April 28, 2020
Southern California-based IRA Capital (IRA) is pleased to announce the acquisition of a single-tenant medical office building in the Philadelphia suburb of Sellersville.
The 10,000 square-foot building is 100% occupied by St. Luke’s University Health Network and is a key outpatient gastroenterology specialty clinic and surgery center with 3-operating rooms. St. Luke’s University Health Network is a non-profit network of 15,000+ employees providing services at 11 hospitals and over 300 outpatient sites throughout Pennsylvania. According to IRA partner Amer Kasm, the firm is focusing its acquisitions efforts on facilities leased to strong health systems, whereby its medical portfolio can continue to grow by expanding upon IRA’s existing system relationships.
About IRA Capital
IRA Capital “IRA” is a private equity firm founded in 2010 that invests capital for its own account and on behalf of its co-investment partners, which include pension funds, institutions, family offices, and individuals. IRA invests in commercial real estate assets throughout the United States, with a primary focus on the medical/healthcare real estate sector. Headquartered in Irvine California, IRA has acquired over six million square feet of property across 25 states, valued in excess of $2 Billion.
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