February 15, 2022: Southern California private equity firm IRA Capital (IRA) is pleased to announce the acquisition of Serra Medical Plaza, a 13,000 square-foot two-story medical building in Thousand Oaks, California. The Property was built-to-suit in 2014 and is 100% leased to Thousand Oaks Surgery Center (TOSC) – a leading multi-specialty surgery center in Ventura County with 4 operating rooms ideally located off the 101 freeway in Thousand Oaks. The facility also houses a pain management and injury relief clinic that offers the most state-of-the art treatments and advanced procedures available for treating chronic pain conditions. IRA acquired the property through a long term sale-leaseback with TOSC.
Thousand Oaks Surgery Center is operated by a group of highly established physicians with more than 50 years of combined medical management and surgery center experience. The practice is widely known for the high quality of care and unparalleled level of service they provide. Additionally, TOSC is certified by the Accreditation Association of Ambulatory Health Care and is a Medicare-approved facility with the capabilities, equipment, and support to compete with the nation’s top-tier medical providers. TOSC sets the standard for outpatient procedures across multiple medical specialties including Bariatric Surgery, General Surgery, Neurosurgery, Orthopedic Surgery, Otolaryngology, Pain Management, Plastic Surgery, Podiatry, Spine Surgery, Urology, and Vascular Surgery.
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 this latest acquisition representing IRA’s 11th surgery center acquisition in recent months. “The Thousand Oaks Surgery Center provided IRA the opportunity to acquire a well-located, best-in-class surgery center that is a great addition to our growing surgery center portfolio,” said Robert Cristiano, Vice President of acquisitions for IRA Capital.” According to IRA Capital Co-Founder Amer Kasm, “As more surgical procedures continue to be performed outside of the hospital and in an outpatient setting, ambulatory surgery centers are continuing to experience record margins and our portfolio has been following that trend.” The Thousand Oaks Surgery Center transaction represents IRA’s 14th healthcare real estate acquisition in the past 120 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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