The Class-A medical facility was constructed in 2015 and is 100% occupied by two of Southwest Florida’s leading health systems, NCH Health System (NCH) and Physicians Regional Healthcare System (PRHS). NCH and PRHS are two of southwest Florida’s largest employers, with NCH being the largest in Collier County with more than 7,000 employees, and PRHS with more than 2,000 employees. NCH occupies the entire first floor….

NEW YORK, Feb. 16, 2022 /PRNewswire/ — CIT, a division of First Citizens Bank, today announced that its Healthcare Finance business served as sole lead arranger on two financings totaling $80.7 million for the acquisition of surgical centers in Naples, Florida, and Alexandria, Louisiana. In Naples, Florida, CIT provided $49.2 million toward the acquisition of a three-story surgical hospital and specialty care facility acquired by subsidiaries of IRA Capital. The Naples property is 86,287 RSF and leased to Naples Community Hospital and Physicians Regional Medical Center.
In Alexandria, Louisiana, subsidiaries of IRA Capital obtained a $31.5 million loan that funded a portion of the 83,631 RSF CHRISTUS Central Louisiana Surgical Hospital acquisition. “We are excited to add these two….