The firm capitalizes on secular tailwinds that are fueling the medical office, life science, and senior housing sectors in strategic markets throughout the US. We have deep relationships with some of the country’s leading health systems/medical providers, pharmaceutical companies/contract research organizations, and senior housing operators. IRA’s track record and unique position within healthcare real estate has allowed it to create significant value and generate superior risk-adjusted returns for its investors.
HEALTHCARE Real Estate
IRA has established itself as one of the leading private equity real estate firms in the US healthcare real estate sector, demonstrating repeat success in organically constructing institutional quality healthcare real estate portfolios.
Investing across the risk spectrum.
IRA Capital ensures that the expected return for each investment is commensurate with the level of risk which varies depending on product type, geographic region, market conditions, occupancy levels, etc.
Our Core strategy aims to invest capital in best-in-class real estate with the least risk and a focus on capital preservation and stability of current income. Such assets are often Class-A buildings in primary markets, and often have net-leases ultimately providing the highest predictability of cash flow
Our Core Plus strategy targets stable real estate in primary and secondary markets, with a higher current income and IRR than demonstrated by the Core strategy. In order to accomplish higher yields, IRA’s Core Plus strategy seeks assets that are generally core but contain value-creation potential through either moderate leasing, and/or the extension of shorter lease terms on single/multi-tenant properties.
Our Value-Add strategy focuses on buying income-generating assets at a steep discount to replacement cost. These assets typically have 50-70% occupancy and require major capital improvements and repositioning of operational and physical issues in order to enhance the asset prior to achieving higher occupancy levels.
Our Opportunistic strategy is the highest on the risk spectrum and generally includes investment in ground-up development projects or acquisition of distressed assets that have occupancy levels lower than 50%. Opportunistic acquisitions are the most difficult to finance and most capital intensive. IRA does not expect any cash flow when executing investments in this strategy, but also expects the highest upside upon execution of the business plan.