IRA Capital Acquires University Health Medical Office Buildings
January 14, 2022, Southern California private equity firm IRA Capital (“IRA”) is pleased to announce the acquisition of two newly constructed medical office buildings in Martinez (Augusta), Georgia and Aiken, South Carolina. Both buildings are 100% occupied and leased to University Health Care System (“UH”), a leading health system in Augusta-Richmond County and the surrounding region for more than 200 years. The system is anchored by the 812-bed University Hospital, which was established as City Hospital in 1818. UH has grown into one of the largest healthcare providers in the Georgia and South Carolina region, providing skilled care through comprehensive inpatient and outpatient services, nursing facilities, home health services, rehabilitative care programs, and urgent care facilities.
The medical office buildings acquired by IRA serve as primary care/urgent care facilities. In addition to the treatment of minor injuries and illnesses, the facilities include outpatient lab and X-ray services on-site. Both properties are strategically located off heavily travelled thoroughfares and are within short driving distance of affiliated medical centers.
IRA Capital continues to be among the most active private healthcare real estate investors in the country. “The University Health urgent care facilities are vital to the system’s healthcare delivery model and have been successful in filling care gaps throughout the region. UH is pursuing the expansion of their outpatient network with similar facilities being placed throughout the region,” said Andrew Tran, vice president of acquisitions for IRA Capital. According to IRA Capital co-founder Amer Kasm, “IRA is pleased to begin building and expanding its relationship with University Health. Our investment in these two facilities is reflective of IRA’s objective of growing strategic partnerships with best-in-class health systems that are focused on quality patient-centered care.” The University Health transaction represents IRA’s tenth healthcare real estate acquisition in the past 90 days.
About IRA Capital
IRA Capital is a Southern-California based private equity firm founded in 2010 that invests capital for its own account and on behalf of its co-investment partners, which include pension funds, institutions, and family offices. IRA invests in commercial real estate assets throughout the United States, and has a private equity/venture capital platform that invests in operating companies across various sectors. Headquartered in Irvine California, IRA has acquired over six million square feet of property in 30 states, valued in excess of $2.5 Billion.
For more information, please contact:
Danielle de Souza, IRA Capital Corporate Communications
ddesouza@iracapital.com / 949.612.2742
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