February 3, 2022, Southern California private equity firm IRA Capital (“IRA”) is pleased to announce the acquisition of Naples Surgical Center, an 86,300 square foot state-of-the art surgical hospital and multi-specialty care center in Naples, Florida. The Class-A medical facility was constructed in 2015 and is 100% occupied by two of Southwest Florida’s leading health systems, NCH Health System (NCH) and Physicians Regional Healthcare System (PRHS). NCH and PRHS are two of southwest Florida’s largest employers, with NCH being the largest in Collier County with more than 7,000 employees, and PRHS with more than 2,000 employees.
NCH occupies the entire first floor of the building and houses a full-service gastroenterology and endoscopy center, along with primary care, pulmonary medicine, infectious disease/wound care, and orthopedic and physical therapy services. The facility is strategically located directly across from NCH’s 261-bed North Naples Hospital. PRHS recently signed a 55,000 square-foot lease to occupy the entire second and third floors as an orthopedic and spine surgical hospital with 20 licensed beds. The hospital is equipped with four operating rooms, over 50 private patient rooms for general medical and long-term acute care, a CT room, critical care units, med/surge rooms, and a bioimaging suite.
IRA Capital continues to be among the most active private healthcare real estate investors in the country. As part of IRA’s medical office acquisition strategy, single and multi-specialty surgery centers and surgical hospitals have been a large focus, with the latest Naples acquisition representing IRA’s tenth surgery center/hospital acquisition in recent months. The Global Healthcare Services (GHS) team at Newmark facilitated the transaction and advised the Landlord on the new lease with PRHS. “Getting this project across the goal line took a team effort from all parties – the Seller, Tenant, and Buyer,” said Todd Perman, CCIM, Vice Chairman and Head of GHS. “We’d like to thank the IRA Capital team for remaining so diligent throughout the acquisition process.” According to IRA Capital co-founder Amer Kasm, “The Naples Surgical Center provided IRA the opportunity to acquire a highly specialized, best-in-class surgical hospital and further grows our footprint in Southwest Florida. 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 Naples Surgical Center transaction represents IRA’s 13th 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 seven and a half million square feet of property across 30 states, valued in excess of $3.0 Billion.
For more information, please contact:
Danielle de Souza, IRA Capital Corporate Communications
ddesouza@iracapital.com / 949.612.2742
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