IRA Realty Capital saw a $6 million gain late last month when it sold a Pasadena medical office property it acquired just last year.While it might scream "flip," the five-year-old Newport Beach private equity firm was approached by a partnership led by Tucson, Arizona, real estate investment firm Holualoa...
IRA Capital Sells Thatcher Medical Center in Pasadena
IRA Capital is pleased to announce the sale of Thatcher Medical Center in Pasadena, California Thatcher Medical Center (“TMC”) is a 73,564 square-foot, two-building medical office complex in the heart of Pasadena, California. The asset is viewed by the local population as an “iconic” property originally designed and constructed to...
IRA Capital Acquires Los Angeles Medical Office Building
IRA Capital is pleased to announce the recent acquisition of Wilbur Medical Plaza, a 52,889 SF medical office building in LA County, CA. Recently renovated, the property now offers upgraded interior/exterior finishes, common areas, and an on-site pharmacy. Wilbur Medical Plaza is conveniently located three blocks from the Providence Tarzana...
IRA Acquires downtown Forth Worth Medical Office Building
IRA Capital is pleased to announce the recent off-market acquisition of a 54,000 SF Class A medical office building in the downtown medical district of Fort Worth, TX The property was a build-to-suit in 2004 for the Tenant, The Center for Cancer and Blood Disorders ("The Cancer Center"), one of...
IRA Capital Acquires Thatcher Medical Center in Pasadena for $21.6M
IRA Capital announced today that it has completed the acquisition of Thatcher Medical Center, a 73,564 square-foot, two-building medical office complex in the heart of Pasadena, CA. The asset is viewed by the local population as an “iconic” property originally designed and constructed to be the premier medical office building...
IRA Capital Acquires Eye Institute of Texas MOB
A joint venture led by Newport Beach-based IRA Realty Capital (“IRA”), purchased a 92,000 square-foot medical office building located in Dallas for $25.5MM. The property known as The Eye Institute of Texas was 81% leased at the time of closing. IRA is in discussions with several medical tenants that will...