June 9, 2020 — Southern California‐based private equity firm IRA Capital is pleased to announce the acquisition of a three‐building 160,000 square foot corporate campus in Aliso Viejo, CA (Orange County). The project sits on 12 acres and is 100% leased to Glaukos Corporation (NYSE: GKOS), which shall serve as the company’s new global headquarters.
Glaukos focuses on three categories of eye health: Glaucoma, Corneal Health, and Retinal Disease. The company went public in 2015 and has a market capitalization of $1.8 Billion, with approximately $275MM of revenue.
According to IRA Capital partner Jay Gangwal, some of the key factors in the decision to purchase the asset were the project’s strong location within the budding Aliso Viejo life‐science market, and Glaukos’ substantial capital investment and long‐term commitment to the site. In addition to signing a 13‐year lease, Glaukos committed significant capital towards specialized R&D/Lab space at the property. The company also acquired 2.8 acres of excess land for future development and expansion, further solidifying their long‐term commitment to the site.
IRA continues to grow its healthcare real estate portfolio having acquired over $250 Million in the past 60 days, with the Aliso purchase being its 5th Southern California acquisition in the past year. “Our company feels strongly that leading healthcare companies will continue to benefit from technological shifts and the demographic trends. As a result, we have been strategically deploying our capital, and this acquisition aligns nicely with our investment objectives considering Glaukos’ dominant position in the global ophthalmic market.”
About IRA Capital
IRA Capital “IRA” is a Southern‐California based 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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