Medical Facilities.
Over the past several years, IRA has become one of the largest privately held acquirers of medical real estate in the United States. The firm has leveraged its sector-specific expertise and long-standing relationships with many of the nation’s leading health systems and physician groups to create substantial value across its medical office and outpatient portfolio. IRA targets premier medical assets ranging from $10 million to $250 million in value and has also completed large-scale portfolio acquisitions exceeding $1 billion.
Medical properties within IRA’s portfolio are typically located in close proximity to major hospital campuses and leading regional medical centers. The portfolio includes both single-tenant and multi-tenant facilities spanning a broad range of care delivery formats, including primary care and urgent care centers; specialty clinics such as oncology, gastroenterology, imaging and radiology, dialysis, and orthopedic and rehabilitation facilities; laboratory and pharmacy assets; single- and multi-specialty ambulatory surgery centers; hospitals and micro-hospitals; freestanding emergency departments; surgical hospitals; and other inpatient and outpatient facilities providing services across the full acuity spectrum.
Featured Transaction: Mareblu Medical Center
Mareblu Medical Center is a 34,000 squre-foot medical building is located in Aliso Viejo, California, one of Orange County’s most affluent and supply-constrained submarkets. At the time of acquisition, the property was leased to a mix of medical and dental practices, presenting an opportunity to enhance tenancy and elevate the asset’s overall credit profile.
IRA leveraged a pre-existing relationship with Hoag, Orange County’s leading health system, to secure a lease for the entire first floor, materially increasing occupancy and strengthening the tenant roster. Hoag executed a long-term lease and invested significant capital to construct a state-of-the-art ambulatory surgery center within the premises, further institutionalizing the asset and enhancing long-term income durability.