IRA Capital Acquires Brooklyn Medical Office Building

December 14, 2021: Southern California private equity firm IRA Capital (“IRA”) is pleased to announce the acquisition of New York-Presbyterian Medical Building located in Brooklyn, NY (“Property”). The Property is 100% occupied and leased to New York-Presbyterian/Brooklyn Methodist Hospital, one of the nation’s largest and most comprehensive hospital systems, which is comprised of 2,600 beds, more than 6,500 affiliated physicians, and 20,000 employees. The health system is a leading provider of inpatient, ambulatory, and preventive care in all areas of medicine with more than 2 million visits annually and consistently ranks #1 in the New York metropolitan area.  New York-Presbyterian is comprised of 10 hospital campus across the greater New York area and more than 200 primary and specialty care clinics and medical groups.

The Property is strategically located on Kings Highway, one of the region’s major thoroughfares, boasts high accessibility by public transportation, offers on-site parking, and serves the ever-increasing demand of the Marine Park, Mill Basin, and Flatbush neighborhoods. The asset serves as a one stop shop for a wide range of medical specialties including OB/GYN, orthopedics, cardiology, primary care, among others.

IRA Capital continues to be among the most active healthcare real estate investor, with an emphasis on well located single and multi-tenant medical office buildings. According to IRA Capital co-founder Jay Gangwal, “Our investment in Brooklyn’s New York-Presbyterian medical building is representative of IRA’s healthcare real estate strategy, which is focused on acquiring mission-critical healthcare assets that are aligned with leading health systems to promote better healthcare services to the community.”

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 individuals. IRA invests in commercial real estate assets throughout the United States, with a primary focus on the medical/healthcare real estate sector. Headquartered in Irvine California, IRA has acquired over seven million square feet of property across 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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