• .
    .

Transactions: IRA Capital lands a significant MOB purchase near Milwaukee 

Investor pays about $60M for two-building complex occupied by Froedtert 

By John B. Mugford

North Hills Health Center consists of two fully leased buildings totaling 118,000 square feet. (Photo courtesy of Froedtert Health)

MENOMONEE FALLS, Wis. – Irvine, Calif.-based IRA Capital, a private real estate investor making quite a splash in medical office building (MOB) acquisitions in recent years, has made a significant purchase in Menomonee Falls, a suburb of Milwaukee.

In an exclusive interview, Amer F. Kasm, one of five principals and a co-founder of the firm, tells HREI that IRA recently paid just under $60 million for the 118,000 square foot North Hills Health Center at W129 N7055 Northfield Drive. The two-building complex is fully occupied by Froedtert Health, a five-hospital system and the primary teaching affiliate of the Medical College of Wisconsin.

The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE

Existing Users Log In