IRA Capital “IRA” is a leading private equity firm focused on alternative investments.

Founded in 2010, IRA invests capital for its own account and on behalf of its co-investment partners, which include pension funds, institutions, and family offices.

IRA Capital primarily invests in commercial real estate assets throughout the United States, with an overweight concentration within the medical/healthcare real estate sector. Headquartered in Irvine California, IRA has acquired over eight million square feet of property across 26 states, with a total investment in excess of $3 Billion. The firm also invests in venture capital and private equity transactions spanning various sectors including consumer/retail, healthcare/life science, technology, entertainment/sports/media, and hedge funds/financial services. IRA has established itself as a leader within its respective industries and markets, with deep relationships and a strong track record of profitability.

Our Mission

IRA’s mission is to first and foremost preserve investor capital, and to deliver attractive risk-adjusted returns while making a positive impact on the communities and companies in which we invest.

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.

Strength in Leadership

  • Amer F. Kasm

    Managing Partner

  • Amer Malas

    Managing Partner

  • Jay H. Gangwal

    Managing Partner

  • Mohannad S. Malas

    Managing Partner

  • Samir M. Patel

    Managing Partner