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. Source: John B. Mugford. (2023, February 21). InterFace panelists say there's still a lot of capital flowing into the MOB space. https://wolfmediausa.com/2023/02/21/feature-story-investment-outlook-quick-rebound-or-slow-recovery/ What a difference a year can make. At the...
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The latest from IRA Capital.
Source: Katie Murar. (2023, February 6). IRA Pays $102M For Irvine Office Campus. Orange County Business Journal. https://www.ocbj.com/real-estate/ira-pays-102m-for-irvine-office-campus/ 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...
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...
Irvine, CA August 12, 2022 - 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...
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...
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...