IRA Capital Acquires Multi-Tenant Medical Building Anchored by Orlando Health

The 100% occupied multi-tenant property was built in 2004 and is anchored by Orlando Health, one of central Florida’s largest employers with more than 20,000 employees.  Orlando Health sees more than 2.5 million patients a year throughout its network, and operates a multi-specialty clinic at the Oviedo Crossings property offering a mix of services including family medicine, orthopedics, pediatrics, podiatry and women’s health (OB/GYN).  Other prominent tenants at the property include SimonMed Imaging, Florida Cardiology, Center for Digestive Health, Orthopedic Institute of Central Florida, and Ability Rehabilitation. The property is situated within one mile of the brand new AdventHealth Oviedo Emergency Room and within two miles of the Oviedo Medical Center, a 64-bed hospital opened in 2017.   According to IRA partner Amer Kasm, the acquisition provided the opportunity for IRA to continue expanding its healthcare portfolio in Florida.  IRA’s investment decision was based on several key factors including the property’s attractive location and its complimentary mix of strong healthcare providers, which creates an ideal referral network amongst the tenants and contributes to the long term viability and success of the asset.