January 24, 2022, Southern California private equity firm IRA Capital (“IRA”) is pleased to announce the acquisition of two medical office buildings within the 350-bed Doctors Hospital healthcare campus in Augusta, Georgia. The three-story buildings totaling approximately 85,000 square feet are 100% leased to two tenants, Doctors Hospital of Augusta (“DHA”), and The Joseph M. Still Burn Center (“JMS”). DHA is one of the leading acute-care hospitals in eastern Georgia and western South Carolina and is part of HCA Healthcare, which owns 200+ hospitals and approximately 2,000 sites of care. JMS is the largest medical burn facility in the United States and is the flagship location for Burn and Reconstructive Centers of America (“BRCA”), the nation’s largest system for burn care with 11 burn centers across the country.
The Doctors Hospital of Augusta provides a full-service Level II trauma and burn center strategically located near Interstate 20 and 520, providing convenient access to the healthcare campus. The first two floors of each building are occupied by DHA as full-service emergency care facilities providing services for burn and maternity care, with direct internal access to the main hospital which has 99 beds (including 38 ICU beds) and 8 operating rooms dedicated exclusively to burn patients. The second and third floors of each building are occupied by JMS, which sees patients from all over the world for its unparalleled burn treatment and care. JMS is internationally recognized as a leader in burn research and treatments and has more than three decades of experience healing difficult wounds, skin disorders, and burns. The JMS burn center at Doctors Hospital admits more than 3,000 patients to DHA (one-third of them pediatric patients), which accounts for a significant portion of the inpatient volume at the hospital.
IRA Capital continues to be among the most active private healthcare real estate investors in the country, with an emphasis on acquiring single and multi-tenant medical buildings with highly specialized critical functions. “The DHA on-campus medical buildings provided IRA the opportunity to grow its existing footprint in the region with best-in-class facilities that are essential to providing burn and maternity care on the hospital campus, said Andrew Tran, vice president of acquisitions for IRA Capital. According to IRA Capital co-founder Amer Kasm, “Our acquisition of the nation’s largest burn center located at the Doctors Hospital of Augusta is representative of IRA’s healthcare strategy to pursue high-quality, mission-critical healthcare assets. IRA is looking forward to expanding its relationship with both tenants, and to continue aligning with top-tier healthcare providers that provide exceptional care and that seek to make a difference in the communities they serve.” The DHA medical office transaction represents IRA’s 11th healthcare real estate acquisition in the past 90 days.
About IRA Capital
IRA Capital 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, and family offices. IRA invests in commercial real estate assets throughout the United States and has a private equity/venture capital platform that invests in operating companies across various sectors. Headquartered in Irvine California, IRA has acquired over six million square feet of property in 30 states, valued in excess of $2.5 Billion.
For more information, please contact:
Danielle de Souza, IRA Capital Corporate Communications ddesouza@iracapital.com / 949.612.2742
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
