IRA Capital Acquires UC San Diego Cancer & Health Center
January 11, 2022: Southern California private equity firm IRA Capital (“IRA”) is pleased to announce the acquisition of the UCSD Cancer & Health Center located in Vista, California (the “property”). The medical building is approximately 20,000 square feet and is 100% leased to The University of California San Diego Health System (“UCSD Health”). Having occupied the first floor of the facility since 2011 as one of UCSD’s two cancer infusion centers in Northern San Diego County, the property is ideally situated off Sycamore Avenue with easy access to highway 78, I-5, and I-15. In addition to providing much-needed cancer treatment services to the local community, UCSD Health recently expanded its occupancy to include the second floor where it will be providing primary care services. The property is strategically located within a 4-building medical complex occupied by leading cancer treatment and imaging/diagnostics providers including Scripps’ Radiation Therapy Center, Tri-City Pet CT, and Quest Diagnostics.UCSD Health has been repeatedly ranked as the leading health care system in San Diego County. The Moors Cancer Center of UCSD was established in 1978 and is designated by the National Cancer Institute as a comprehensive cancer center that provides access to clinical trials and sets treatment standards for more than 200 types of cancer. UCSD Health has more than 1,500 doctors and scientists that are published experts in their field, and it is the only academic health system with one of only two adult Level I trauma centers in the region.IRA Capital continues to be among the most active private healthcare real estate investors in the country. According to IRA Capital co-founder Amer Kasm, “UCSD Health’s recent expansion at the building demonstrates its long-term commitment to the property, and to providing high-quality oncology and primary care services in Northern San Diego. This latest acquisition is representative of IRA’s strategy of aligning with top-tier health systems and supporting their efforts in delivering efficient and quality healthcare.” The UCSD Health acquisition represents IRA’s eighth medical office 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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