IRA Capital Acquires Premier Orange County Medical Office Building

December 17, 2021: Southern California private equity firm, IRA Capital (“IRA”), is pleased to announce the acquisition of the Aliso Viejo Medical Plaza (“the Property”), a medical office building in Orange County, CA.  The asset is strategically located in the affluent neighborhood of Aliso Viejo and is leased to 15 medical tenants. Notably, HOAG Orthopedic Institute (“HOI”) has executed a new 15-year lease to occupy the entire ground floor, in which they plan to construct a state-of the-art surgery center comprised of 5 operating rooms. IRA is planning substantial exterior and interior renovations to transform the asset into a best-in-class medical office building.

HOI was named ‘2021-2022 Best Hospital’, has been recognized as “high performing” in Back Surgery, Hip Fracture, Hip Replacement, and Knee Replacement by U.S. News & World Report, and has led California with the highest volume of joint replacement procedures performed for 8 consecutive years. HOI is dedicating significant capital to construct their surgery center and further establish their presence in the South Orange County market.

IRA Capital continues to be among the most active investment groups within the healthcare real estate sector. According to IRA Capital co-founder Jay Gangwal, “The Aliso Viejo Medical Plaza acquisition exemplifies our strategy to pursue both single and multi-tenant medical assets that are well located in strong markets. We have successfully improved our position with the execution of HOI lease and have plans to further reposition and rebrand the asset”

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