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 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...