Senior Housing
IRA’s senior housing platform focuses on newly constructed, Class A, large scale assets located in affluent and high barrier-to-entry markets. IRA invests across a continuum of care including independent living, assisted living, and memory care.
The team places an emphasis on ensuring its assets are efficiently built with high quality construction including large unit sizes, majority 1- and 2-bedrooms, and numerous amenities. Additionally, IRA partners with best-in-class, well capitalized institutional managers with a history of strong care programming and operational efficiency.
Featured Transaction
Newly purpose-built, Class-A, senior housing property offering continuum of care across independent living, assisted living, and memory care.
The asset was completed in two phases with phase I built in 2013 and consisting of the main building and amenities, and 131 units. Phase II was completed in 2020 which added another wing including 122 units, providing significant scale in a market known for its lengthy entitlement timelines, lack of infill sites, and high construction costs.
The Seattle, WA senior housing market is one of the strongest in the country with high occupancy across the sector. New vintage assets within the metro (2 -10 years old) are 93% occupied.
Highly amenitized asset which includes a large dining facility, theatre, fitness center, bistro and bar, den, nurse station, activities space, salon, courtyard, and card room.